Showing posts with label starhub. Show all posts
Showing posts with label starhub. Show all posts

18 November 2016

StarHub 3Q16 - Sustainability Of Dividend Policy AT RISK



2/11/16

StarHub (STH SP)
3Q16: Sustainability Of Dividend Policy At Risk
  • Mobile  and  pay-TV  businesses  continued  to  be  under  pressure  while  residential broadband  and  fixed  enterprise  businesses  have  progressed  sideways.   Mobile revenue was down 3.6%  yoy  (post-paid:  -2.4%,  pre-paid:  -10.7%  yoy).   StarHub  lost  11,000  pay-TV subscribers,  the  fifth  consecutive  quarter  of  sequential  contraction. Net profit declined 27.5% yoy.
  • StarHub’s dividend policy of paying out 5 S cents per quarter and 20 S cents per year is at risk of downgrade as grants from NGNBN taper off and competition intensifies with the potential entry of a fourth mobile operator.
  • Maintain SELL. Lowered target price to S$2.40.
https://research.uobkayhian.com/content_download.jsp?id=36929&h=239960b9beb0a3e5097ab21c301bee18


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18 March 2016

Why YOU should choose Singtel

Morning,


Many friends are concerned about the upcoming 4th telco operator My Republic.

While Starhub is good for dividends, Singtel has a bigger market cap. Larger market cap translates to a stronger and more resilient company, able to withstand tougher operating environment. With a new player in the market, it translates to smaller market share for the existing 3 players.

To make matter worse, the existing 3 telcos have been slow in adapting and offering competitive subscription plans to their clients. In my views, this is how My Reb is able to gain entrance into the market, creating a niche for themselves. Furthermore Mr Rodrigues was a former Vice President of StarHub International & Wholesale.

My suggestion is to take some Singtel shares after you exit from Starhub. Dividends may be lower, but in exchange there will be capital gain. Capital gain is referred to the gains from the price increment of the stock price.

My 2 cents.


I have been busy these few weeks as I was attending some corporate events. Please also note that I will be away from 30th March till 9th April for my NS Reservist.







KEY HIGHLIGHTS

Update        

ST Engineering (STE SP/BUY/S$3.21/Target: S$3.60)


Rise of the Terrex.

At A Glance
Corporate

Singapore Exchange: China Merchants Group joins race to buy Baltic Exchange.

Swiber Holdings: Front runner for India turnkey job.


Sector

Property: Reprieve for property developers unlikely.

Economics

Economy: February NODX up 2.1% yoy but "purely arithmetic".

Economy: SME sentiment at neutral after 6 years of optimism.

This transmission has been issued by a member of the UOB Kay Hian Group for the information of the addressee only and should not be reproduced and/or distributed to any other person. Each page attached hereto must be read in conjunction with any disclaimer which forms part of it. Unless otherwise stated, this transmission is neither an offer nor the solicitation of an offer to sell or purchase any investment. Its comments are based on information obtained from sources believed to be reliable but UOB Kay Hian Group makes no representations and accepts no responsibility or liability as to its completeness or accuracy.
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04 March 2016

Why Should You BUY StarHub Shares with your CPF now?

At the point of writing, Starhub is trading at $3.400/3.410.

recently Starhub announced to retain the $0.20 dividend policy again.

Based on the past dividend history, it has been very consistent with no reductions, or fluctuations.



Dividend Yield(TTM) = 7.33%


Year Yield Amount Ex Date Pay Date Particulars
2015 7.33% SGD 0.05 2015-11-13 2015-11-27 SGD 0.05 ONE-TIER TAX
SGD 0.05 2015-08-13 2015-08-27 SGD 0.05 ONE-TIER TAX
SGD 0.05 2015-05-21 2015-06-05 SGD 0.05 ONE-TIER TAX
SGD 0.05 2015-04-30 2015-05-15 SGD 0.05
SGD 0.05 2015-04-30 2015-05-15 SGD 0.05 ONE-TIER TAX
2014 5.87% SGD 0.05 2014-11-11 2014-11-28 SGD 0.05 ONE-TIER TAX
SGD 0.05 2014-08-11 2014-08-28 SGD 0.05 ONE-TIER TAX
SGD 0.05 2014-05-14 2014-05-30 SGD 0.05 ONE-TIER TAX
SGD 0.05 2014-04-16 2014-04-30 SGD 0.05 ONE-TIER TAX
2013 5.87% SGD 0.05 2013-11-13 2013-11-29 SGD 0.05 ONE-TIER TAX
SGD 0.05 2013-08-14 2013-08-29 SGD 0.05 ONE-TIER TAX
SGD 0.05 2013-05-15 2013-05-30 SGD 0.05 ONE-TIER TAX
SGD 0.05 2013-04-17 2013-05-03 SGD 0.05 ONE-TIER TAX
2012 5.87% SGD 0.05 2012-11-08 2012-11-23 SGD 0.05 ONE-TIER TAX
SGD 0.05 2012-08-15 2012-08-31 SGD 0.05 ONE-TIER TAX
SGD 0.05 2012-05-10 2012-05-24 SGD 0.05 ONE-TIER TAX
SGD 0.05 2012-04-16 2012-04-30 SGD 0.05 ONE-TIER TAX
2011 5.87% SGD 0.05 2011-11-15 2011-11-30 SGD 0.05 ONE-TIER TAX
SGD 0.05 2011-08-18 2011-09-02 SGD 0.05 ONE-TIER TAX
SGD 0.05 2011-05-18 2011-06-02 SGD 0.05 ONE-TIER TAX
SGD 0.05 2011-04-19 2011-05-06 SGD 0.05 ONE-TIER TAX
2010 5.87% SGD 0.05 2010-11-23 2010-12-08 SGD 0.05 ONE-TIER TAX
SGD 0.05 2010-08-19 2010-09-03 SGD 0.05 ONE-TIER TAX
SGD 0.05 2010-05-20 2010-06-04 SGD 0.05 ONE-TIER TAX
SGD 0.05 2010-04-20 2010-05-07 SGD 0.05 ONE-TIER TAX
2009 5.43% SGD 0.05 2009-11-24 2009-12-09 SGD 0.05 ONE-TIER TAX
SGD 0.045 2009-08-18 2009-08-28 SGD 0.045 ONE-TIER TAX
SGD 0.045 2009-05-20 2009-06-04 SGD 0.045 ONE-TIER TAX
SGD 0.045 2009-04-20 2009-05-07 SGD 0.045 ONE-TIER TAX
2008 5.28% SGD 0.045 2008-11-17 2008-11-28 SGD 0.045 ONE-TIER TAX
SGD 0.045 2008-08-18 2008-08-29 SGD 0.045 ONE-TIER TAX
SGD 0.045 2008-05-20 2008-06-06 SGD 0.045 ONE-TIER TAX
SGD 0.045 2008-04-23 2008-05-09 SGD 0.045 ONE-TIER TAX
2007 4.40% SGD 0.04 2007-11-14 2007-11-29 SGD 0.04 ONE-TIER TAX
SGD 0.04 2007-08-16 2007-08-30 SGD 0.04 ONE-TIER TAX
- 2007-06-27 2007-07-12 PER CANCEL SH SGD 2.86
SGD 0.035 2007-05-22 2007-06-08 SGD 0.035 ONE-TIER TAX
SGD 0.035 2007-04-20 2007-05-09 SGD 0.035 ONE-TIER TAX
2006 3.08% SGD 0.03 2006-11-20 2006-12-05 SGD 0.03 ONE-TIER TAX
- 2006-09-01 2006-09-15 PER CANCEL SH SGD 2.13
SGD 0.025 2006-08-21 2006-09-01 SGD 0.025 ONE-TIER TAX
SGD 0.025 2006-05-25 2006-06-09 SGD 0.025 ONE-TIER TAX
SGD 0.025 2006-05-02 2006-05-18 SGD 0.025 ONE-TIER TAX
2005 1.91% SGD 0.025 2005-11-11 2005-11-25 SGD 0.025 ONE-TIER TAX
SGD 0.04 2005-08-24 2005-09-09 SGD 0.04 ONE-TIER TAX



Based on charts, StarHub seemed to have form 2 bases, 3.26 and 3.380+. Technically with 2 higher bases formed, it is a sign of uptrend  In my views, i believe starhub should rally to around 3.60+

On the other hand, if there were to be any adverse news or market conditions, starhub is still a good stock to hold for dividends. Starhub dividend yield is about 5.8+%, whereas CPF interest rate is about 3.5% Not to mention, there may be capital gains too, resulting to a possibility of a gain higher than 5.8%

Lastly, before you use CPF to buy into Starhub, please make sure:

1.        you have opened a CPF investment account. If so, please let me know your CPF Investment Account no if your trading profile is not undated.

2.        There is sufficient funds in your 'Available For Stocks' section




Of course there is not absolute way to do this. Either you can buy and hold for dividends, or you can buy and sell for profits, depending which gives you more money.

my 2 cents





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