Singapore Stock Market News

SingTel - Currency drag

StockFanatic
Publish date: Thu, 14 Nov 2013, 04:35 PM
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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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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

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