June 2016

 

STI = 2735.39 (-58.46)

Stock

Period

Mkt

DPS cts

Yield

EPS cts

PE

Div Breakdown

SGX

FY15 (Jun)

$7.300

28.00

3.836%

32.60

22.39

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

SingPost

FY16 (Mar)

$1.455

7.00

4.811%

10.86

13.40

Q1, Q2, Q3 1.5ct ; Q4 2.5ct

SPH

FY15 (Aug)

$3.710

20.00

5.391%

20.00

18.55

Interim 7ct ; Final 8ct + Special 5ct

 

 

Aviation Services

Stock

Period

Mkt

DPS cts

Yield

EPS cts

PE

Div Breakdown

SATS

FY16 (Mar)

$4.080

15.00

3.676%

19.90

20.50

Interim 5ct ; Final 10ct

SIA Engineering

FY16 (Mar)

$3.640

14.00

3.846%

15.74

23.13

Interim 6ct ; Final 8ct

ST Engineering

FY15 (Dec)

$3.040

15.00

4.934%

17.05

17.83

Interim 5ct ; Final 5ct + Special 5ct

 

 

Transport

Stock

Period

Mkt

DPS cts

Yield

EPS cts

PE

Div Breakdown

SBSTransit

FY15 (Dec)

$2.410

2.70

1.120%

5.41

44.55

Interim 1.65ctct ; Final 1.05ct

ComfortDelGro

FY15 (Dec)

$2.670

9.00

3.371%

14.07

18.98

Interim 4ct ; Final 5ct

SMRT

FY16 (Mar)

$1.505

4.00

2.658%

7.17

20.99

Interim 1.5ct ; Final 2.5ct

 

 

TELCO

Stock

Period

Mkt

DPS cts

Yield

EPS cts

PE

Div Breakdown

SingTel

FY16 (Mar)

$3.820

17.50

4.581%

24.29

15.73

Interim 6.8ct ; Final 10.7ct

M1

FY15 (Dec)

$2.550

15.30

6.000%

19.10

13.35

Interim 7ct ; Final 8.3ct

StarHub

FY15 (Dec)

$3.540

20.00

5.650%

21.50

16.47

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

 

 

Banking & Finance

Stock

Period

Mkt

NBV

DPS

Yield

EPS

PE

Div Breakdown

DBS

Q116 (Mar)

$15.51

$16.39

$0.60

3.868%

$1.92

8.08

Interim 30ct ; Final 30ct

FY15 (Dec)

$15.82

$1.71

9.07

OCBC

Q116 (Mar)

$8.38

$8.20

$0.36

4.296%

$0.82

10.19

Interim 18ct ; Final 18ct

FY15 (Dec)

$8.03

$0.95

8.80

UOB

Q116 (Mar)

$17.85

$18.22

$0.70

3.922%

$1.84

9.70

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

FY15 (Dec)

$17.84

$1.94

9.20

Hong Leong Fin

Q116 (Mar)

$2.23

$3.84

$0.11

4.933%

$0.1311

17.01

Interim 4ct ; Final 7ct

FY15 (Dec)

$3.80

$0.1642

13.58

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

$1.585

A4.265

5.423%

A$0.82

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

* SPAus DPU in A$. Yield is Calculated Using Latest Exchange Rate (A$1 : S$1.0076) fm Yahoo

NOTES :

  • Mkt Price is as on 24-Jun-16
  • 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
  • SGX : Q316 (Mar16) – 5ct ; Q216 (Dec15) – 5ct ; Q116 (Sep15) – 5ct ; Dividend Policy 5ct/Q or 80% of Annual NPAT, whichever is Higher
  • 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

 

May 2016

Results Announcement

  • 5 May 16 : Starhub (Q116) – EPS 5.4ct vs 4.3ct (Q115) ; FCF 5.2ct ; Div 5ct (No Change)
  • 10 May 16 : SingPost (Q416) – EPS 4.36ct (due to Divestment Gains) vs 1.625ct (Q415) / 10.86ct (FY16) vs 6.849ct (FY15) ; Div = 2.5ct / 7ct (FY16) – same as FY15
  • 10 May 16 : SIAEC (Q416) – EPS 3.69ct vs 3.69ct (Q415) / 15.74ct (FY16) vs 16.36ct (FY15) ; Div = 8ct vs 8.5ct (2H15) / 14ct (FY16) vs 14.5ct (FY15)
  • 11 May 16 : SBSTransit (Q116) – EPS 2.61ct vs 1.54ct (Q115)
  • 12 May 16 (AM) : AusNet (2H16) – Updated
  • 12 May 16 (AM) : SingTel (Q416) – EPS 5.94ct vs 5.89ct (Q415) / 24.29ct (FY16) vs 23.73ct (FY15) ; Div 10.7ct / 17.5ct (FY16) – No Change
  • 12 May 16 : ComfortDelgro (Q116) – EPS 3.41ct vs 3.16ct (Q115)
  • 13 May 16 (AM) : STEng (Q116) – EPS 3.53ct vs 4.17ct (Q115)
  • 23 May 16 (AM) : SATS (Q416) – EPS 4.6ct vs 4.7ct (Q415) / 19.9ct vs 17.5ct (FY15) ; Div 10ct vs 9ct (2H15) / 15ct vs 14ct (FY15)

 

 

STI = 2791.06 (-5.69, -47.46 for May)

Stock

Period

Mkt

DPS cts

Yield

EPS cts

PE

Div Breakdown

SGX

FY15 (Jun)

$7.750

28.00

3.613%

32.60

23.77

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

SingPost

FY16 (Mar)

$1.600

7.00

4.375%

10.86

14.73

Q1, Q2, Q3 1.5ct ; Q4 2.5ct

SPH

FY15 (Aug)

$3.860

20.00

5.181%

20.00

19.30

Interim 7ct ; Final 8ct + Special 5ct

 

 

Aviation Services

Stock

Period

Mkt

DPS cts

Yield

EPS cts

PE

Div Breakdown

SATS

FY16 (Mar)

$4.160

15.00

3.606%

19.90

20.90

Interim 5ct ; Final 10ct

SIA Engineering

FY16 (Mar)

$3.790

14.00

3.694%

15.74

24.08

Interim 6ct ; Final 8ct

ST Engineering

FY15 (Dec)

$3.230

15.00

4.644%

17.05

18.94

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)

$2.740

9.00

3.285%

14.07

19.47

Interim 4ct ; Final 5ct

SMRT

FY16 (Mar)

$1.530

4.00

2.614%

7.17

21.34

Interim 1.5ct ; Final 2.5ct

 

 

TELCO

Stock

Period

Mkt

DPS cts

Yield

EPS cts

PE

Div Breakdown

SingTel

FY16 (Mar)

$3.870

17.50

4.522%

24.29

15.93

Interim 6.8ct ; Final 10.7ct

M1

FY15 (Dec)

$2.450

15.30

6.245%

19.10

12.83

Interim 7ct ; Final 8.3ct

StarHub

FY15 (Dec)

$3.530

20.00

5.666%

21.50

16.42

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

 

 

Banking & Finance

Stock

Period

Mkt

NBV

DPS

Yield

EPS

PE

Div Breakdown

DBS

Q116 (Mar)

$15.50

$16.39

$0.60

3.871%

$1.92

8.07

Interim 30ct ; Final 30ct

FY15 (Dec)

$15.82

$1.71

9.06

OCBC

Q116 (Mar)

$8.62

$8.20

$0.36

4.176%

$0.82

10.49

Interim 18ct ; Final 18ct

FY15 (Dec)

$8.03

$0.95

9.05

UOB

Q116 (Mar)

$18.22

$18.22

$0.70

3.842%

$1.84

9.90

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

FY15 (Dec)

$17.84

$1.94

9.39

Hong Leong Fin

Q116 (Mar)

$2.33

$3.84

$0.11

4.721%

$0.1311

17.77

Interim 4ct ; Final 7ct

FY15 (Dec)

$3.80

$0.1642

14.19

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

$1.565

A4.265

5.446%

A$0.82

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

* SPAus DPU in A$. Yield is Calculated Using Latest Exchange Rate (A$1 : S$0.9992) fm Yahoo

NOTES :

  • Mkt Price is as on 31-May-16
  • 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
  • SGX : Q316 (Mar16) – 5ct ; Q216 (Dec15) – 5ct ; Q116 (Sep15) – 5ct ; Dividend Policy 5ct/Q or 80% of Annual NPAT, whichever is Higher
  • 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