$

STEL

SINGTEL
STEL.SI
Last Price
3.16
07:09 GMT / 21 MAY 2019
Value Change [%]
0.02
[(0.64%)]
Volume
11,323,700
Open
3.15
Day's High
3.17
Year's High
3.54
Previous Close
3.14
Day's Low
3.14
Year's Low
2.83
Earnings Per Share
0.19
P/E Ratio
16.53
Lot Size
100
Div. Yield (%)
5.57
Dividend
0.18
Div. Pay Date
15 AUG 2019
Ex-Div. Date
26 JUL 2019
Last Trade
3.16
Last Trade Time (GMT)
07:09
Last Trade 2
3.16
Last Trade 3
3.16
Volume
11,323,700
Turnover
35,760,994
Bid
3.15
Bid Size
1,453,400
Ask
3.16
Ask Size
1,180,600
Close Bid
3.13
Close Ask
3.14
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Singapore Telecommunications Limited is engaged in the operation and provision of telecommunication systems and services, and investment holding. SingTel has three segments: Singapore; Australia, and Associates & Joint Ventures. In November 2011, it incorporated SSBI Pte. Ltd. in Singapore. In January 2012, it liquidated eight subsidiaries. In March 2012, it formed a wholly owned subsidiary, Acorn Acquisition Corp. In April 2012, it incorporated SingTel Digital L!fe Pte. Ltd. and SingTel Mobile Marketing Pte. Ltd. in Singapore, as well as a wholly owned subsidiary in Delaware, United States, which include SingTel Mobile Marketing, Inc., STDL Pte. Ltd. and STMM Pte. Ltd. In April 2012, it divested its entire 3.98% equity interest in Far EasTone Telecommunications Co., Ltd.

  • Market News
15 May 2019 - reuters.com
UPDATE 2-Singtel to keep lid on costs after lowest annual profit in 16 years
15 May 2019
source: reuters.com
    * Q4 net profit almost flat at S$773 mln 
    * Full-year net profit S$3.1 bln vs est S$3.08 bln
    * Sees cost savings of S$490 mln for FY2020 

 (Adds cost-saving target, share movement, and comments)
    SINGAPORE, May 15 (Reuters) - Singtel  STEL.SI  on Wednesday
posted its smallest annual profit in 16 years partly due to the
intense competition faced by its regional associates in India
and Indonesia, and the telecom operator said it would attempt to
keep a check on its expenses.
    Singapore Telecommunications Ltd, Southeast Asia's largest
telco, reported a net profit of S$773 million ($565 million) for
the quarter ended March, almost flat versus the year-ago period.
Its underlying net profit, which excludes exceptional items,
dropped 15% to S$697 million.    
    "Intense competition has affected the markets in India and
Indonesia this past year," Singtel CEO Chua Sock Koong said in a
statement. The company continued to be optimistic about the
growth potential of its associates' markets, she added.
    Analysts have previously said the company should seek to cut
some costs to boost margins.   
    Singtel said it would use digitalisation and automation to
improve customer experience and achieve a leaner cost structure,
and expects the initiatives to deliver cost savings and
avoidance of about S$490 million for fiscal year 2020. 
    The telecoms operator exceeded its cost-saving target and
achieved S$541 million for fiscal year 2019.
    The company reported a net profit of S$3.1 billion for the
year ended March versus S$5.47 billion a year ago, which had
included a divestment gain from the listing of its broadband
unit NetLink NBN Trust  NETL.SI .
    Analysts had an average estimate of S$3.08 billion for the
full-year net profit, according to Refinitiv data, which showed
the results marked Singtel's lowest headline profit since its
2003 fiscal year.   urn:newsml:reuters.com:*:nL4N22P2CE
    Underlying net profit for the year dived 21% to S$2.83
billion.
    OCBC analyst Joseph Ng said in a research note that
Singtel's fourth-quarter results were below his expectations. He
maintained his "buy" rating, but put its fair value estimate of
S$3.30 under review. 
    The group's consolidated revenue is expected to grow by a
mid-single digit and its consolidated earnings before interest,
tax, depreciation and amortisation (EBITDA) is forecast to be
stable for the year ending March 2020.
    The company's shares were trading nearly 1% lower at S$3.12
on Wednesday afternoon, while the broader market  .STI  was
almost flat.
    
    ($1 = 1.3687 Singapore dollars)

 (Reporting by Ambar Warrick and Aradhana Aravindan; Editing by
Richard Pullin, Stephen Coates and Sherry Jacob-Phillips)
 ((aradhana.aravindan@thomsonreuters.com; +65 6403 5659; Reuters
Messaging: aradhana.aravindan.thomsonreuters.com@reuters.net))
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