Author: kktan

kktan August 4, 2016 SingPost Comments Off

StarHub : Q216 Results

kktan August 3, 2016 StarHub Comments Off

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

TELCO

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