Buy @ $3.71
Getting cheaper, average down my earlier ones…. 😀
1H results soon (last year on 13-Nov AM ; Div = 6.8ct since FY11). Earnings will likely be negatively impacted by the stong S$. The largest overseas contribution is from Optus and A$ had weakned ~5% in Sep Q. Their aggressive acquisitions via Amobee (US) in Digital Lifestyle biz is expected to contribute to Revenue, but little or no Profits.
So, why buy? PE = 16-17, not too excessive, altho' ideally, it'd be better to buy at lower prices for magin of safety. Yield = 4.5%, not that great but better than many other Yield Stocks. Mainly, buy for their dominant Pricing Power for Data (3G -> 4G), especially in Singapore, where consumers are being 'milked' at increasing subscription rates and becoming more and more addicted to higher and higher data usage… The risk is IDA may open up the playing field to REAL overeas competitors…