July 2016

Results Anoouncement

  • 15 Jul 16 : M1 (Q216) – EPS 4.4ct vs 4.7ct (Q215) ; 9ct (1H16) vs 9.6ct (1H15) ; FCF 12.3ct (1H16) vs 6.91ct (1H15) ; Div = 7ct (no change)
  • 15 Jul 16 : SPH (Q316) – EPS 3ct vs 6ct (Q315) ; 12ct (9M16) vs 15ct (9M15)
  • 21 Jul 16 : SATS (Q117) – EPS 5.8ct vs 4.5ct (Q116)
  • 26 Jul 16 : SIAEC (Q117) – EPS 17.67ct (Due to Divestment) vs 3.68ct (Q116)
  • 27 Jul 16 : SGX (Q416) – EPS 7.2ct vs 9ct (Q415) ; 32.6ct (FY16) same as FY15 ; Div 5ct + 8ct ; 28ct (FY16) same as FY15
  • 28 Jul 16 (AM) : OCBC – EPS $0.849 vs $1.039 (Q215) ; $0.835 (1H16) vs $1.018 (1H15) ; Div 18ct (same)
  • 28 Jul 16 (AM) : UOB – EPS $1.94 vs $1.84 (Q215) ; $1.89 (1H16) vs $1.89 (1H15) ; Div 35ct (same)
  • 3 Aug 16 : Starhub
  • 4 Aug 16 : SingPost
  • 8 Aug 16 (AM) : DBS
  • 8 Aug 16 : SMRT
  • 11 Aug 16 (AM) : SingTel
  • 11 Aug 16 : SBSTransit
  • 12 Aug 16 : ComfortDelgro
  • 12 Aug 16 : STEng

 

 

 

STI = 2868.62 (-49.93 / +27.76 for July / -14.04 for 2016)

Stock

Period

Mkt

DPS cts

Yield

EPS cts

PE

Div Breakdown

SGX

FY16 (Jun)

$7.530

28.00

3.718%

32.60

23.10

Q1, Q2, Q3 5ct ; Q4 5ct +8ct

SingPost

FY16 (Mar)

$1.435

7.00

4.878%

10.86

13.21

Q1, Q2, Q3 1.5ct ; Q4 2.5ct

SPH

FY15 (Aug)

$3.780

20.00

5.291%

20.00

18.90

Interim 7ct ; Final 8ct + Special 5ct

 

 

Aviation Services

Stock

Period

Mkt

DPS cts

Yield

EPS cts

PE

Div Breakdown

SATS

FY16 (Mar)

$4.370

15.00

3.432%

19.90

21.96

Interim 5ct ; Final 10ct

SIA Engineering

FY16 (Mar)

$3.700

14.00

3.784%

15.74

23.51

Interim 6ct ; Final 8ct

ST Engineering

FY15 (Dec)

$3.290

15.00

4.559%

17.05

19.30

Interim 5ct ; Final 5ct + Special 5ct

 

 

Transport

Stock

Period

Mkt

DPS cts

Yield

EPS cts

PE

Div Breakdown

SBSTransit

FY15 (Dec)

$2.340

2.70

1.154%

5.41

43.25

Interim 1.65ctct ; Final 1.05ct

ComfortDelGro

FY15 (Dec)

$2.820

9.00

3.191%

14.07

20.04

Interim 4ct ; Final 5ct

SMRT

FY16 (Mar)

$1.630

4.00

2.454%

7.17

22.73

Interim 1.5ct ; Final 2.5ct

 

 

TELCO

Stock

Period

Mkt

DPS cts

Yield

EPS cts

PE

Div Breakdown

SingTel

FY16 (Mar)

$4.180

17.50

4.187%

24.29

17.21

Interim 6.8ct ; Final 10.7ct

M1

FY15 (Dec)

$2.620

15.30

5.840%

19.10

13.72

Interim 7ct ; Final 8.3ct

StarHub

FY15 (Dec)

$3.920

20.00

5.102%

21.50

18.23

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

 

 

Banking & Finance

Stock

Period

Mkt

NBV

DPS

Yield

EPS

PE

Div Breakdown

DBS

Q116 (Mar)

$15.41

$16.39

$0.60

3.894%

$1.920

8.03

Interim 30ct ; Final 30ct

FY15 (Dec)

$15.82

$1.710

9.01

OCBC

1H16 (Jun)

$8.60

$8.19

$0.36

4.186%

$0.835

10.30

Interim 18ct ; Final 18ct

FY15 (Dec)

$8.03

$0.952

9.03

UOB

1H16 (Jun)

$18.20

$18.16

$0.70

3.846%

$1.890

9.63

Interim 35ct ; Special Anniversay 20ct ; Final 35ct

FY15 (Dec)

$17.84

$1.940

9.38

Hong Leong Fin

Q116 (Mar)

$2.27

$3.84

$0.11

4.846%

$0.1311

17.32

Interim 4ct ; Final 7ct

FY15 (Dec)

$3.80

$0.1642

13.82

Note : Banks Added from May-16 ; EPS are Annualised Figures ; DPS + Breakdown are FY15 Figures

 

 

Infrastructure

Stock

Period

Mkt

DPS cts

Yield

NAV

Div Breakdown

AusNetServices

2H – Mar16

$1.765

A4.265

4.930%

A$0.82

1H16 A4.265ct ; 2H16 A4.265ct

* SPAus DPU in A$. Yield is Calculated Using Latest Exchange Rate (A$1 : S$1.020) fm Yahoo

NOTES :

  • Mkt Price is as on 29-Jul-16
  • SGX : Q416 (Jun16) – 5ct + 8ct ; Q316 (Mar16) – 5ct ; Q216 (Dec15) – 5ct ; Q116 (Sep15) – 5ct ; Dividend Policy No Less than 5ct/Q or 80% of Annual NPAT, whichever is Higher
  • SATSvcs : 2H16 (Mar16) – Final 10ct ; 1H16 (Sep15) – Interim 5ct
  • AusNet : 1H16 (Sep15) – A4.265ct (Franked) ; 2H16 (Mar16) – A4.265ct (Franked)
  • SingTel : 2H16 (Mar16) – Final 10.7ct ; 1H16 (Sep15) – Interim 6.8ct
  • SIAEC : 2H16 (Mar) – Final 8ct ; 1H16 (Sep15) – Interim 6ct
  • SingPost : Q416 (Mar) – 2.5ct ; Q316 (Dec15) – 1.5ct ; Q216 (Sep15) – 1.5ct ; : Q116 (Jun15) – 1.5ct
  • StarHub : Q116 (Mar) – 5ct
  • SMRT : 2H16 (Mar16) – Final 2.5ct ; 1H16 (Sep15) – Interim 1.5ct
  • SPH : 1H16 (Feb) – Interim 7ct
  • SBSTransit : 2H15 (Dec) – 1.05ct ; 1H15 (Jun) – 1.65ct
  • M1 : 2H15 (Dec) – Final 8.3ct ; 1H15 (Jun) – Interim 7ct
  • ST Engg : 2H15 (Dec) – 5ct (Final) + 5ct (Special) ; 1H15 (Jun) – 5ct / Payout = 88% (Not Reduced to 75% altho’ guided in Annc During FY13 Results)
  • HLFin : 1H15 (Jun) – 4ct ; 2H15 (Dec) – 7ct
  • StarHub : FY16 Div Guidance – 5ct/Q
  • ComfortDelgro 1H15 (Jun) – 4ct ; 2H15 (Dec) – 5ct
  • SPAus : FY16 Guidance = A8.53ct Gross
  • SingPost : Dividend Guidance for FY16 (Mar) = 7ct
  • 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