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(02-10-2012, 10:13 AM)dzwm87 Wrote: (02-10-2012, 09:46 AM)investingsgx Wrote: It is an indicator that the bear may be coming.
Well, if it's an "indicator", then the question is did Temasek do the same before the GFC in 08? Else it is always easy to extrapolate in a biased manner
On the contrary, I think Temasek is a very good REVERSE Indicator... ie. whatever they do in the open market, there's a very good chance of making $$ if we do the reverse.. 
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(02-10-2012, 10:13 AM)dzwm87 Wrote: (02-10-2012, 09:46 AM)investingsgx Wrote: It is an indicator that the bear may be coming.
Well, if it's an "indicator", then the question is did Temasek do the same before the GFC in 08? Else it is always easy to extrapolate in a biased manner
Temasek portfolio is close to 200 billions, and the re-balancing is barely 1% of total portfolio, will it serve as indicator for meaningful conclusion?
My answer is NO 
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I won't read too much into any action it takes frankly because i doubt they have superhuman foresight other than paying themselves high. The business itself is profitable and that's the key.
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> I won't read too much into any action it takes frankly because i doubt they have superhuman
> foresight other than paying themselves high. The business itself is profitable and that's the key.
The business that is cashcow now, may not be the same in future.
SingTel is trying a few things... rather than sit on their sofa...
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(02-10-2012, 10:59 AM)Contrarian Wrote: > I won't read too much into any action it takes frankly because i doubt they have superhuman
> foresight other than paying themselves high. The business itself is profitable and that's the key.
The business that is cashcow now, may not be the same in future.
SingTel is trying a few things... rather than sit on their sofa...
I would like to clarify that singtel is indeed a profitable business. What i meant is that when people prepare for the bearish market, they will hold on to certain amount of cash. I'm just putting myself into Temasek's point of view. Might not be true. just my two cents worth
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No free ride for Starhub....
SingTel mio TV secures rights to broadcast Barclays Premier League for another three seasons
Singapore, 10 October 2012 - Singapore Telecommunications Ltd (SingTel) today announced that it has secured the broadcast rights to all 380 Barclays Premier League (BPL) matches for the next three seasons commencing August 2013. These rights were acquired on a non-exclusive basis.
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(11-10-2012, 09:48 AM)KopiKat Wrote: No free ride for Starhub....
SingTel mio TV secures rights to broadcast Barclays Premier League for another three seasons
Singapore, 10 October 2012 - Singapore Telecommunications Ltd (SingTel) today announced that it has secured the broadcast rights to all 380 Barclays Premier League (BPL) matches for the next three seasons commencing August 2013. These rights were acquired on a non-exclusive basis.
The announcement having negative impact on share price today
The concern is the price paid IMO, similar concern as Singtel secured the right previously
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(11-10-2012, 02:03 PM)CityFarmer Wrote: (11-10-2012, 09:48 AM)KopiKat Wrote: No free ride for Starhub....
SingTel mio TV secures rights to broadcast Barclays Premier League for another three seasons
Singapore, 10 October 2012 - Singapore Telecommunications Ltd (SingTel) today announced that it has secured the broadcast rights to all 380 Barclays Premier League (BPL) matches for the next three seasons commencing August 2013. These rights were acquired on a non-exclusive basis.
The announcement having negative impact on share price today
The concern is the price paid IMO, similar concern as Singtel secured the right previously
I'd have thought the market would have gotten used to it by now... 
Further, this is a non-exclusive deal which'd likely mean they're not paying significantly more (if not less) than the last deal. Non-exclusive also means Starhub won't be able to get a 'free ride' and may end up as being exclusive (content) as Starhub may not want to cough up that kind of money to carry EPL content. Why? $300M to $500M (mkt estimate previously) compared to their Net Profits,
Singtel FY12 (Mar) = $3990M
Starhub FY11 (Dec) = $315.5M
M1 FY11 (Dec) = $164.1M
Starhub was smart enough to walk away from this loss leader biz. Will they come back again?
TODAY report
(26-09-2012, 10:43 AM)KopiKat Wrote: Anyway, just nice, put it back to my watch list for the next 1H13 (Sep) results + Div (last 2 years 6.8ct). For me, Target max. $3.16 for 5% yield (assuming it maintains DPS), too bad I wasn't aro' earlier when it hit. No hurries, results likely only in B-Nov.
Vested... wish me luck! 
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(11-10-2012, 06:09 PM)KopiKat Wrote: (26-09-2012, 10:43 AM)KopiKat Wrote: Anyway, just nice, put it back to my watch list for the next 1H13 (Sep) results + Div (last 2 years 6.8ct). For me, Target max. $3.16 for 5% yield (assuming it maintains DPS), too bad I wasn't aro' earlier when it hit. No hurries, results likely only in B-Nov.
Vested... wish me luck!
Good move. Singtel serves as good choice to "rotate in" as anchor (dividend) stock with its current price IMO
Wish you all the best.
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14-10-2012, 03:39 PM
(This post was last modified: 14-10-2012, 04:15 PM by freedom.)
took a look at both Singtel & Starhub. I can't understand why Starhub is trading much higher than Singtel. Simply because of higher dividend?
Annualized EPS, Singtel is 24 cents and Starhub is 20 cents.
Leverage(total liability/total eequity), Singtel is < 1 and Starhub is > 50, though the underlying leverage ratio could be higher for Singtel as it has quite substantial associates and joint ventures, but I am sure it is much lower than 50.
Profit margin, it is around the same even with Starhub having much higher leverage.(edit: actually, it does show that Starhub has better operating efficiency than Singtel. My fault.)
IMO, Starhub is lucky that the interest rate is so low to allow it to have such leverage. When the interest rate starts to rise, there is not going to be much left for shareholders. Enjoy while the party continues.
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