Singapore Stock Market News
SingTel - Currency drag
StockFanatic
Publish date: Thu, 14 Nov 2013, 04:35 PM
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Welcome to Stockfanatic Singapore stock market and regional market news. This is a platform to share Singapore stock market and regional news to investors / man in the street. Investors can also look forward to analyst reports and brokers recommendations. Stockfanatic's Singapore stock market and regional news blog, home of investors one stop news station.
Annualised 1HFY14 core net profit missed both CIMB and street
estimates by 6% and 10% respectively largely due to A$, Rp and Rs
weakness. Also, earnings were weighed down by higher D&A resulting
from its elevated LTE-related capex and content costs.
We believe the worst of the currency
woes is over and earnings have
largely bottomed out. However,
content and depreciation costs could
remain drags as the group invests in
its future. For now, we maintain our
forecasts for now, Neutral rating and
SOP-based target price with more
details to follow after this morning's
conference call. M1 remains our
preferred Singapore telco.
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CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
inphyy
That not the end of the story. IDA have not pass down verdict on fire saga. S$1.5 mil fine same as fined M1 early?
2013-11-14 20:54