Buy @ $2.78, $2.72
Got too over-optimistic on the Div = 7ct being maintained and good FCF = 12.3ct for 1H… Closed an eye to declining Revenue (mostly due to lower Handset sales), Lower Profits (Hit by lower ARPU across the board) & Guidance that FY16 will have lower Net Profit of sing digit… Also forgot about IDA announcing 4th TELCO tender to start on 1-Sep… Looks like fears may be back…
- Starhub : -7ct @ $3.87 ; Range $3.85 – $3.93
- M1 : -7ct @ $2.71 ; Range $2.70 – $2.79
- Singtel : -4ct @ $4.24 ; Range $4.23 – $4.30
- STI : +3.41 @ 2928.76 ; Range 2923.75 – 2941.15