July 2015

.

 

Results Announcement

  • 20 Jul 15 : M1

 

 

 

STI = 3331.14 (+13.81)

Stock

Period

EPS cts

DPS cts

Mkt

Yield

PE

Div Breakdown

Hong Leong Fin

FY14 (Dec)

14.17

10.00

$2.550

3.922%

18.00

Interim 4ct ; Final 6ct

SGX

FY14 (Jun)

30

28

$8.180

3.423%

27.27

Q1, Q2, Q3 4ct ; Q4 4ct +12ct

SingPost

FY15 (Mar)

6.849

6.25

$1.905

3.281%

27.81

Q1, Q2, Q3 1.25ct ; Q4 2.5ct

SPH

FY14 (Aug)

25

21

$4.050

5.185%

16.20

Interim 7ct ; Final 8ct + Special 6ct

Note : SGX Added from May-14 ; Q4 Variable Div Depends on FY EPS


Aviation Services

Stock

Period

EPS cts

DPS cts

Mkt

Yield

PE

Div Breakdown

SATS

FY15 (Mar)

17.50

14.0

$3.700

3.784%

21.14

Interim 5ct ; Final 9ct

SIA Engineering

FY15 (Mar)

16.36

14.5

$3.840

3.776%

23.47

Interim 6ct ; Final 8.5ct

ST Engineering

FY14 (Dec)

17.06

15.0

$3.290

4.559%

19.28

Interim 4ct ; Final 4ct + Special 7ct

Note : SIAEC Special Div is Observed to be Non-Recurring (Depends on Excess Cash)


Transport

Stock

Period

EPS cts

DPS cts

Mkt

Yield

PE

Div Breakdown

SBSTransit

FY14 (Dec)

4.62

2.30

$1.785

1.289%

38.64

Interim 1.25ctct ; Final 1.75ct

ComfortDelGro

FY14 (Dec)

13.29

8.25

$3.200

2.578%

24.08

Interim 3.75ct ; Final 4.5ct

SMRT

FY15 (Mar)

6.00

3.25

$1.545

2.104%

25.75

Interim 1.5ct ; Final 1.75ct




TELCO

Stock

Period

EPS cts

DPS cts

Mkt

Yield

PE

Div Breakdown

SingTel

FY15 (Mar)

23.73

17.5

$4.260

4.108%

17.95

Interim 6.8ct ; Final 10.7ct

M1

FY14 (Dec)

18.9

18.9

$3.270

5.780%

17.30

Interim 7ct ; Final 11.9ct

StarHub

FY14 (Dec)

21.50

20

$3.930

5.089%

18.28

Q1 5ct ; Q2 5ct ; Q3 5ct ; Q4 5ct




Infrastructure

Stock

Period

DPS cts

Mkt

Yield

NAV

Div Breakdown

AusNetServices

2H – Mar15

A4.18 (Gross)

$1.425

6.092%

A$0.82

1H15 A4.18ct ; 2H15 A4.18ct

* SPAus DPU in A$. Yield is Calculated Using Latest Exchange Rate (1.0384) fm Yahoo

NOTES :

  • Mkt Price is as on 1-Jul-15
  • StarHub : Q115 (Mar) – 5ct
  • AusNet : 1H15 (Sep14) – A4.18ct = A2.2ct (Franked) + A1.98ct (Interest – Subject to 10% Tax) ; 2H15 (Mar15) – A4.18ct = A2.2ct (Franked) + A1.98ct (Interest – Subject to 10% Tax)
  • SingTel : 2H15 (Mar15) – Final 10.7ct ; 1H15 (Sep14) – Interim 6.8ct
  • SATSvcs : 2H15 (Mar15) – Final 9ct ; 1H15 (Sep14) – Interim 5ct
  • SingPost : Q415 (Mar15) – 2.5ct ; Q315 (Dec14) – 1.25ct ; Q215 (Sep14) – 1.25ct ; Q115 (Jun14) – 1.25ct
  • SIAEC : 2H15 (Mar15) – Final 8.5ct ; 1H15 (Sep14) – Interim 6ct
  • SMRT : 1H15 (Sep14) – Final 1.75ct ; 1H15 (Mar15) – Interim 1.5ct
  • SGX : Q315 (Mar15) – 4ct ; Q215 (Dec14) – 4ct ; Q115 (Sep14) – 4ct
  • SPH : 1H15 (Feb) – Interim 7ct
  • ST Engg : 2H14 (Dec) – 4ct (Final) + 7ct (Special) ; 1H14 (Jun) – 4ct / Payout = 88% (Not Reduced to 75% altho’ guided in Annc During FY13 Results)
  • HLFin : 2H14 (Dec) – 6ct ; 1H14 (Jun) – 4ct
  • StarHub : FY15 Div Guidance – 5ct/Q
  • M1 : 2H14 (Dec) – Final 11.9ct ; 1H14 (Jun) – Interim 7ct
  • ComfortDelgro : 2H14 (Dec) –4.5ct ; 1H14 (Jun) –3.75ct
  • SBSTransit : 2H14 (Dec) – 1.05ct ; 1H14 (Jun) – 1.25ct
  • SPAus : FY15 Guidance = A8.36ct Gross
  • ST Engg : Dividend Payout Reduced from 90% to 80% for FY13 & Will Be Further Reduced to 75% from FY14
  • SingTel : Div Policy – 60% to 75% of Underlying Net Profit

 

June 2015

.

 

STI = 3317.33 (+37.15 ; -74.78 for the Mth)

Stock

Period

EPS cts

DPS cts

Mkt

Yield

PE

Div Breakdown

Hong Leong Fin

FY14 (Dec)

14.17

10.00

$2.550

3.922%

18.00

Interim 4ct ; Final 6ct

SGX

FY14 (Jun)

30

28

$7.830

3.576%

26.10

Q1, Q2, Q3 4ct ; Q4 4ct +12ct

SingPost

FY15 (Mar)

6.849

6.25

$1.895

3.298%

27.67

Q1, Q2, Q3 1.25ct ; Q4 2.5ct

SPH

FY14 (Aug)

25

21

$4.080

5.147%

16.32

Interim 7ct ; Final 8ct + Special 6ct

Note : SGX Added from May-14 ; Q4 Variable Div Depends on FY EPS


Aviation Services

Stock

Period

EPS cts

DPS cts

Mkt

Yield

PE

Div Breakdown

SATS

FY15 (Mar)

17.50

14.0

$3.690

3.794%

21.09

Interim 5ct ; Final 9ct

SIA Engineering

FY15 (Mar)

16.36

14.5

$3.840

3.776%

23.47

Interim 6ct ; Final 8.5ct

ST Engineering

FY14 (Dec)

17.06

15.0

$3.300

4.545%

19.34

Interim 4ct ; Final 4ct + Special 7ct

Note : SIAEC Special Div is Observed to be Non-Recurring (Depends on Excess Cash)


Transport

Stock

Period

EPS cts

DPS cts

Mkt

Yield

PE

Div Breakdown

SBSTransit

FY14 (Dec)

4.62

2.30

$1.800

1.278%

38.96

Interim 1.25ctct ; Final 1.75ct

ComfortDelGro

FY14 (Dec)

13.29

8.25

$3.130

2.636%

23.55

Interim 3.75ct ; Final 4.5ct

SMRT

FY15 (Mar)

6.00

3.25

$1.540

2.110%

25.67

Interim 1.5ct ; Final 1.75ct




TELCO

Stock

Period

EPS cts

DPS cts

Mkt

Yield

PE

Div Breakdown

SingTel

FY15 (Mar)

23.73

17.5

$4.210

4.157%

17.74

Interim 6.8ct ; Final 10.7ct

M1

FY14 (Dec)

18.9

18.9

$3.240

5.833%

17.14

Interim 7ct ; Final 11.9ct

StarHub

FY14 (Dec)

21.50

20

$3.950

5.063%

18.37

Q1 5ct ; Q2 5ct ; Q3 5ct ; Q4 5ct




Infrastructure

Stock

Period

DPS cts

Mkt

Yield

NAV

Div Breakdown

AusNetServices

2H – Mar15

A4.18 (Gross)

$1.435

6.014%

A$0.82

1H15 A4.18ct ; 2H15 A4.18ct

* SPAus DPU in A$. Yield is Calculated Using Latest Exchange Rate (1.0323) fm Yahoo

NOTES :

  • Mkt Price is as on 30-Jun-15
  • StarHub : Q115 (Mar) – 5ct
  • AusNet : 1H15 (Sep14) – A4.18ct = A2.2ct (Franked) + A1.98ct (Interest – Subject to 10% Tax) ; 2H15 (Mar15) – A4.18ct = A2.2ct (Franked) + A1.98ct (Interest – Subject to 10% Tax)
  • SingTel : 2H15 (Mar15) – Final 10.7ct ; 1H15 (Sep14) – Interim 6.8ct
  • SATSvcs : 2H15 (Mar15) – Final 9ct ; 1H15 (Sep14) – Interim 5ct
  • SingPost : Q415 (Mar15) – 2.5ct ; Q315 (Dec14) – 1.25ct ; Q215 (Sep14) – 1.25ct ; Q115 (Jun14) – 1.25ct
  • SIAEC : 2H15 (Mar15) – Final 8.5ct ; 1H15 (Sep14) – Interim 6ct
  • SMRT : 1H15 (Sep14) – Final 1.75ct ; 1H15 (Mar15) – Interim 1.5ct
  • SGX : Q315 (Mar15) – 4ct ; Q215 (Dec14) – 4ct ; Q115 (Sep14) – 4ct
  • SPH : 1H15 (Feb) – Interim 7ct
  • ST Engg : 2H14 (Dec) – 4ct (Final) + 7ct (Special) ; 1H14 (Jun) – 4ct / Payout = 88% (Not Reduced to 75% altho’ guided in Annc During FY13 Results)
  • HLFin : 2H14 (Dec) – 6ct ; 1H14 (Jun) – 4ct
  • StarHub : FY15 Div Guidance – 5ct/Q
  • M1 : 2H14 (Dec) – Final 11.9ct ; 1H14 (Jun) – Interim 7ct
  • ComfortDelgro : 2H14 (Dec) –4.5ct ; 1H14 (Jun) –3.75ct
  • SBSTransit : 2H14 (Dec) – 1.05ct ; 1H14 (Jun) – 1.25ct
  • SPAus : FY15 Guidance = A8.36ct Gross
  • ST Engg : Dividend Payout Reduced from 90% to 80% for FY13 & Will Be Further Reduced to 75% from FY14
  • SingTel : Div Policy – 60% to 75% of Underlying Net Profit

May 2015

 
 

Results Announcement

  • 12 May 15 : SBSTransit (Q115) – EPS 1.54ct vs 1.07ct (Q114)
  • 12 May 15 : SingPost (Q415) – EPS 1.625ct vs 1.42ct (Q414) / 6.849ct (FY15) vs 6.746ct (FY14) ; Div 2.5ct / 6.25ct (FY15) – Same as FY14
  • 12 May 15 : SIAEC (Q415) – EPS 3.69ct vs 5.85ct (Q414) / 16.36ct (FY15) vs 23.88ct (FY14) ; Div 8.5ct vs 18ct (2H14) / 14.5ct (FY15) vs 25ct (FY14)
  • 13 May 15 (AM) : STEng (Q115) – EPS 4.17ct vs 4.41ct (Q114)
  • 13 May 15 : ComfortDelgro (Q115) – EPS 3.16ct vs 2.98ct (Q114)
  • 14 May 15 (AM) : SATS (Q415) – EPS 4.7ct vs 3.8ct (Q414) / 17.5ct (FY15) vs 16.1ct (FY14) ; Div 9ct vs 8ct (2H14) / 14ct (FY15) vs 13ct (FY14)
  • 14 May 15 (AM) : Singtel (Q415) – EPS 5.89ct vs 5.64ct (Q414) / 23.73ct vs 22.92ct (FY14) ; Div 10.7ct vs 10ct (2H14) ; 17.5ct (FY15) vs 16.8ct (FY14)
  • 14 May 15 (AM) : AusNet (2H15) – Div A4.18ct = Franked A2.2ct + Interest A1.98ct (Subject to 10% Tax)
  • 15 May 15 : Starhub (Q115) – EPS 4.3ct vs 4.9ct (Q114) ; Div 5ct (No Change)

 

 

STI = 3392.11 (-33.85 / -95.28 for the Mth)

Stock

Period

EPS cts

DPS cts

Mkt

Yield

PE

Div Breakdown

Hong Leong Fin

FY14 (Dec)

14.17

10.00

$2.590

3.861%

18.28

Interim 4ct ; Final 6ct

SGX

FY14 (Jun)

30

28

$8.430

3.321%

28.10

Q1, Q2, Q3 4ct ; Q4 4ct +12ct

SingPost

FY15 (Mar)

6.849

6.25

$1.885

3.316%

27.52

Q1, Q2, Q3 1.25ct ; Q4 2.5ct

SPH

FY14 (Aug)

25

21

$4.160

5.048%

16.64

Interim 7ct ; Final 8ct + Special 6ct

Note : SGX Added from May-14 ; Q4 Variable Div Depends on FY EPS


Aviation Services

Stock

Period

EPS cts

DPS cts

Mkt

Yield

PE

Div Breakdown

SATS

FY15 (Mar)

17.50

14.0

$3.390

4.130%

19.37

Interim 5ct ; Final 9ct

SIA Engineering

FY15 (Mar)

16.36

14.5

$3.910

3.708%

23.90

Interim 6ct ; Final 8.5ct

ST Engineering

FY14 (Dec)

17.06

15.0

$3.400

4.412%

19.93

Interim 4ct ; Final 4ct + Special 7ct

Note : SIAEC Special Div is Observed to be Non-Recurring (Depends on Excess Cash)


Transport

Stock

Period

EPS cts

DPS cts

Mkt

Yield

PE

Div Breakdown

SBSTransit

FY14 (Dec)

4.62

2.30

$1.880

1.223%

40.69

Interim 1.25ctct ; Final 1.75ct

ComfortDelGro

FY14 (Dec)

13.29

8.25

$3.060

2.696%

23.02

Interim 3.75ct ; Final 4.5ct

SMRT

FY15 (Mar)

6.00

3.25

$1.600

2.031%

26.67

Interim 1.5ct ; Final 1.75ct




TELCO

Stock

Period

EPS cts

DPS cts

Mkt

Yield

PE

Div Breakdown

SingTel

FY15 (Mar)

23.73

17.5

$4.130

4.237%

17.40

Interim 6.8ct ; Final 10.7ct

M1

FY14 (Dec)

18.9

18.9

$3.220

5.870%

17.04

Interim 7ct ; Final 11.9ct

StarHub

FY14 (Dec)

21.50

20

$4.020

4.975%

18.70

Q1 5ct ; Q2 5ct ; Q3 5ct ; Q4 5ct




Infrastructure

Stock

Period

DPS cts

Mkt

Yield

NAV

Div Breakdown

AusNet Services

2H – Mar15

A4.18 (Gross)

$1.570

5.488%

A$0.82

1H15 A4.18ct ; 2H15 A4.18ct

* SPAus DPU in A$. Yield is Calculated Using Latest Exchange Rate (1.0306) fm Yahoo

NOTES :

  • Mkt Price is as on 29-May-15
  • StarHub : Q115 (Mar) – 5ct
  • AusNet : 1H15 (Sep14) – A4.18ct = A2.2ct (Franked) + A1.98ct (Interest – Subject to 10% Tax) ; 2H15 (Mar15) – A4.18ct = A2.2ct (Franked) + A1.98ct (Interest – Subject to 10% Tax)
  • SingTel : 2H15 (Mar15) – Final 10.7ct ; 1H15 (Sep14) – Interim 6.8ct
  • SATSvcs : 2H15 (Mar15) – Final 9ct ; 1H15 (Sep14) – Interim 5ct
  • SingPost : Q415 (Mar15) – 2.5ct ; Q315 (Dec14) – 1.25ct ; Q215 (Sep14) – 1.25ct ; Q115 (Jun14) – 1.25ct
  • SIAEC : 2H15 (Mar15) – Final 8.5ct ; 1H15 (Sep14) – Interim 6ct
  • SMRT : 1H15 (Sep14) – Final 1.75ct ; 1H15 (Mar15) – Interim 1.5ct
  • SGX : Q315 (Mar15) – 4ct ; Q215 (Dec14) – 4ct ; Q115 (Sep14) – 4ct
  • SPH : 1H15 (Feb) – Interim 7ct
  • ST Engg : 2H14 (Dec) – 4ct (Final) + 7ct (Special) ; 1H14 (Jun) – 4ct / Payout = 88% (Not Reduced to 75% altho’ guided in Annc During FY13 Results)
  • HLFin : 2H14 (Dec) – 6ct ; 1H14 (Jun) – 4ct
  • StarHub : FY15 Div Guidance – 5ct/Q
  • M1 : 2H14 (Dec) – Final 11.9ct ; 1H14 (Jun) – Interim 7ct
  • ComfortDelgro : 2H14 (Dec) –4.5ct ; 1H14 (Jun) –3.75ct
  • SBSTransit : 2H14 (Dec) – 1.05ct ; 1H14 (Jun) – 1.25ct
  • SPAus : FY15 Guidance = A8.36ct Gross
  • ST Engg : Dividend Payout Reduced from 90% to 80% for FY13 & Will Be Further Reduced to 75% from FY14
  • SingTel : Div Policy – 60% to 75% of Underlying Net Profit