Singapore Stock Market News

SingTel - Lower guidance on 1HFY13 miss

StockFanatic
Publish date: Wed, 14 Nov 2012, 12:51 PM
StockFanatic
0 10,452
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.
1H13 core net profit missed CIMB and consensus estimates by 3% and 10% respectively as Bharti disappointed. SingTel maintains its overall guidance but has lowered Optus's FY13 revenue, citing competition and reduced mobile-termination rates.

DPS was 6.8cts (62% payout of 1HFY13), unchanged yoy. 3QFY13 is likely to be weaker due to higher iPhone-related subsidies. We maintain our Underperform and SOP-based target price pending its conference call later this morning. Likely de-rating catalysts are earnings disappointments and adverse regulatory developments in India.
Read more ''
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment