AmFraser Research in a Feb 2 research report says: “SingTel will report 3QFY10 results on Feb 9. We expect a hefty boost to earnings from effects of forex movements. SingTel is seen to report strong y-o-y growth of at least 18% (i.e. $940 million net profit) for 3QFY10.
Posts Tagged ‘Telecommunications’
Singapore Telecommunications rated neutral at Macquarie Research
Macquarie Research in a Jan 15 research report says: “We examine the implications of a possible Optus listing, as reported by the Wall Street Journal. We regard the news flow as a positive driver of the share price as: (1) the valuation suggested by the press is higher than what we currently ascribe to Optus; and (2) unlocked capital may possibly be recycled into emerging market assets for overall EPS neutral/accretion outcome.
SingTel’s Optus float depends on Australia’s NBN, Review says
Singapore Telecommunications is waiting to see what role its Optus unit takes in Australia’s national broadband network before proceeding with a partial float of the business, the Australian Financial Review said.
Keppel Telecommunications & Transportation – Corporate moves
Chan Shui Har has been appointed deputy CEO wef Jan 11
Work experience: Deputy CEO, Evergro Properties Ltd; GM, corporate planning and hospitality division, Wing Tai Holdings Ltd
Keppel Telecommunications & Transportation – Corporate moves
Pang Hee Hon has been appointed CEO wef Jan 4, 2010
Work experience: Deputy president, ST Electronics (Info-Software Systems) Pte Ltd; head of Joint Logistics Department, Ministry of Defence
SingTel, StarHub seek World Cup broadcast rights: reports
Singapore Telecommunications and StarHub are competing for the right to air the 2010 soccer World Cup in Singapore, the local press reported.
The companies don’t want to reveal how much they bid for the broadcast rights, the reports said.
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SingTel says Optus completes US$500m note issue
Singapore Telecommunications said its SingTel Optus Pty unit completed a US$500 million ($695 million) bond issue. The offering of the notes, which mature on Oct 15, 2019, was more than five times over-subscribed, the company said in a statement to the Singapore stock exchange.
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Optus Finance planning sale of 10-year bonds in US dollars
Singapore Telecommunications’s Optus Pty unit is planning to sell 10-year bonds denominated in US dollars, according to a person familiar with the transaction.
SingTel drops 2.3% as DBS cuts rating to ‘hold’
Singapore Telecommunications (ST SP): SingTel, as Southeast Asia’s biggest telephone operator is known, dropped 2.3% to $3.42. DBS Group Holdings cut its rating on SingTel to “hold” from “buy,” saying its shares have already priced in potential positive news on earnings. The company is expected to announce earnings for the first-quarter ended June 30 on Aug 13.
Optus launches €2b medium term note
Singapore Telecommunications says Optus Finance Pty, its wholly-owned unit, has established a €2 billion Medium Term Note Programme.
Rating agencies Moody’s Investors Service and Standard & Poor’s have assigned ratings of Aa3 and A+ respectively to the EMTN programme, in line with Optus’ current long term ratings, says SingTel in a statement to the SGX.
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Singtel drops 2% as BNP cuts ‘buy’ to ‘hold’
Singapore Telecommunications (ST SP), Southeast Asia’s biggest telephone operator, dropped 2% to $3.39. The company was cut to “hold” from “buy” at BNP Paribas, which said valuations are now “fair” following the stock’s gain this year.
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SingTel cut to ‘hold’ from ‘buy’ at BNP Paribas on valuations
Singapore Telecommunications was cut to “hold” from “buy” at BNP Paribas, which said valuations are now “fair” following the stock’s gain this year.
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