DOCSLIB.ORG

Singapore Stock Pulse

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Singapore Stock Pulse Daily Focus Singapore Stock Pulse Refer to important disclosures at the end of each report DBS Equity Research 10 Oct 2019 Market Cap: US$37,268m | Average Daily Value: US$70.43m Yeo Kee Yan, CMT [email protected] Singapore Research Team Last Traded Price: S$29.99; Price Target: S$33.20 (Upside 10.7%) Research Call Alert Sue Lin LIM / Rui Wen LIM • Stock to Watch: Singtel: Excessively high street numbers, unsustainable dividends Strong 1Q18; keep watch on dividends ahead • Ideas1Q18 ofearnings the Day were in line; topline driven largely from higher NIM; lower trading gains Actionableoffset some ideas revenues by our analysts based on macro, industry or corporate developments • StocksCredit to costsWatch at new low of 23bps, guidance at 20-25bps possibly towards the lower Singtel Starhub end; still some buffers noted under the Expected Credit Losses line for other assets HOLD HOLD Last Traded Price: S$3.14; Last Traded Price: S$1.31 • PricePositive Target outlook (12-mth) :ahead, S$3.12 (Prevtopline S$3.25) growth supportedPrice Target by(12 -lowermth): S$1.55 credit costs; dividends Downside 0.6% Upside 18.3% should be sustainable at S$1.00 per year and could head higher Excessively high street numbers, unsustainable Tapping on Airtrunk dividends • Ties up with AirTrunk, a hyperscale data centre • •Maint Trimain FY20F/21F BUY; TP earnings at S$33.20 by 5%/3%, (1.5x FY18 BV);specialist, higher to provide dividends data centreand lowerservices credit from bringing us 10%8% below consensus the latter’s new 60MW centre in Loyang costs are• upsideWe estimate risks that Singtel may reduce • Services are scheduled to be launched by mid- dividend per share to 13-15 Scts in FY21F 2020 and aims to meet the growing demands to maintain its credit rating of businesses such as e-gaming and e- Read more..DBS• Maintain Group HOLD withResearch. a lower EquityTP of S$3.12 commerce providers • Maintain HOLD with a TP of S$1.55 30 Read more… Sembcorp Marine Frasers Property Ltd DBS EquityBUY Research BUY 5 June 2018 Last Traded Price: S$1.19 Last Traded Price: S$1.76 Price Target (12-mth): S$1.90 Price Target (12-mth): S$2.30 Market Cap: US$37,268m | Average Daily Value: US$70.43m Upside 59.7% Upside 30.7% Last TradedDivestment Price: S$29.99; of JV Price Target: S$33.20JV (Upsidesells Austr 10.7%)alian reta il assets • Disposed its 50% interest in Pacific • Frasers Property Australia and its JV partner Workboats Pte Ltd (PWPL) for S$937,660 Sekisui House Australia have sold 3 retail Sue Lin LIM / Rui Wen LIM Strong 1Q18; keep watch on dividends ahead ed: JS• / sa: PY, CS 1Q18 earnings were in line; topline driven largely from higher NIM; lower trading Daily Focus Singapore Stock Pulse • PWPL offers harbour services in Singapore assets in their mixed-use Central Park and across the region project for S$162.4m • Divestment is part of Sembcorp’s plan to • Final sale price was in line with expectations renew and operate its tugboat fleet based for the JV partners as they had put the retail on its own proprietary LNG-hybrid tug assets up for sale in April, and had expected design to bag around A$170m • Maintain BUY with a TP of S$1.90 DBS Equity Picks Our stock picks aim to help investors build a portfolio of Singapore stocks, based on their risk profiles. Stock picks are based on sectoral, fundamental, and technical analysis Blue Chips City Developments Keppel Corporation BUY BUY Last Traded Price: S$9.750 Last Traded Price: S$5.900 Price Target (12-mth): Price Target (12-mth): S$8.50 S$11.00 Upside 44.1% Upside 12.8% Growth Jumbo Group BUY Last Traded Price: S$0.375 Price Target (12-mth): S$0.47 Upside 25.7% Dividends Ascott Residence Trust CDL Hospitality Trusts Sheng Siong Group Ltd BUY BUY BUY Last Traded Price: S$1.310 Last Traded Price: S$1.640 Last Traded Price: S$1.150 Price Target (12-mth): S$1.45 `Price Target (12-mth): S$1.80 Price Target (12-mth): S$1.32 Upside 10.7% Upside 9.8% Upside 14.9% Dividend Yield (FY19): 5.6% Dividend Yield (FY19): 5.4% Dividend Yield (FY19): 3.1% Page 2 Daily Focus Singapore Stock Pulse Straits Times Index Year End Objective: 3,380 Support Current Resistance level Level 3,080 3,115 3,090 3,030 3,150 Source: DBS Bank, Bloomberg Finance L.P. 10 most active traded STI component stocks Prices as of Mkt Cap Company 9 Oct 19 Sector (S$m) Volume Golden Agri-Resources Ltd 0.210 Consumer Goods 2,674 68,721,000 Yangzijiang Shipbuilding Holdings Ltd 0.925 Industrial 3,626 53,516,500 Singapore Telecommunications Ltd 3.140 Telecom 51,274 17,149,400 Genting Singapore PLC 0.895 Consumer Services 10,791 15,316,700 Mapletree Commercial Trust 2.360 REITs 6,834 14,930,700 CapitaLand Mall Trust 2.650 REITs 9,775 8,105,300 Ascendas Real Estate Investment Trust 3.120 REITs 9,712 7,423,500 Singapore Technologies Engineering Ltd 3.970 Industrial 12,380 6,290,200 CapitaLand Commercial Trust 2.070 REITs 7,984 6,230,900 ComfortDelGro Corp Ltd 2.400 Consumer Services 5,198 5,864,900 Source: Bloomberg Finance L.P. Recent Reports Report Singapore Monthly Strategy: Back to the negotiation table CapitaLandGroup: Born to fly CSE Global: Well-oiled for the upflow Singapore Monthly Strategy: Diversion is just a few clicks away Singapore Hospitality & Leisure: Where will HK’s 5.8m tourists go? Singapore 2Q19 results review : Look here for yields Page 3 Daily Focus Singapore Stock Pulse S-REITs (Us) against the world Singapore Monthly Strategy: Thirteen in a row? Singapore Banks: Earnings likely to be supported in 2Q Mapletree Group of REITs: In the sweet spot Source: DBS Bank Dividends Company Type Particulars Ex Date Paid/Payable Rate: SGD 0.01079 Per ESR-REIT DIVIDEND Security 10-Oct-19 08-Nov-19 HSBC ADR 10 DIVIDEND Rate: USD 0.495 Per Security 10-Oct-19 20-Nov-19 Rate: SGD 0.0028 Per SHOPPER360 LIMITED DIVIDEND Security 10-Oct-19 21-Oct-19 SINGAPORE EXCHANGE LIMITED DIVIDEND Rate: SGD 0.075 Per Security 10-Oct-19 18-Oct-19 MAXI-CASH FIN SVCS CORP LTD DIVIDEND Rate: SGD 0.005 per security 14-Oct-19 25-Oct-19 UNITED OVERSEAS AUSTRALIA LTD DIVIDEND 1 Cash Options 14-Oct-19 06-Nov-19 ASCOTTREIT S$150M5%PERPSEC XOTHERSX Rate: 100% 18-Oct-19 29-Oct-19 CAPITALDTRE S$250M4.35%N191031 ENTITLEMENT Rate: 100% 22-Oct-19 31-Oct-19 OUE LTD S$200M4.25%N191030 ENTITLEMENT Rate: 100% 22-Oct-19 30-Oct-19 ELLIPSIZ LTD DIVIDEND Rate: SGD 0.01 Per Security 30-Oct-19 20-Nov-19 SIN GHEE HUAT CORPORATION LTD. DIVIDEND Rate: SGD 0.006 Per Security 30-Oct-19 14-Nov-19 UG HEALTHCARE CORPORATION LTD DIVIDEND 1 Cash Options 30-Oct-19 17-Dec-19 GUOCOLAND LIMITED DIVIDEND Rate: SGD 0.07 Per Security 31-Oct-19 21-Nov-19 HAI LECK HOLDINGS LIMITED DIVIDEND Rate: SGD 0.01 per security 31-Oct-19 13-Nov-19 KARIN TECHNOLOGY HLDGS LIMITED DIVIDEND Rate: HKD 0.078 Per Security 31-Oct-19 21-Nov-19 OXLEY HOLDINGS LIMITED DIVIDEND 1 Cash Options 31-Oct-19 01-Nov-19 RE&S HOLDINGS LIMITED DIVIDEND Rate: SGD 0.0045 per security 31-Oct-19 08-Nov-19 BRITISH & MALAYAN HLDG LIMITED DIVIDEND Rate: SGD 0.027 Per Security 01-Nov-19 22-Nov-19 CHUAN HUP HOLDINGS LIMITED DIVIDEND Rate: SGD 0.01 per security 01-Nov-19 13-Nov-19 GL LIMITED DIVIDEND Rate: SGD 0.022 Per Security 04-Nov-19 26-Nov-19 SPINDEX INDUSTRIES LIMITED DIVIDEND Rate: SGD 0.033 Per Security 04-Nov-19 20-Nov-19 SILVERLAKE AXIS LTD DIVIDEND Rate: SGD 0.007 Per Security 04-Nov-19 15-Nov-19 WING TAI HOLDINGS LIMITED DIVIDEND Rate: SGD 0.03 Per Security 05-Nov-19 21-Nov-19 WING TAI HOLDINGS LIMITED DIVIDEND Rate: SGD 0.02 Per Security 05-Nov-19 21-Nov-19 LUM CHANG HOLDINGS LIMITED DIVIDEND Rate: SGD 0.015 Per Security 06-Nov-19 22-Nov-19 MICRO-MECHANICS (HOLDINGS) LTD DIVIDEND Rate: SGD 0.05 Per Security 06-Nov-19 19-Nov-19 MICRO-MECHANICS (HOLDINGS) LTD DIVIDEND Rate: SGD 0.01 Per Security 06-Nov-19 19-Nov-19 PEC LTD DIVIDEND Rate: SGD 0.01 Per Security 07-Nov-19 20-Nov-19 Rate: SGD 0.005 per LION ASIAPAC LTD DIVIDEND security/unit 08-Nov-19 21-Nov-19 Source: SGX Page 4 Daily Focus Singapore Stock Pulse Share buy-back Name D.O.T. Buy/Sell No of shares $/shr Anchun International 09-Oct-19 Share Buy-Back 72,000 0.2400 CDW Holding Limited 09-Oct-19 Share Buy-Back 50,000 0.1900 Global Investments Limited 09-Oct-19 Share Buy-Back 55,800 0.1390 GRP Liimited 09-Oct-19 Share Buy-Back 4,000 0.1950 CDW Holding Limited 08-Oct-19 Share Buy-Back 50,000 0.1900 Eurosports Global Limited 08-Oct-19 Share Buy-Back 120,000 0.1990 Global Investments Limited 08-Oct-19 Share Buy-Back 875,800 0.1390 GRP Liimited 08-Oct-19 Share Buy-Back 1,000,000 0.1950 Stamford Land Corporation Ltd 08-Oct-19 Share Buy-Back 951,800 0.4975 Anchun International 07-Oct-19 Share Buy-Back 150,000 0.2300 Global Investments Limited 07-Oct-19 Share Buy-Back 52,000 0.1380 GRP Liimited 07-Oct-19 Share Buy-Back 700,000 0.1950 Singapore Medical Group 07-Oct-19 Share Buy-Back 139,000 0.3025 Singapore Shipping Corporation Limited 07-Oct-19 Share Buy-Back 972,600 0.2975 Stamford Land Corporation Ltd 07-Oct-19 Share Buy-Back 826,100 0.4900 Starburst Holdings Limited 07-Oct-19 Share Buy-Back 40,000 0.3750 Source: SGX Page 5 Daily Focus Singapore Stock Pulse Earnings Calendar - October 2019 Monday Tuesday Wednesday Thursday Friday 1 21 3 4 7 8 9 10 11 SPH REIT FY19 14 15 16 17 18 Keppel Infrastructure Keppel DC REIT 3Q19 Keppel REIT 3Q 19 Keppel Corp 3Q19 Frasers Commercial Trust 3Q19 Keppel Pacific Oak US Mapletree Commercial SPH 4Q19 Trust FY19 (19 Oct) Singapore Press FY19 REIT 3Q19 Trust 2Q20 Qian Hu Corp 3Q19 21 22 23 24 25 Mapletree Logistics CapitaLand Cache Logistics 3Q19 Trust 2Q19 Commercial Trust Mapletree North Asia 3Q19 Commercial Trust CapitaLand Mall Trust 2Q19 3Q19 Miyoshi Ltd FY19 Frasers Centrepoint Singapore Exchange Trust FY19 1Q20 Mapletree Industrial SP Corp Ltd 3Q19 Trust 2Q20 Suntec REIT 3Q19 28 29 30 31 Frasers Hospitality Trust FY19 Source: Bloomberg Finance L.P.
Load more

Recommended publications
  • 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]
  • 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 2018 Re-Imagining Olam
    Strategy Report Olam International Annual Report 2018 Re-imagining Olam Offering tomorrow’s products and services Strategy Report Olam International Limited Annual Report 2018 olamgroup.com About this report Contents Strategy Report Strategy report This chapter offers narrative about our strategy, our 2 Our financial and performance and key market factors and trends. It can be performance highlights read independently as an 8 Chairman’s letter Executive Summary or as part of the full report. 10 Group CEO review 26 Our business model Governance Report This section gives detailed 28 Our strategy in action information about our rigorous governance framework and those 40 Group COO review responsible for ensuring it is 76 Manufactured Capital followed. Shareholder information is also held within this chapter. 80 Human Capital 85 Social Capital Financial Report 92 Natural Capital Our figures and respective notes are enclosed within this chapter. 101 Intellectual Capital It should be read in conjunction 104 Intangible Capital with the Strategy Report to give a balanced account of internal and Integrated Impact external factors. 108 Statement 111 Engaging stakeholders 114 Risk Management 118 General information Navigating the Strategy Report Our Value Chain Edible Nuts Confectionery Food Industrial Raw Commodity and Spices and Beverage Staples and Materials, Financial Ingredients Packaged Infrastructure Services Foods and Logistics Our Capitals Front cover image: At Olam Spices’ Innovation and Quality Centre in Fresno, California, USA, Hein Tran
    [Show full text]
  • The Straits Times, U, and a 40 Per Cent Stake in Mediacorp Press Limited, the Business Times, the New Paper, Berita Harian, Which Publishes the Free Newspaper, Today
    MEDIASCAPE Maintaining Focus in an Evolving Mediascape Annual Report 2016 CONTENTS 01 26 61 70 Corporate Further Information on Daily Average Corporate Profile Board of Directors Newspapers Circulation Information 02 30 62 71 Businesses and Products Senior Financial Sustainability under the SPH Group Management Review Report 14 38 65 76 Organisation CEO’s Overview of Group Value Added Corporate Governance Structure Operations Statement Report 15 50 66 96 Group Financial Significant Investor Risk Highlights Events Relations Management 16 56 68 113 Chairman’s Awards & Investor Financial Statement Accolades Reference Contents 20 60 Board of SPH Newspapers Directors Readership Trends Singapore Press Holdings Annual Report 2016 CORPORATE PROFILE INCORPORATED IN 1984, MAIN BOARD-LISTED SINGAPORE PRESS HOLDINGS LTD (SPH) IS ASIA’S LEADING MEDIA ORGANISATION, ENGAGING MINDS AND ENRICHING LIVES ACROSS MULTIPLE LANGUAGES AND PLATFORMS. Media SPH has a 20 per cent stake in MediaCorp TV Holdings The English/Malay/Tamil Media group comprises Pte Ltd, which operates free-to-air channels 5, 8 and the print and digital operations of The Straits Times, U, and a 40 per cent stake in MediaCorp Press Limited, The Business Times, The New Paper, Berita Harian, which publishes the free newspaper, Today. and their respective student publications. It also includes subsidiaries Tamil Murasu Ltd, which publishes Properties Tamil Murasu and tabla!; book publishing arm Straits SPH REIT is a Singapore-based REIT established to Times Press; SPH Data Services, which licenses the invest in a portfolio of income-producing real estate use of the Straits Times Index in partnership with the primarily for retail purposes.
    [Show full text]
  • About Olam Our Vision Our Purpose
    About Olam Established in 1989, Olam traded cashews from Nigeria to India. Today Olam is a leading agri-business operating from seed to shelf, supplying food and industrial raw materials to over 16,200 customers worldwide. Our team of over 62,500 1 employees across 70 countries has built leadership positions in several of our 16 platforms, including cocoa, coffee, cashew, rice and cotton. We work with 4 million smallholder farmers and their communities. We are listed on the Singapore Exchange (SGX) and are among the top 30 companies by market capitalisation. Our vision To be the most differentiated and valuable global agri-business by 2040. Our purpose Growing Responsibly describes how we do business. We ensure profitable growth is achieved in an ethical, socially responsible and environmentally sustainable manner. This is integral to our business model. About the cover images Top left: Onion processing, USA Top right: Almond orchard, Australia Bottom left: Coffee outgrower operation, Tanzania Bottom right: Wheat mill, Ghana This page: Black pepper, Vietnam 1. Employees include full‑time, seasonal, contract and temporary workers. Overview Contents Our leadership team Olam has an experienced Board and Executive Committee, Overview focused on ensuring good governance and achieving the governing objective of maximising long‑term intrinsic value for our continuing Chairman’s statement Group CEO's review Group COO's review shareholders. Our Chairman Kwa Chong Co‑Founder and Group CEO, A. Shekhar, discusses the Seng explains the changes Sunny Verghese, outlines our Company's financial and to the Board and our strategy and key growth operating performance shareholders on pages initiatives made during the on page 32.
    [Show full text]
  • XX September 2011
    20 September 2011 VODAFONE AND CONEXUS MOBILE ALLIANCE FORM STRATEGIC PARTNERSHIP • Significantly expands Vodafone’s presence in Asia and provides Conexus with greater access to Vodafone’s global footprint • Advances both Vodafone’s and participating Conexus members’ ability to deliver communications services to multinational businesses both in and out of the region • Enhances the roaming experience for a combined global mobile customer base of over 600 million Vodafone Group (“Vodafone”) and the Conexus Mobile Alliance (“Conexus” or the “Alliance”) today jointly announce that they have agreed to form a strategic partnership which will significantly expand Vodafone’s partner market presence in Asia and provide Conexus member customers with greater support in Vodafone’s global footprint. Vodafone intends to work with as many of the Conexus members as possible*, complementing Vodafone’s own regional operations in India, Australia, Fiji and New Zealand and its existing partners in Malaysia (Celcom) and Sri Lanka (Dialog). Over time, Vodafone’s agreement with Conexus will include partnerships with: - FarEasTone (Taiwan); - Hutchison Telecom (Hong Kong); - NTT DOCOMO (Japan); - SMART (the Philippines); - StarHub (Singapore); and - TrueMove (Thailand). Vodafone and Conexus also intend to expand partnerships with remaining Conexus members, such as KT in South Korea, to further enhance coverage. In countries where Vodafone already has a current partner market agreement in place, any new agreement with a Conexus member would take effect once the existing contract had expired. The move will enhance both Conexus members’ and Vodafone’s ability to meet growing demand among multinational businesses for sophisticated voice and data communications solutions as well as advanced roaming services within and out of Asia.
    [Show full text]
  • Sembcorp Industries FY2020 Financial Statements
    SEMBCORP INDUSTRIES LTD Registration Number: 199802418D SECOND HALF AND FULL YEAR ENDED DECEMBER 31, 2020 FINANCIAL STATEMENTS & DIVIDEND ANNOUNCEMENT TABLE OF CONTENTS Item No Description Page 1. CONSOLIDATED INCOME STATEMENT 2 2. NOTES TO THE CONSOLIDATED INCOME STATEMENT 4 3. CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME 12 4. SEGMENTAL REPORTING 13 5. BALANCE SHEETS 19 6. STATEMENTS OF CHANGES IN EQUITY 23 7. CONSOLIDATED STATEMENT OF CASH FLOWS 32 8. ACCOUNTING POLICIES 38 9. RELATED PARTIES 38 10. FAIR VALUE MEASUREMENTS 39 11. AUDIT 42 12. AUDITORS’ REPORT 42 13. VARIANCE FROM PROSPECT STATEMENT 42 14. PROSPECTS 42 15. SUBSEQUENT EVENTS 42 16. DIVIDEND 43 17. INTERESTED PERSON TRANSACTIONS 44 18. CONFIRMATION THAT THE ISSUER HAS PROCURED UNDERTAKINGS FROM ALL ITS DIRECTORS AND EXECUTIVE OFFICERS (IN THE FORMAT SET OUT IN APPENDIX 7.7) UNDER RULE 720(1) 45 19. REPORT OF PERSONS OCCUPYING MANAGERIAL POSITIONS WHO ARE RELATED TO A DIRECTOR, CHIEF EXECUTIVE OFFICER OR SUBSTANTIAL SHAREHOLDING 45 Sembcorp Industries Ltd Page 1 of 45 SEMBCORP INDUSTRIES LTD Registration Number: 199802418D UNAUDITED RESULTS FOR THE SECOND HALF AND FULL YEAR ENDED DECEMBER 31, 2020 The Board of Directors of Sembcorp Industries Ltd wishes to announce the following unaudited results of the Group for the second half and full year ended December 31, 2020. 1. CONSOLIDATED INCOME STATEMENT # On September 11, 2020, the Company distributed its holdings of ordinary shares in the capital of a subsidiary, Sembcorp Marine Ltd (SCM) to its shareholders (the Distribution). Consequent to the Distribution, the performance of the marine segment in the current financial year, for the period from January 1, 2020 to September 11, 2020 is reported as a discontinued operation with comparative information re-presented accordingly.
    [Show full text]
  • Change + Diversification Progress Is
    i Progress is change + diversification STARHUB LTD Annual Report 2019 STARHUB LTD Annual Report 2019 ii Strategy COMPANY PROFILE 10 D.A.R.E. Transformation Roadmap StarHub is a leading homegrown 12 Chairman’s Message Singapore company that delivers 16 StarHub at a Glance world-class communications, 18 In Discussion with Senior Executives entertainment and digital solutions. 27 Significant Events With our extensive fibre and wireless 28 Value Creation infrastructure and global partnerships, 30 Awards and Industry Honours we bring to people, homes and enterprises quality mobile and fixed services, a broad suite of premium Business Review content, and a diverse range 32 Consumer of communication solutions. 38 Enterprise We develop and deliver to corporate 42 Group Financial Review and government clients solutions incorporating artificial intelligence, cybersecurity, data analytics, Governance Internet of Things and robotics. 48 Board of Directors We are committed to conducting 54 Directors’ Particulars our business in a sustainable and 56 Senior Executives environmentally responsible manner. 62 Corporate Governance Launched in 2000 and listed on the 87 Corporate Information Singapore Exchange mainboard since 88 Risk Management 2004, StarHub is a component stock 92 Investor Relations of the SGX Sustainability Leaders Index and the SGX Sustainability Leaders Enhanced Index. Sustainability 94 Sustainability Report VISION Inspiring Digital Innovation – improving Financials the lives of our customers daily. 141 FY2019 Financial Statements 142 Directors’ Statement 150 Independent Auditors’ Report MISSION 158 Statements of Financial Position Leading, innovative provider of 159 Consolidated Income Statement communications, information and 160 Consolidated Statement of Comprehensive Income entertainment services, enabling 161 Statements of Changes in Equity consumers and enterprises in 167 Consolidated Cash Flow Statement Singapore to benefit from digital 168 Notes to the Financial Statements transformation.
    [Show full text]
  • Singtel, Starhub, M1 (ST SP, STH SP, M1 SP)
    INDUSTRY UPDATE Telecommunications ▪ Singapore SingTel, StarHub, M1 (ST SP, STH SP, M1 SP) Time to switch telco Joel Ng / 62 6202 1192 / [email protected] Company SINGAPORE TELECOMMUNICATIONS 3.6 SingTel (ST) and StarHub (STH) both reported disappointing Market Cap (m) $49803 million 3.5 3.4 Current Price $3.05 3.3 quarterly results for their 3Q FY19 and 4Q FY18, 3.2 52 Week High $3.58 3.1 respectively. 52 Week Low $2.83 3 2.9 Dividend Yield (%), Est. 5.8 2.8 Meanwhile, M1 shareholders should accept the $2.06 offer Price to Book, Est. 1.68 by Keppel Corp and SPH. Price to Earnings, Est. 16.22 For investors still seeking exposure to the sector, ST offers Company STARHUB LTD 2.7 the best option in our view, while $1.55 would be a good Market Cap (m) $2822 million 2.5 Current Price $1.63 2.3 entry level for STH. 52 Week High $2.62 2.1 1.9 52 Week Low $1.58 1.7 Dividend Yield (%), Est. 6.1 1.5 Price to Book, Est. 8.76 Price to Earnings, Est. 14.82 STH - no more defensive. STH reported a 62% YoY drop in 4Q FY18 net profit to S$20mn, missing consensus estimates. Company M1 LTD 2.2 Market Cap (m) $1908 million 2.1 However, management’s DPU guidance for 2019 more likely 2 Current Price $2.06 1.9 caused a much larger impact on its share price. STH plans to 52 Week High $2.15 1.8 52 Week Low $1.51 1.7 1.6 pay a quarterly dividend of at least 2.25 cents, a 44% cut Dividend Yield (%), Est.
    [Show full text]
  • STOXX Asia/Pacific 600 Last Updated: 01.11.2017
    STOXX Asia/Pacific 600 Last Updated: 01.11.2017 Rank Rank (PREVIOU ISIN Sedol RIC Int.Key Company Name Country Currency Component FF Mcap (BEUR) (FINAL) S) JP3633400001 6900643 7203.T 690064 Toyota Motor Corp. JP JPY Large 146.3 1 1 AU000000CBA7 6215035 CBA.AX 621503 Commonwealth Bank of Australia AU AUD Large 88.4 2 2 JP3902900004 6335171 8306.T 659668 Mitsubishi UFJ Financial Group JP JPY Large 81.6 3 3 HK0000069689 B4TX8S1 1299.HK HK1013 AIA GROUP HK HKD Large 77.9 4 4 AU000000WBC1 6076146 WBC.AX 607614 Westpac Banking Corp. AU AUD Large 73.7 5 5 JP3436100006 6770620 9984.T 677062 Softbank Group Corp. JP JPY Large 65.3 6 6 JP3735400008 6641373 9432.T 664137 Nippon Telegraph & Telephone C JP JPY Large 58.6 7 10 AU000000ANZ3 6065586 ANZ.AX 606558 Australia & New Zealand Bankin AU AUD Large 57.8 8 7 AU000000NAB4 6624608 NAB.AX 662460 National Australia Bank Ltd. AU AUD Large 57.7 9 8 AU000000BHP4 6144690 BHP.AX 614469 BHP Billiton Ltd. AU AUD Large 56.1 10 9 JP3890350006 6563024 8316.T 656302 Sumitomo Mitsui Financial Grou JP JPY Large 48.3 11 11 JP3854600008 6435145 7267.T 643514 Honda Motor Co. Ltd. JP JPY Large 48.2 12 12 JP3236200006 6490995 6861.T 649099 Keyence Corp. JP JPY Large 43.0 13 13 JP3435000009 6821506 6758.T 682150 Sony Corp. JP JPY Large 42.1 14 16 AU000000CSL8 6185495 CSL.AX 618549 CSL Ltd. AU AUD Large 41.5 15 14 JP3496400007 6248990 9433.T 624899 KDDI Corp.
    [Show full text]
  • Towards a Greener Future
    Towards a Greener Future Sembcorp Industries Annual Report 2020 Sembcorp’s purpose and passion is to do good and play our part in building a sustainable future. Our vision is to be a leading provider of sustainable solutions – supporting development and creating value for our stakeholders and communities. Environmental, Social and Consolidated Overview Governance Review Financial Statements Group FY2020 Highlights 1 Sustainability Report 35 Directors’ Statement 74 Chairman and CEO’s Statement 2 y About this Report 35 Independent Auditors’ Report 84 Supporting a Renewables Future 6 y Managing Sustainability 38 Balance Sheets 90 – Our Sustainability Framework 38 Consolidated Income Statement 92 – Supporting the SDGs 39 Consolidated Statement Operating and Financial Review of Comprehensive Income 93 – Sustainability Governance 39 Consolidated Statement – Memberships and Associations 39 Group Financial Review 8 of Changes in Equity 94 y Our Material ESG Issues 40 y Financial Highlights 8 Consolidated Statement Enabling a Low-carbon of Cash Flows 98 y Five-year Financial Performance 10 and Circular Economy 40 Notes to the Financial Statements 101 y Value Added and Productivity Data 12 – Climate Change y Treasury Management 14 – Resource Management Energy Review 16 – Local Environmental Protection Other Information Urban Review 22 Empowering Our People and Communities 43 Additional Information on – Health and Safety Directors Seeking Re-election 222 Our Leadership – People Shareholding Statistics 226 – Community Corporate Information 228 Board
    [Show full text]
  • Singapore Monthly Strategy
    Singapore Market Focus Singapore Monthly Strategy Refer to important disclosures at the end of this report DBS Group Research . Equity 5 Mar 2020 The only thing to fear is fear itself STI : 3,025.03 • Earnings cut on COVID-19 impact, STI YE target lowered to 3350 Analyst • Emergency rate cut put REITS back in focus, add pressure on banks’ Kee Yan YEO, CMT +65 6682 3706 NIM [email protected] • COVID-19 resilience list - AIMS, ESR REIT, StarHub, Netlink, AREIT, Janice CHUA +65 6682 3692 FCT, Sheng Siong and Thai Beverage [email protected] • China’s COVID-19 recovery and Singapore malls’ footfall recovery - Sunpower, Frencken, YZJ, CRCT, CapitaLand, CMT, MCT &Koufu Key Indices Current % Chng Another rate cut ahead? Global monetary and fiscal support continues STI Index 3,025.03 0.2% as COVID-19 was spreading across the globe over the past two weeks. FS Small Cap Index 338.16 0.8% On top of the 50bps emergency cut, consensus expects the FED to USD/SGD Curncy 1.38 0.0% lower rates by a further 25bps at the 18 March FOMC meeting. The Daily Volume (m) 1,631 drop in the US 10-yr yield below 1% is positive for REITs/yield stocks Daily Turnover (S$m) 1,911 while banks face NIM pressure. Downgrade UOB to HOLD, TP cut to Daily Turnover (US$m) 1,380 S$25.50. Source: Bloomberg Finance L.P. Earnings slashed on viral outbreak uncertainties. EPS growth for stocks Market Key Data (%) EPS Gth Div Yield under our coverage was cut by 3.4% and 1.9% for FY20F and FY21F 2019 2.1 4.4 respectively vs the previous quarter.
    [Show full text]