SingTel

[CityFarmer]

It should be a speculation from analyst. Among the non-core assets, I am more interested on its plan on NetLink Trust...

(not vested)

Broker's Take: SingTel a buy on potential sale of non-core assets: UOB Kay Hian
26 Jun 2014 15:45
SINGTEL could dish out potential special dividends of 5.5 cents a share if it divests its 26.1 per cent stake in SingPost, a non-core investment which has been targeted by China's e-commerce giant Alibaba.

Jack Ma's Alibaba is investing S$312.5 million for a 10 per cent interest in SingPost to bolster its logistics business.

UOB Kay Hian said in its Retail Market Monitor on Thursday that the telco considers SingPost a non-core asset and will consider divesting if it receives an offer from potential investors.

"SingTel would be able to dish out a special dividend of 5.5 cents/share if it can divest its stake in SingPost for S$872 million, or S$1.765 per share. SingTel's other non-core assets include wholly-owned NetLink Trust and a 45% stake in Pacific Bangladesh Telecom,'' the research house said.

Source: Business Times Breaking News