Wednesday, August 24, 2016

SGX Yield Stocks

SGX Yield Stocks


August 2016

Posted: 24 Aug 2016 02:29 AM PDT

Results Anoouncement

  • 3 Aug 16 : StarHub (Q216) – EPS 6.3ct vs 5.7ct (Q215) ; 11.6ct (1H16) vs 10ct (1H15) ; FCF 7.9ct vs 6ct (Q215) ; Div 5ct (same)
  • 4 Aug 16 : SingPost (Q117) – EPS 1.49ct vs 1.996ct (Q116) ; FCF 0.66ct vs -0.76ct (Q116) ; Div = 1.5ct (same – but Dividend Policy Under Review)
  • 8 Aug 16 (AM) : DBS (Q216) – EPS $1.67 vs $1.78 (Q215) ; $1.79 (1H16) vs $1.81 (1H15) ; Div 30ct (same)
  • 8 Aug 16 : SMRT (Q117) – EPS 1.02ct vs 1.32ct
  • 11 Aug 16 (AM) : SingTel (Q117) – EPS 5.93ct vs 5.91ct (Q116) ; FCF 7.73ct vs 6.11ct (Q116)
  • 11 Aug 16 : SBSTransit (Q216) – EPS 2.34ct vs 1.97ct (Q215) ; 4.96ct (1H16) vs 3.51ct (1H15) ; Div 2.35ct vs 1.65ct (1H15)
  • 12 Aug 16 : ComfortDelgro (Q216) – EPS 3.96ct vs 3.77ct ; 7.37ct (1H16) vs 6.93ct (1H15) ; Div 4.25ct vs 4ct (1H15)
  • 12 Aug 16 : STEng (Q216 Results) – EPS 4.1ct vs 4.01ct (Q215) ; 7.65ct (1H16) vs 8.19ct (1H15) ; Div 5ct (same)
  • 12 Aug 16 : HLFin (Q216) – EPS 9.95ct vs 12.58ct (Q215) ; 11.53ct (1H16) vs 13.31ct (1H15) ; Div 3ct vs 4ct (1H15)

 

 

 

STI = 2869.57 (+19.14)

Stock

Period

Mkt

DPS cts

Yield

EPS cts

PE

Div Breakdown

SGX

FY16 (Jun)

$7.700

28.00

3.636%

32.60

23.62

Q1, Q2, Q3 5ct ; Q4 5ct +8ct

SingPost

FY16 (Mar)

$1.375

7.00

5.091%

10.86

12.66

Q1, Q2, Q3 1.5ct ; Q4 2.5ct

SPH

FY15 (Aug)

$3.820

20.00

5.236%

20.00

19.10

Interim 7ct ; Final 8ct + Special 5ct

 

 

Aviation Services

Stock

Period

Mkt

DPS cts

Yield

EPS cts

PE

Div Breakdown

SATS

FY16 (Mar)

$4.870

15.00

3.080%

19.90

24.47

Interim 5ct ; Final 10ct

SIA Engineering

FY16 (Mar)

$3.860

14.00

3.627%

15.74

24.52

Interim 6ct ; Final 8ct

ST Engineering

FY15 (Dec)

$3.290

15.00

4.559%

17.05

19.30

Interim 5ct ; Final 5ct + Special 5ct

 

 

Transport

Stock

Period

Mkt

DPS cts

Yield

EPS cts

PE

Div Breakdown

SBSTransit

FY15 (Dec)

$2.330

2.70

1.159%

5.41

43.07

Interim 1.65ctct ; Final 1.05ct

ComfortDelGro

FY15 (Dec)

$2.820

9.00

3.191%

14.07

20.04

Interim 4ct ; Final 5ct

SMRT

FY16 (Mar)

$1.640

4.00

2.439%

7.17

22.87

Interim 1.5ct ; Final 2.5ct

 

 

TELCO

Stock

Period

Mkt

DPS cts

Yield

EPS cts

PE

Div Breakdown

SingTel

FY16 (Mar)

$4.240

17.50

4.127%

24.29

17.46

Interim 6.8ct ; Final 10.7ct

M1

FY15 (Dec)

$2.720

15.30

5.625%

19.10

14.24

Interim 7ct ; Final 8.3ct

StarHub

FY15 (Dec)

$3.740

20.00

5.348%

21.50

17.40

Q1 5ct ; Q2 5ct ; Q3 5ct ; Q4 5ct

 

 

Banking & Finance

Stock

Period

Mkt

NBV

DPS

Yield

EPS

PE

Div Breakdown

DBS

1H16 (Jun)

$15.21

$16.48

$0.60

3.945%

$1.790

8.50

Interim 30ct ; Final 30ct

FY15 (Dec)

$15.82

$1.710

8.89

OCBC

1H16 (Jun)

$8.63

$8.19

$0.36

4.171%

$0.835

10.34

Interim 18ct ; Final 18ct

FY15 (Dec)

$8.03

$0.952

9.07

UOB

1H16 (Jun)

$17.88

$18.16

$0.70

3.915%

$1.890

9.46

Interim 35ct ; Special Anniversay 20ct ; Final 35ct

FY15 (Dec)

$17.84

$1.940

9.22

Hong Leong Fin

1H16 (Jun)

$2.29

$3.79

$0.11

4.803%

$0.0995

19.86

Interim 4ct ; Final 7ct

FY15 (Dec)

$3.80

$0.1642

13.95

Note : Banks Added from May-16 ; EPS are Annualised Figures ; DPS + Breakdown are FY15 Figures

 

 

Infrastructure

Stock

Period

Mkt

DPS cts

Yield

NAV

Div Breakdown

AusNetServices

2H – Mar16

$1.735

A4.265

5.072%

A$0.82

1H16 A4.265ct ; 2H16 A4.265ct

* SPAus DPU in A$. Yield is Calculated Using Latest Exchange Rate (A$1 : S$1.0316) fm Yahoo

NOTES :

  • Mkt Price is as on 24-Aug-16
  • HLFin : 1H15 (Jun) – 3ct
  • ST Engg : 1H16 (Jun) – 5ct
  • ComfortDelgro 1H15 (Jun) – 4.25ct
  • SBSTransit : 1H16 (Jun) – 2.35ct
  • SingPost : Q117 (Jun16) – 1.5ct
  • StarHub : Q216 (Jun) – 5ct ; Q116 (Mar) – 5ct
  • SGX : Q416 (Jun16) – 5ct + 8ct ; Q316 (Mar16) – 5ct ; Q216 (Dec15) – 5ct ; Q116 (Sep15) – 5ct ; Dividend Policy No Less than 5ct/Q or 80% of Annual NPAT, whichever is Higher
  • SATSvcs : 2H16 (Mar16) – Final 10ct ; 1H16 (Sep15) – Interim 5ct
  • AusNet : 1H16 (Sep15) – A4.265ct (Franked) ; 2H16 (Mar16) – A4.265ct (Franked)
  • SingTel : 2H16 (Mar16) – Final 10.7ct ; 1H16 (Sep15) – Interim 6.8ct
  • SIAEC : 2H16 (Mar) – Final 8ct ; 1H16 (Sep15) – Interim 6ct
  • SMRT : 2H16 (Mar16) – Final 2.5ct ; 1H16 (Sep15) – Interim 1.5ct
  • SPH : 1H16 (Feb) – Interim 7ct
  • M1 : 2H15 (Dec) – Final 8.3ct ; 1H15 (Jun) – Interim 7ct
  • StarHub : FY16 Div Guidance – 5ct/Q
  • SPAus : FY16 Guidance = A8.53ct Gross
  • SingPost : Dividend Guidance for FY16 (Mar) = 7ct
  • ST Engg : Dividend Payout Reduced from 90% to 80% for FY13 & Will Be Further Reduced to 75% from FY14
  • SingTel : Div Policy – 60% to 75% of Underlying Net Profit

 

Singapore Business Review - News

Singapore Business Review - News


Singapore’s silver tsunami: Elder care spending to skyrocket to $49b per year by 2030

Posted: 24 Aug 2016 07:26 PM PDT

Case Study: 
No

It’s almost ten times the city-state’s current spending.

A silver tsunami is heading towards Singapore, and the city-state should expect heightened healthcare spending, as a new report notes how Singapore’s elderly healthcare costs will rise nearly tenfold over the next 15 years.

According to the new report by Marsh & McLennan companies, assuming current medical cost inflation remains constant, the city state is projected to spend on average US$37,427 on healthcare for each elderly person by 2030, the highest in the region.

read more

Chart of the Day: Is Singapore’s industrial property sector up for a massive surplus?

Posted: 24 Aug 2016 07:07 PM PDT

Case Study: 
No

It has grown by almost half since 2005.

Singapore’s rapid expansion has towed the city-state’s industrial property footprint rapidly upward, as it increased by 45% over 2005-2015.

According to a report by DBS, as of the first quarter of 2016, Singapore has close to 44m sqm of industrial space, concentrated mainly in the West region where companies are mainly in the pharma, engineering, and other heavy industries business.

read more

Daily Briefing: Singapore’s web cut-off balances security; MAS sets up FinTech lab

Posted: 24 Aug 2016 06:16 PM PDT

Case Study: 
No

And here’s the deal on tech disruption in Singapore.

Singapore is working on how to implement a policy to cut off web access for public servants as a defence against potential cyber attack - a move closely watched by critics who say it marks a retreat for a technologically advanced city-state that has trademarked the term "smart nation". Read more here.

read more

Daily Markets Briefing: STI up 0.7%

Posted: 24 Aug 2016 06:05 PM PDT

Case Study: 
No

Brace for a pullback today.

According to OCBC, the pullback on Wall Street overnight could provide a similar correction in the local bourse today, especially after the STI’s 0.7% gains in the previous session.

Here’s more from OCBC:

The ability of the index to sustain itself convincingly above the key 2900 level is crucial. Failure to do so could send the STI easing back towards 2850. 

read more

Singapore moves up to 46th spot as most liveable city in the world

Posted: 24 Aug 2016 02:38 AM PDT

Case Study: 
No

But it trailed behind its rival city, Hong Kong.

Singapore is still among the world’s most liveable city as it climbed up to 46th place this year compared to 49th a year ago. However, it trailed behind its rival city, Hong Kong, which finished 43rd among 140 cities in the latest survey.

read more

Yangzijiang has no dog in the PPL Shipyard stake fight with Sembcorp

Posted: 24 Aug 2016 01:38 AM PDT

Case Study: 
No

Transaction value sits only at 2.3% of its market cap.

Sembcorp Marine (SMM) may have had the last laugh with its recent acquisition of the remaining stake in PPL Shipyard (PPLS), but for its rival Yangzijiang Shipbuilding (YZJ), the move is actually a win-win deal.

SembMarine has fought to get the remaining stake back in 2010, only to be hindered by Yangzijiang when it acquired the said share from Baker Technology for US$155 million.

read more

Winner takes it all: ComfortDelGro is the biggest beneficiary in new bus scheme

Posted: 24 Aug 2016 12:31 AM PDT

Case Study: 
No

It can get around $5.3m worth of contract fees.

Transportation company ComfortDelGro is in for brighter days ahead as the Land Transportation Authority (LTA)'s new government bus contracting model (GCM) is expected to spike up its cash inflow.

According to OCBC Investment Research, ComfortDelGro (CDG) will definitely be the main beneficiary of the new model as it has in its arsenal around 2,900 buses representing 70-75% market share of Singapore's public bus operations.

read more

Here’s why SMEs won’t make a splash in Singapore’s real estate market

Posted: 24 Aug 2016 12:30 AM PDT

Case Study: 
No

They’re unpredictable, analysts say.

Renting an office is a tremendous commitment small and medium enterprises (SMEs) can afford to dive into, resulting in unpredictable demand patterns.

According to a report by CBRE, despite the prevalence of SMEs, their impact on the office sector have been disproportionately smaller, comprising a small proportion of office leasing volume.

The report noted that one of the main reasons for the lower office take-up by SMEs has been the mismatch in their needs versus the type of available office spaces.

read more

MAS reviews venture capital regulations to lure in startup funding

Posted: 23 Aug 2016 11:16 PM PDT

Case Study: 
No

It’s trying to liven up the fintech startup scene.

According to a report by Bloomberg, Singapore is reviewing the rules for vanture capital companies as it attempts to attract more capital to the city-state's fintech startups.

read more

Here’s why Wing Tai can start hoping for a stronger balance sheet now

Posted: 23 Aug 2016 10:36 PM PDT

Case Study: 
No

Improvements could come after it sold its 50% stake in Nouvel 18.

After posting a 98% dip in its net profit, property developer and lifestyle company Wing Tai Holdings Ltd. would still have to face tough times as buying sentiments is expected to remain subdued in the city-state.

According to OCBC Investment Research, Wing Tai will be treading on restrained market conditions, as buying sentiments especially in the high end segment is seen to remain suppressed.

OCBC believes that "price discounts will not have much of an impact on the market condition."

read more

Transportation costs edged down to a measly -3.5%

Posted: 23 Aug 2016 10:00 PM PDT

Case Study: 
No

Thanks to dropping oil petrol prices offset by rising COE premiums.

Despite a slight improvement in its prices, the Transportation cost is still to blame for the plummeting consumer price index (CPI) of the city-state.

Although the main culprit for the said decline is the Housing & Utilities category, Transportation is to be blamed as well, with its cost still in the red at -3.5% in July, enjoying a slight ease in its cost from the recorded decline of -4.3% last month.

read more

Here’s why nabbing a domestic roaming deal is key to new entrants’ telco dreams

Posted: 23 Aug 2016 09:56 PM PDT

Case Study: 
No

A 4G network alone won’t lure in subscribers.

On top of telco incumbents aggressive territoriality and the scramble for sufficient capital, aspiring to break into the Singapore telco scene will have to grapple with their lack of a domestic roaming agreement.

DBS noted in a report that it has yet to observe any case globally of a successful telco entrant without roaming in place.

read more

Singapore’s bond demand feared to shrink after Fed’s hawkish comments

Posted: 23 Aug 2016 09:44 PM PDT

Case Study: 
No

Investors would want to minimise risks.

The two-year Singapore government securities auction will be closing on August 29 and may nip a large demand barring possible impact by hawkish comments from the US Federal Reserve.

DBS Group Research fears demand may be eroded following US Federal Reserve Chair Janet Yellen’s hawkish language during her speech at Jackson Hole.

read more

Cheap stocks with high market caps no longer subject to MTP probing: SGX

Posted: 23 Aug 2016 09:31 PM PDT

Case Study: 
No

The bourse is also mulling a market-cap test.

Mainboard-listed companies will no longer be at the crosshairs of the minimum trading price rules and face delisting scares just because their 6-month volume-weighted average price dipped below $0.20.

According to a press release by the local bourse, it has reviewed the current MTP criteria to assess if the objective of reducing the risk of excessive speculation and potential manipulation can be achieved in a more calibrated and effective way.

read more

SGX mulls over allowing dual-class share structures

Posted: 23 Aug 2016 08:27 PM PDT

Case Study: 
No

Hong Kong dumped a similar proposal a year ago.

Singapore Exchange Limited is considering a proposal for dual-class shares for listed companies following legal reforms that allow such structures.

read more