DOCSLIB.ORG

TRAN5FORMATION for a NEW GENERATION ANNUAL REPORT 2020 TRAN5FORMATION for a NEW GENERATION the World Is Changing As Global Economies Evolve at an Accelerated Pace

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
TRAN5FORMATION for a NEW GENERATION ANNUAL REPORT 2020 TRAN5FORMATION for a NEW GENERATION the World Is Changing As Global Economies Evolve at an Accelerated Pace TRAN5FORMATION FOR A NEW GENERATION ANNUAL REPORT 2020 TRAN5FORMATION FOR A NEW GENERATION The world is changing as global economies evolve at an accelerated pace. In today’s dynamic digital economy, being fast is not enough — we need to be smarter. At StarHub, we are constantly refining our edge and innovating new ways to elevate the digital lifestyles of a new generation. That is why we are committed to powering the future of telecommunications as the first service provider in Singapore to launch our 5G non-standalone network. Now, more than ever, connectivity and communication will empower the way we live, work and play. We are paving the way forward today by staying future-ready. STRATEGY Transformation Roadmap 10 Chairman’s Message 12 StarHub At a Glance 18 In Discussion with Senior Executives 20 Significant Events 29 Value Creation 30 Awards and Industry Honours 32 BUSINESS REVIEW Consumer 34 Enterprise 40 Group Financial Review 46 GOVERNANCE Board of Directors 54 Directors’ Particulars 60 Senior Executives 62 Corporate Governance 68 Corporate Infomation 99 Risk Management 100 Investor Relations 106 SUSTAINABILITY Sustainability Report 108 FINANCIALS FY2020 Financial Statements 175 Directors’ Statement 176 Independent Auditors’ Report 184 Statements of Financial Position 190 Consolidated Income Statement 191 Consolidated Statement of Comprehensive Income 192 Statements of Changes in Equity 193 Consolidated Cash Flow Statement 199 Notes to the Financial Statements 200 ADDITIONAL INFORMATION Interested Person Transactions and Material Contracts 280 Shareholding Information 282 Notice of Annual General Meeting 284 Additional Information on Directors Seeking Re-election 290 Proxy Form Annual Report 2020 1 SPARKING GREATER TRANSFORMATION Reigniting the challenger spirit, optimising efficiencies and accelerating value creation. D.A.R.E. Transformation 82% Executed Maintained position as Singapore’s fastest telco (IMDA IMconnected Report, H1 2020) REDEFINING EVERYDAY EXPERIENCES An unparalleled customer experience through digitalisation, innovation and personalisation. Zero-touch products & customer journey Launched StarHub TV+, a big leap forward for Pay TV content delivery transformation Quicker time-to-market & agility to compete in a dynamic market PURSUING CONTINUOUS GROWTH Our relentless pursuit for growth through new and emerging opportunities, deepening our reach and achieving greater diversification. Acquired Strateq, bolstering Enterprise capabilities and furthering regional diversification ambitions Sustained strong Cybersecurity growth of +51.4% YoY EMPOWERING THE FUTURE The future is 5G. We will ride on our pre-eminent position to enable new innovations and capture emerging opportunities, empowering consumers and businesses alike. First in Singapore; Widest nationwide 5G NSA coverage; Integrated experience Efficient deployment: Singapore’s first shared active radio network Establish 5G edge through strategic partnerships and active Enterprise trials EMPOWERING THE FUTURE D.A.R.E. TRANSFORMATION 82% EXECUTED As at FY2020, unless otherwise stated. FY2019-2021 Expected Savings & Reinvestment 36% 100% Reinvestment 83% 25% 23% -17% >$210M 39% 20% Workforce Operational TV Operations Total Digitalisation & Expected Optimisation Efficiencies & Content Savings Transformation Savings Initiatives Planned Executed DELIVERING ACCELERATING REALISING ENHANCING Market-Leading Value Creation From Growth From Efforts To Customer Experiences Core Businesses New Opportunities Transform Digitally • First to launch 5G NSA • Ongoing digitalisation and • 51.4% YoY Cybersecurity • Approximately 5 times in Singapore with widest simplification of processes revenue growth in FY2020 YoY growth in giga! nationwide coverage1 to drive operational subscriber base; • $33.2M revenue efficiencies Maintained highest NPS contribution from Strateq • Strong traction for in market experiential 5G Mobile+ • 11.8% incremental YoY following completion of and Biz+ plans reduction in Opex acquisition in July 2020 • Commenced IT Transformation in • Pursue strategic • Sustained momentum • More than $210M savings 3Q2020, which will partnerships to empower for transparent 4G Hello identified; 82% executed form the backbone new 5G experiences for Change plans (majority of to StarHub’s digital postpaid subscriber base) • Made further inroads to consumers convert Pay TV content strategy • StarHub TV+ marks providers to a variable cost • Active trials with enterprise significant leap forward model customers, industry and for Pay TV content tech partners to develop • Greater procurement delivery transformation 5G use cases savings from renegotiation • Continue to seek growth • 24.5% YoY incremental of expiring contracts opportunities through improvement in NPS • Established strategic synergistic M&A for • Matured chatbot as partnerships with global greater diversification an online touchpoint partners to augment and to bolster Enterprise to automate customer Enterprise network capabilities support with over 80% offerings accuracy 1 As at September 2020. 10 STARHUB LTD IT & DIGITAL TRANSFORMATION STRATEGY IT TRANSFORMATION ENABLING DIGITAL TRANSFORMATION Commenced in 3Q2020 Simple Digital-First Products Flexible and Modular REVIEW BUSINESS IT Architecture Leading Digital Customer Experiences Cloud Scaling Lean and Automated Processes Data and AI-Driven Monetisation Low / No Code Agile Operating and Delivery Model GOVERNANCE KEY OBJECTIVES 2 3 4 Personalised, Predictive Extract Value From Faster Time-To-Market; Simplify Processes & 1 Customer Experience; Rich Data Assets; Scalability & Flexibility Operations; Improve Zero-Touch Products & Product-Driven Design Cost Efficiency Customer Journey FY2020 ACHIEVEMENTS POTENTIAL COST SAVINGS SUSTAINABILITY Leading Digital Customer Experiences Opportunities Identified • Lower commission cost with increased DIGITAL SALES migration to online touchpoints • Lower operating leases with a more effective +32% >60% retail footprint Digital Sales Conversion Rate • Lower staff costs from simplified and 2 Improvement recorded Transaction streamlined processes, rightsourcing and YoY Growth after consumer digital sales journey simplication embracing digitalisation • Lower repairs & maintenance expenses and DIGITAL SERVICE licence fees FINANCIALS • Sustainable mid-to-long term IT support cost >12% >3M savings Monthly Service Transactions • Further cost savings to be identified with 2 (App & Web service Active Users ongoing process and organisation reviews YoY Growth platforms) 2 As at 31 December 2020. Annual Report 2020 11 CHAIRMAN’S MESSAGE WE EMBRACED THE STARHUB “CHALLENGER SPIRIT AND PRESSED ON WITH THE RELENTLESS“ EXECUTION OF OUR D.A.R.E. STRATEGY. Steven Terrell Clontz Chairman 12 STARHUB LTD STRATEGY DEAR SHAREHOLDERS, FY2020 was a year like no other. We embraced 50-50 joint venture company to secure one of the StarHub challenger spirit and pressed on Singapore’s 5G licences and spectrum rights. REVIEW BUSINESS with the relentless execution of our D.A.R.E. Subsequently, StarHub was the first to bring strategy, despite the extraordinary events and 5G non-standalone services to Singapore unprecedented COVID-19 related challenges with the widest nationwide coverage1. Our that unfolded over the past 12 months, integrated, experiential 5G Mobile+ plans remaining focused on our core values and continue to gain traction with consumers objectives. seeking greater speed and lower latency, exceeding internal targets. We achieved significant corporate milestones to strengthen our competitive edge. We bolstered The introduction of StarHub TV+ marked our service and product offering and diversified a significant leap forward for our Pay our geographical presence with the acquisition TV content transformation, combining of Strateq. We made good progress on our IT traditional linear TV and over-the-top (“OTT”) and Pay TV transformation initiatives to better services onto a single hybrid platform, GOVERNANCE serve the needs of our customers across providing customers with a breadth of our digital platforms. We also intensified our entertainment options. Our efforts continue support extended to customers, stakeholders to gain positive traction in the market, and and the community during this period, enabling we will look to bring on more OTT partners us to surmount the challenging period together. to our platform in 2021. UNRELENTING COMMITMENT TO Our heightened focus on Accelerating value TRANSFORMATION creation from core businesses through digitalisation and simplification of processes In FY2019, we launched our D.A.R.E. elevated operational efficiencies across the Transformation programme, identifying over Group, reaped greater procurement savings, $210 million in cost optimisation initiatives and made further inroads to convert our Pay SUSTAINABILITY over a three-year period. Capital unlocked TV content providers from a fixed-fee model through strategic initiatives was redeployed to a variable per-user fee model, affording into digitalisation strategies and growth greater flexibility and scalability. opportunities to ensure StarHub’s future competitiveness and relevance. Realising growth from new opportunities continues to be an area of focus. In July As at 31 December 2020, we have executed 2020, we completed the acquisition of 82% of this cost optimisation programme. Strateq, a leading data-driven IT solutions We continue to identify other areas of growth provider, strengthening our portfolio to opportunities and cost efficiencies, and
Load more

Recommended publications
  • Singapore Supplementary Budget
    Singapore Market Focus Singapore Supplementary Budget Refer to important disclosures at the end of this report DBS Group Research . Equity 27 Mar 2020 Unprecedented anti-viral boost STI : 2,487.56 • Dishing out total handouts of S$55bn, a whopping 11% of GDP • Significant cost savings of 4% cushions STI earnings decline to 5% for 2020F Analyst • Booster shot to Aviation-related, hospitality and retail sectors Janice CHUA +65 6682 3692; [email protected] • Key beneficiaries are SATS, SIA Engineering, Genting, Starhub, MINT, Kee Yan YEO, CMT +65 6682 3706; [email protected] UOB, OCBC Andy SIM, CFA +65 6682 3718; [email protected] Dipping into reserves for an unprecedented relief package. The Singapore Research Team; [email protected] government’s relief package of S$48bn is generous and timely, blowing market expectations. Including February’s Care and Share package of Key Indices S$6bn, the total handout of S$55bn represents an unprecedented 11% of Current % Chng GDP, and more than double the relief package of S$20.5bn dished out STI Index 2,487.56 -0.7% during the Global Financial Crisis. Aimed at saving jobs and supporting FS Small Cap Index 244.02 4.5% industries, this will cushion the recessionary impact as Singaporeans brave USD/SGD Curncy 1.43 -0.1% through this dark period. The impact is broad based, benefiting both Daily Volume (m) 445 consumers and corporates. Daily Turnover (S$m) 676 Lifeline for aviation-related and hospitality industries, which are directly hit Daily Turnover (US$m) 473 by COVID-19. The absence of tourists with several countries in lockdown Source: Bloomberg Finance L.P.
    [Show full text]
  • 210427 Btchanginghands
    Changing hands Tracking fund flows in the Singapore stock market Week of April 19, 2021 I Institutional investors net buy (+S$151.5m) vs (-S$214.0m) a week ago I Retail investors net buy (+S$134.7m) vs (+S$95.1m) a week ago Top 10 institution net buy Top 10 institution net sell STOCKS CODE (S$M) STOCKS CODE (S$M) DBS D05 51.3 SIA C6L (38.5) UOB U11 36.4 Thai Beverage Y92 (20.2) SGX S68 32.1 Wilmar International F34 (13.1) Sembcorp Industries U96 31.7 CapitaLand C31 (12.9) OCBC O39 30.2 SATS S58 (10.4) Singtel Z74 29.7 Frasers Centrepoint Trust J69U (10.2) ST Engineering S63 16.9 Suntec REIT T82U (8.4) Ascendas REIT A17U 11.2 NetLink NBN Trust CJLU (5.3) Yangzijiang Shipbuilding BS6 10.5 Aztech Global 8AZ (4.6) CapitaLand Integrated Comm Tr C38U 10.4 Venture Corporation V03 (3.9) Top 10 retail net buy Top 10 retail net sell STOCKS CODE (S$M) STOCKS CODE (S$M) SIA C6L 28.3 Sembcorp Industries U96 (34.8) CapitaLand C31 27.3 SGX S68 (17.6) Wilmar International F34 24.0 iFAST Corporation AIY (10.6) Thai Beverage Y92 18.9 Top Glove Corporation BVA (7.7) Keppel Corporation BN4 14.3 Yangzijiang Shipbuilding BS6 (6.8) Genting Singapore G13 11.9 OCBC O39 (5.1) Frasers Centrepoint Trust J69U 10.7 JEP Holdings 1J4 (4.8) Singtel Z74 10.7 Nanofilm Technologies International MZH (4.1) DBS D05 10.6 Riverstone Holdings AP4 (3.4) City Developments C09 10.5 ST Engineering S63 (3.2) Institutional investors’ net buy/sell by sector (S$m) OVERALL WEEK OF SGX SECTOR CLASSIFICATION CONSUMER CONSUMER ENERGY FINANCIAL HEALTH INDUSTRIALS MATERIALS REAL REITS TECH
    [Show full text]
  • Operating and Financial Review
    OPERATING AND FINANCIAL REVIEW > The SingTel Group is Asia’s leading communications group. We provide a wide spectrum of multimedia and ICT solutions, including voice, data and video services over fixed and wireless platforms. The Group is structured along three key businesses: Group Consumer, Group Digital L!fe and Group ICT. Our main operations are in Singapore and Australia. In Singapore, SingTel has more than 130 years of operating experience and played an integral part in the country’s development as a major communications hub. We continue to lead and shape the digital consumer market and the enterprise ICT market. Optus is an Australian leader in integrated telecommunications, driving competition and delivering innovative products and services to customers. We are a major player in Asia and Africa through our strategic investments in six regional mobile operators. The Group’s investments are in AIS (Thailand), Globe (the Philippines), PBTL (Bangladesh), Telkomsel (Indonesia) and Warid (Pakistan). We also have investments in Airtel (India), which has significant presence in Africa and South Asia. We are a long-term strategic investor and work closely with our associates to grow the business, by leveraging our scale in networks, customer reach and extensive operational experience. Together, the Group serves 445 million mobile customers as at 31 March 2012. In this section, we provide a strategic review of the SingTel Group’s operations and discuss the financial performance of the Group for the financial year ended 31 March 2012. CONTENTS
    [Show full text]
  • Capitaland Mall Trust
    Singapore Company Update CapitaLand Mall Trust Bloomberg: CT SP | Reuters: CMLT.SI Refer to important disclosures at the end of this report DBS Group Research . Equity 9 Sep 2020 BUY Brain Box Last Traded Price (8 Sep 2020): S$1.97 (STI : 2,504.76) (Our NEW Pilot Research Platform) is available to Institutional Investors on Demand. Please contact your DBSV Institutional Sales contact for a Price Target 12-mth: S$2.40 (22% upside) demonstration. Analyst Singapore Research Team [email protected] The dragon awakens Derek TAN +65 6682 3716 [email protected] Investment Thesis Merger benefits not priced in. CMT trades at attractive What’s New valuations at close to 1.0x P/NAV and an implied EV/GFA of Improving portfolio metrics not priced in as CMT is S$1,864, a good discount below recent transactions. With poised to surprise on the upside. forward yields of >6%, beyond 1 standard deviation of its mean, the risk-reward ratio is attractive. The proposed merger Portfolio of dominant retail malls to lead recovery; centrally located malls will benefit as more workers with CapitaLand Commercial Trust (CCT) will drive improved diversification and scale which have yet to be priced in. return to offices Portfolio metrics on an upswing. Shopper traffic is on an Attractive P/NAV of 1.0x; yield gap differential to peers too wide to ignore uptrend towards pre-COVID levels. Traffic at central malls to accelerate as workers gradually return to offices, providing the Maintain BUY, TP S$2.40 next re-rating catalyst. Widening yield disparity with retail peers too large to ignore.
    [Show full text]
  • The State of 5G Trials
    The State of Trials Courtesy of 5G Data Speeds Shows the highest claimed data speeds reached during 5G trials, where disclosed 36 Gb/s Etisalat 35.46 Gb/s Ooredoo 35 Gb/s M1 35 Gb/s StarHub 35 Gb/s Optus 20 Gb/s Telstra 20 Gb/s Vodafone UK 15 Gb/s Telia 14 Gb/s AT&T 12 Gb/s T-Mobile USA 11.29 Gb/s NTT DoCoMo 10 Gb/s Vodafone Turkey 10 Gb/s Verizon 10 Gb/s Orange France 9 Gb/s US Cellular 7 Gb/s SK Telecom 5.7 Gb/s SmartTone 5 Gb/s Vodafone Australia 4.5 Gb/s Sonera 4 Gb/s Sprint 2.3 Gb/s Korea Telecom 2.2 Gb/s C Spire 5G Trial Spectrum Shows the spectrum used by operators during 5G trials, where disclosed Telstra Optus NTTDoCoMo AT&T AT&T AT&T AT&T Verizon Vodafone Korea Vodafone Bell Vodafone StarHub UK Telecom Turkey Canada Turkey Sonera China SmarTone C Spire Verizon Mobile M1 Vodafone Sprint Korea Australia Telecom Optus Telia NTT DoCoMo Sprint Turkcell SK Telecom US Cellular T-Mobile USA Verizon US Cellular Verizon SUB 3 3.5 4.5 SUB 6 15 28 39 64 70 70-80 71-76 73 81-86 60-90 GHTZ Operator 5G Trials Shows the current state of 5G progress attained by operators Announced 5G trials Lab testing 5G Field testing 5G Operators that have announced timings of Operators that have announced Operators that have announced that they trials or publicly disclosed MoUs for trials that they have lab tested 5G have conducted 5G testing in the field Equipment Providers in 5G Trials Shows which equipment providers are involved in 5G trials with operators MTS T-Mobile USA SK Telekom Verizon Batelco Turkcell AT&T Bell Canada Sonera SmarTone Vodafone Orange BT Taiwan Germany Telia Mobile Telstra C Spire Vodafone US Cellular Vodafone Turkey M1 Australia MTS Ooredoo M1 NTT Docomo Optus Orange China StarHub Mobile Korea Telecom 5G trials with all five equipment providers Telefonica Deutsche Telekom Etisalat Telus Vodafone UK Viavi (NASDAQ: VIAV) is a global provider of network test, monitoring and assurance solutions to communications service providers, enterprises and their ecosystems.
    [Show full text]
  • Driving Sustainable Growth & Eport Annual Report & Accounts for the Year Ended 30 September 2013 a Ccounts for the Year Ended 30 S Eptember 2013
    TUI TRAVEL PLC TUI TRAVEL P TUI Travel House Crawley Business Quarter Fleming Way Crawley West Sussex L C RH10 9QL A Telephone: 0044 (0)1293 645700 nnual R Driving sustainable growth www.tuitravelplc.com eport & ANNUAL REPORT & AccOUNTS FOR THE YEAR ENDED 30 SEptEMBER 2013 A ccounts for the year ended 30 year the for ccounts S eptember 2013 TT14_TUI_AR13_Cover_AW.indd 1 13/12/2013 17:29 TT14 | AR 2013 | 12/12/2013 | Artwork TT14 | AR 2013 | 12/12/2013 | Artwork STRATEGIC REPORT 01 ifc Operational & financial highlights 02 Where we operate 04 TUI Travel at a glance 06 Our featured brands 08 Chairman’s statement 09 Chief Executive’s statement 10 Why we do it: Market overview Operational & financial highlights 12 How we do it: Our structure 14 How we do it: Our strategic framework and business models • Record underlying operating profit delivered; 2013 growth roadmap Revenue 16 How we do it: Our five strategic drivers target exceeded Our vision 26 How we do it: Sustainable development > Underlying operating profit of £589m (2012: £490m), an increase of 20% £15,051m 34 How we do it: Our people over the prior year. Underlying operating profit increase of 13% to £555m Making travel 2012: £14,460m +4% 38 How we measure it: on a constant currency* basis. Key performance indicators > Record Mainstream underlying operating profits of £514m (2012: £420m). experiences special… 42 What are the risks? Principal risks Underlying > Underlying UK operating profit growth of 27% to £251m (2012: £197m) See our ‘Strategic framework and business models’ on page 14 52 Health & Safety with an operating margin increase of 110bp to 6.5%.
    [Show full text]
  • Olam International
    Singapore Company Guide Olam International Version 6 | Bloomberg: OLAM SP | Reuters: OLAM.SI Refer to important disclosures at the end of this report DBS Group Research . Equity 16 May 2017 HOLD Holding tight Last Traded Price ( 15 May 2017): S$1.99 (STI : 3,264.21) Limited upside for now. We maintain our HOLD call on Olam Price Target 12-mth: S$2.15 (8% upside) (Prev S$2.12) International (Olam) with a revised TP of S$2.15. Olam appears to have successfully integrated the US$1.2bn acquisition of ADM Analyst Cocoa, and is on track to achieve positive free cash flow to Mervin SONG CFA +65 6682 3715 [email protected] firm/equity by the year end. However, with limited upside to our TP, we believe the stock will remain range bound. In addition, with return on equity (ROE) still suboptimal, a re-rating beyond its What’s New average PE multiple of 16x implied by our TP is unlikely at this 1Q17 core profit up 4% y-o-y, in line with stage. expectations Where we differ – Sell calls unwarranted. Consensus has sell Strong contribution from Edible Nuts and Food ratings on Olam, which we believe is unwarranted. While Olam Staples divisions faces the challenges of declining cocoa prices and softer cocoa processing margins this year and still generates suboptimal Positive free cashflow stronger in 1Q17, on track returns, we believe the company should deliver decent EPS to achieve positive free cashflow to equity by year growth this year, given strong performance from Edible Nuts and end recovery at its Food Staples division.
    [Show full text]
  • Starhub's Service Specific Terms & Conditions Post-Paid Mobile Services
    STARHUB'S SERVICE SPECIFIC TERMS & CONDITIONS POST-PAID MOBILE PLANS, VALUE-ADDED SERVICES AND OTHERS STARHUB'S SERVICE SPECIFIC TERMS & CONDITIONS POST-PAID MOBILE SERVICES TABLE OF CONTENTS SECTION A: POST-PAID MOBILE SERVICES ......................................................................................................................................... 4 1. Basic terms and conditions ...................................................................................................................................................... 4 2. BlackBerry® Plans .................................................................................................................................................................... 12 3. Mobile Data Plans .................................................................................................................................................................... 13 4. Mobile Voice Plans ................................................................................................................................................................... 13 4.1 XS/S/M/L/XL Plans .................................................................................................................................................... 25 4.2 Lite Plan ....................................................................................................................................................................... 26 4.3 HD Voice & HD Voice+ ........................................................................................................................................
    [Show full text]
  • Annual Report 2018Opens in New Window
    DARE TO EVOLVE STARHUB LTD Annual Report 2018 Staying at the forefront of the industry requires us to constantly grow and evolve, and this priority has never been clearer. This year, we have engaged in an organisation-wide journey of transformation, backed by our strategic pillars to DARE: Deliver Market- Leading Customer Experiences, Accelerate Value Creation, Realise New Opportunities, and Enhance Digital Transformation. This year, our commitment to become more effective and efficient has grown stronger than ever before. This year, our journey has been made possible because we DARE to Evolve. CORPORATE PROFILE VISION MISSION CORE VALUES StarHub is a leading Inspiring Digital Innovation Leading, innovative ExCITe: homegrown Singapore – Improving the lives of our provider of communications, Excellence, company that delivers world- customers daily. information and Creativity, class communications, entertainment services, Integrity, entertainment and digital enabling consumers and Teamwork solutions. enterprises in Singapore to benefit from digital transformation. OVERVIEW WHAT’S IN STORE As an integrated infocommunications company, we create value when we integrate our relationships with all stakeholders. For more details, go to page 18 > STRATEGY STRATEGY OVERVIEW At a Glance 10 STRATEGY Chairman’s Message 12 Significant Events 16 Value Creation 18 Enhancing the Customer Experience 20 Board of Directors 22 In Discussion with Senior Executives 28 PERFORMANCE Senior Executives’ Profiles 38 PERFORMANCE Consumer Hubbing in Review Consumer
    [Show full text]
  • Changing Hands Tracking Fund Flows in the Singapore Stock Market
    Changing hands Tracking fund flows in the Singapore stock market Week of April 12, 2021 I Institutional investors net sell (-S$214.0m) vs (-S$82.9m) a week ago I Retail investors net buy (+S$95.1m) vs (+S$2.4m) a week ago Top 10 institution net buy Top 10 institution net sell STOCKS CODE (S$M) STOCKS CODE (S$M) Singtel Z74 23.4 SIA C6L (108.1) DBS D05 14.1 CapitaLand C31 (26.1) SPH T39 13.0 Genting Singapore G13 (22.9) SGX S68 9.9 Venture Corporation V03 (20.4) OCBC O39 5.2 Sembcorp Industries U96 (14.2) ComfortDelGro C52 5.2 Keppel Corporation BN4 (13.7) Top Glove Corporation BVA 5.1 UOB U11 (11.3) CapitaLand Integrated Comm Trust C38U 4.8 Dairy Farm International D01 (10.3) First Resources EB5 2.8 Thai Beverage Y92 (9.4) Jardine Matheson J36 2.7 Jardine Strategic J37 (8.2) Top 10 retail net buy Top 10 retail net sell STOCKS CODE (S$M) STOCKS CODE (S$M) SIA C6L 113.8 Singtel Z74 (37.6) Genting Singapore G13 17.9 SGX S68 (28.3) CapitaLand C31 14.0 DBS D05 (20.4) Sembcorp Marine S51 13.4 OCBC O39 (19.2) Keppel Corporation BN4 11.3 SPH T39 (13.8) Dairy Farm International D01 10.5 Yangzijiang Shipbuilding BS6 (6.4) Thai Beverage Y92 9.1 Mapletree Logistics Trust M44U (6.2) Keppel DC Reit AJBU 8.4 Ascendas Reit A17U (5.5) AEM Holdings AWX 7.8 ComfortDelGro C52 (5.1) Sats S58 7.4 CapitaLand Integrated Comm Trust C38U (4.3) Institutional investors’ net buy/sell by sector (S$m) OVERALL WEEK OF SGX SECTOR CLASSIFICATION CONSUMER CONSUMER ENERGY FINANCIAL HEALTH INDUSTRIALS MATERIALS REAL REITS TECH TELCOS UTILITIES CYCLICALS NON- OIL & SERVICES
    [Show full text]
  • Board of Directors
    13 SINGAPORE TELECOMMUNICATIONS LIMITED Board of Directors SIMON ISRAEL • Non-executive and non-independent Director • Member, Optus Advisory Committee • Chairman, Singtel Board • Date of Appointment: Director on 4 Jul • Chairman, Finance and Investment Committee 2003 and Chairman on 29 Jul 2011 • Member, Corporate Governance and • Last Re-elected: 26 Jul 2013 Nominations Committee • Number of directorships in listed • Member, Executive Resource and companies (including Singtel): 4 Compensation Committee Mr Simon Israel, 63, is the Chairman of Singapore Post Limited and a Director of CapitaLand Limited, Fonterra Co-operative Group Limited and Stewardship Asia Centre Pte. Ltd. He is also a member of the Governing Board of Lee Kuan Yew School of Public Policy and Westpac’s Asia Advisory Board. Simon is a former Chairman of Asia Pacifi c Breweries Limited. Simon was an Executive Director and President of Temasek Holdings (Private) Limited before retiring on 1 July 2011. Prior to that, he was Chairman, Asia Pacifi c of the Danone Group. Simon also held various positions in Sara Lee Corporation before becoming President (Household & Personal Care), Asia Pacifi c. Simon was conferred Knight in the Legion of Honour by the French government in 2007 and awarded the Public Service Medal at the Singapore National Day Awards 2011. He holds a Diploma in Business Studies from The University of the South Pacifi c. CHUA SOCK KOONG • Executive and non-independent Director • Last Re-elected: 21 Jul 2015 • Member, Optus Advisory Committee • Number of directorships in listed • Date of Appointment: Director on 12 Oct companies (including Singtel): 2 2006 and Group Chief Executive Officer (CEO) on 1 Apr 2007 Ms Chua Sock Koong, 58, was appointed Group CEO on 1 April 2007.
    [Show full text]
  • Olam International
    Singapore Company Guide Olam International Version 7 | Bloomberg: OLAM SP | Reuters: OLAM.SI Refer to important disclosures at the end of this report DBS Group Research . Equity 1 Mar 2018 HOLD Positives priced in for now Last Traded Price ( 28 Feb 2018): S$2.25 (STI : 3,517.94) Limited upside for now. We maintain our HOLD call on Olam Price Target 12-mth: S$2.31 (3% upside) (Prev S$2.15) International (Olam) with a revised TP of S$2.31. Olam appears Analyst to have successfully integrated the US$1.2bn acquisition of Mervin SONG, CFA +65 6682 3715 [email protected] ADM Cocoa, and has achieved its target of positive free cash flow to firm/equity by end FY17. However, with limited upside to our TP, we believe the stock will remain range bound. In What’s New addition, with return on equity (ROE) still suboptimal, a re-rating • FY17 core profit up 23% y-o-y - above expectations beyond its average PE multiple of 16x implied by our TP is • Better than expected performance from edible nuts unlikely at this stage. • Achieves target of positive free cashflow to firm and Where we differ – Sell calls unwarranted. Consensus has sell equity ratings on Olam, which we believe is unwarranted. While Olam • Rewards shareholders with higher FY17 DPS of 7.5 Scts, still generates suboptimal returns, we believe the company up from 6.0 Scts in FY16 should deliver healthy 8% EPS growth in 2018, given continued maturity of the upstream assets, growth of in its Edible Nuts and recovery at its Confectionary & Beverage division.
    [Show full text]