Buy @ $3.52
Add back to my holdings as part of David's Yield Rotation Strategy. 😀
FY14 (Mar) results ought to be aro' mid-May (14-May last year) and Div was 10ct. With 9M EPS better than last year, the probability of maintaining the 2H Div is high, unless they cut the Payout Ratio (~76% last year).
Using last years data,
- PE = 15.99 / 15.49 (latest 4Qs)
- Yield = 4.773%
Comparison with other 2 TELCOs,
- Starhub @ $4.04
- PE = 18.79 ; Yield = 4.95%
- M1 @ $3.39
- PE = 19.48 ; Yield = 6.195% / 4.1% (if exclude Special Div)
Current share price weakness could be due to a combination of Crimea fears + Overbid for World Cup broadcast rights.