|Bid||2.4900 x 0|
|Ask||2.5000 x 0|
|Day's Range||2.4600 - 2.5000|
|52 Week Range||2.2100 - 3.5600|
|Beta (5Y Monthly)||0.78|
|PE Ratio (TTM)||31.92|
|Earnings Date||Aug 06, 2020 - Aug 10, 2020|
|Forward Dividend & Yield||0.11 (4.38%)|
|Ex-Dividend Date||Aug 04, 2020|
|1y Target Est||3.70|
Shares of Southeast Asia's largest telco fell as much as 4% after it reported a net profit of S$1.075 billion ($754 million) for the year ended March - the weakest since at least 1998. Underlying net profit, which excludes exceptional items, fell 13% to S$2.457 billion. Singtel almost halved its final dividend to 5.45 Singapore cents a share, saying it wanted to preserve financial headroom to cope with uncertainties in the current COVID-19 operating environment and the capacity to invest in 5G.
Today we'll evaluate Singapore Telecommunications Limited (SGX:Z74) to determine whether it could have potential as an...
Hooq, a five-year-old on-demand video streaming service that aimed to become “Netflix for Southeast Asia,” has shut down weeks after filing for liquidation and terminated its partnerships with Disney’s Hotstar, ride-hailing giant Grab, and Indonesia’s VideoMax. Hooq Digital, a joint venture among Singapore telecom group Singtel (majority owner), Sony Pictures, and Warner Bros Entertainment, discontinued the service on Thursday. It had amassed over 80 million subscribers in nearly half of the dozen markets in Asia.
* Singapore closes at highest since April 20 * Extended lockdown in Singapore to help Singtel - analyst * Philippines cenbank warns of annual GDP contraction By Nikhil Subba April 27 (Reuters) - Most Southeast Asian stock markets closed higher on Monday, led by Singapore, after Japan announced further measures to blunt the economic damage caused by the coronavirus pandemic. The Bank of Japan (BOJ) expanded monetary stimulus on Monday and pledged to buy unlimited amount of bonds to keep borrowing costs low, thus cancelling its previous target of 80 trillion yen per year. Investors will also be watching out for further stimulus actions from the U.S. Federal Reserve and European Central Bank when they have their monetary policy meetings later this week.
* Malaysia top performing regional market * Philippines bucks trend with 1.5% drop By Nikhil Subba April 20 (Reuters) - Most Southeast Asian stock markets rose on Monday, with Malaysia leading gains, as China, the region's prime trading partner, cut a key interest rate and promised more measures to prop up an economy battered by the cornonavirus pandemic. China cut its benchmark lending rate by 20 basis points to 3.85% on expected lines and said it would roll out additional policies to prevent short-term economic shocks from becoming long-term stagnation trends. "We expect further rate declines in the coming months...As employment conditions remain weak and external demand is being held back by lockdowns elsewhere in the world, we think the People's Bank of China will take further steps to prop up activity," analysts at Capital Economics said in a note.
On-demand video streaming service Hooq said on Friday it has filed for liquidation after it failed to grow rapidly and cover its increasing operating costs. Hooq Digital, a joint venture among Singapore telecom group Singtel (majority owner), Sony Pictures, and Warner Bros Entertainment, said the company sailed through “significant structural changes” in the on-demand video streaming market for five years but is now struggling to provide sustainable returns to investors.
HOOQ Digital, a video streaming service majority owned by Singapore Telecommunications Ltd, said it was filing for liquidation as it had not been able to grow sufficiently to provide sustainable returns nor cover escalating costs. HOOQ was started as a joint venture in 2015 between Singtel, Sony Pictures Television and Warner Bros Entertainment. The liquidation is not expected to have any material impact on the net tangible assets or earnings per share of Singtel, the telecom operator said in a filing to the stock exchange.
* Singapore Q1 GDP contracts more than expected * Singapore set to announce additional stimulus package * Indonesia set for best day in 6-1/2 years By Arpit Nayak March 26 (Reuters) - Most South East Asian stocks rose on optimism around a massive U.S. stimulus package, although Singapore shares fell after the city-state cut its annual growth forecast to better reflect the economic damage from the coronavirus pandemic. The U.S. Senate on Wednesday unanimously passed a $2-trillion bill aimed at helping unemployed workers and industries hurt by the virus outbreak. Thailand has put into effect a state of emergency until the end of April, sealing off its borders from non-resident foreigners to contain the virus, though it held off on restricting people's movement inside the country At odds with the regional trend, Singapore stocks eased as much as 2.9% after its economy contracted more than expected in the first quarter.
* Indonesia marks best day in three weeks * Thai cenbank likely to cut rates to new low * Philippine cenbank to buy $5.8 bln govt securities By Arpit Nayak March 24 (Reuters) - Most Southeast Asian stock markets rebounded on Tuesday, as the U.S. Federal Reserve pledged unlimited quantitative easing to support credit markets in a bid to backstop an economy reeling from emergency restrictions to fight the coronavirus. In an unprecedented move, the Fed said on Monday it would make a foray into corporate debt and pledged to buy an unlimited amount of U.S. Treasuries and agency mortgage-backed securities to ease credit strains and provide support to the virus-hit economy. "Asian investors like what they see from an all-in Fed which is being viewed in a very impressive light for both Main and Wall Street, even as the U.S. congress dithers," Stephen Innes, chief global markets strategist at AxiCorp, said in a note.
Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Singapore...
An Australian court approved a A$15 billion ($10.1 billion) merger between a unit of Britain's Vodafone Group <VOD.L> and internet provider TPG Telecom <TPM.AX> on Thursday, overruling a regulator and enabling a huge rival to the country's top telcos. A Federal Court judge said a tie-up between Vodafone's joint venture with local telco Hutchison Telecommunications (Australia) Ltd <HTA.AX> and TPG would not harm competition, rejecting the Australian Competition and Consumer Commission's (ACCC) reason for blocking the deal last year.
* Further tariff cuts depend on bilateral developments, China says * The Philippine index surges as c.bank commits to 50 bps cuts * Singapore index hits highest close since Jan. 27 By Shruti Sonal Feb 6 (Reuters) - Southeast Asian stocks closed firmer on Thursday after China decided to slash tariffs on some U.S. imports, offering relief to markets that were gripped by slowdown worries amid the coronavirus outbreak. Broader Asian markets clocked in strong gains on news that China - the region's largest trading partner - plans to halve additional tariffs levied against 1,717 U.S. goods last year, even as it reiterated its aim to eventually scrap all tariffs that had been levied during the trade war. Trade-sensitive Singapore shares climbed nearly 1% to hit their highest close since Jan. 27, with index heavyweights Jardine Strategic Holdings and Singapore Telecommunications Ltd ending up 1.3% and 1.5%, respectively.
* WHO declares coronavirus a global health emergency * Singapore posts biggest monthly drop since August * Malaysia closes at an eight-year low By Arpit Nayak Jan 31 (Reuters) - The Philippine and Vietnam indexes slumped over 2% on Friday, while other Southeast Asian stock markets also extended losses to close lower as fears about the spread of coronavirus triggered sell-offs across the region. The World Health Organisation on Thursday declared the virus a global health emergency, as the death toll surpassed the 200-mark in China while at least 22 other countries reported infections. Economists fear the hit to China's economy from the virus could result in a greater economic impact to the world's economy than that of the 2002/2003 Severe Acute Respiratory (SARS) epidemic, since China's share of the global economy is now far greater.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Singapore Telecommunications Limited and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
* China's Q4 GDP comes in line with expectations * Singapore's Dec exports post surprise rebound By Anushka Trivedi Jan 17 (Reuters) - Indonesian shares skid on Friday as weak auto sales data weighed on consumer stocks, while most other Southeast Asian markets climbed as a slew of solid data from China lifted investor sentiment. Auto sales in Indonesia declined 1.4% last month, with all major brands reporting weaker numbers than a year earlier. An index of Jakarta's forty-five most liquid stocks was 0.1% lower.
Singapore Telecommunications Ltd (Singtel) <STEL.SI> is teaming up with Southeast Asian ride hailing firm Grab to bid for an online banking licence in Singapore, the first such partnership that could spur a shake-up of the city state's financial sector. The companies said in a joint statement that they will form a partnership, with Grab owning 60% and Singtel holding the remainder to apply for a digital banking licence to serve retail and small and medium enterprises.
Grab and Singtel, one of the largest telecoms in Singapore, announced today that they are applying for a digital full bank license together. If approved, the license will allow them to offer simple credit and investment products, before progressing to a full-functioning bank if they meet the Monetary Authority of Singapore’s (MAS) criteria. Grab will hold a 60% stake in the consortium, with Singtel holding the other 40%.
In a bid to set up a digital bank in Singapore, Grab, and Singtel are forming a consortium, in which the two companies will hold 60% and 40% stake, respectively, said the spokespersons of Grab and Singtel in a joint statement on Monday. Singtel, the largest telecom operator in Singapore, and Grab, one of Singapore’s acclaimed ridesharing companies have a track record expanding outside their core businesses.
Could Singapore Telecommunications Limited (SGX:Z74) be an attractive dividend share to own for the long haul...
* U.S. slaps tariffs on Brazil, Argentina * Also proposes duties on French imports * Weak U.S. manufacturing data adds to gloom * Singapore falls for sixth time in seven sessions By Soumyajit Saha Dec 3 (Reuters) - Most Southeast Asian stock markets ended lower on Tuesday as U.S. tariffs on Brazil and Argentina threatened to aggravate global trade tensions, while weak U.S. factory data added to the dour sentiment. The Trump administration on Monday announced tariffs on U.S. steel and aluminium imports from the Latam countries and vowed duties of up to 100% on French goods.