PACIFIC Century Regional Developments *Official* (SGX: P15)

[Jupiter2017]

PACIFIC Century Regional Developments *Official* (SGX: P15)
Creating new thread.

Older postings can be found at this old thread link:
http://forums.hardwarezone.com.sg/s...y-privatised-undervalued-counter-5026868.html

 

[Jupiter2017]

http://www.businesstimes.com.sg/companies-markets/pacific-centurys-fy17-net-profit-up-by-99
Pacific Century's FY17 net profit up by 9.9%
Fri, Feb 09, 2018 - 8:20 PM Vivien Shiao vshiao@sph.com.sg

PACIFIC Century Regional Developments posted a net profit of S$95.6 million for the full year ended Dec 31, 2017, up 9.9 per cent from a year ago.
Revenue went up 13.2 per cent to S$14.7 million, partly due to dividends received from the company's investment in HKT, Hong Kong's largest telecoms company.
Earnings per share stood at 3.608 cents for FY17, up from 3.283 cents previously.
A final proposed dividend of 2.2 cents was declared for the year.
In its outlook, the group said that its results are substantially dependent on its major investment, Hong Kong-listed associate PCCW.
It said that PCCW has been able to progress its businesses in accordance with its plans in the past year. PCCW successfully completed a number of strategic activities, including a partial sell-down of its stake in HKT, the introduction of strategic and financial investors to the over the top (OTT) Media business and the divestment of its non-core wireless broadband business in the UK which all contributed to the strengthening of PCCW's overall capital structure and unlocking value within the PCCW Group.
PCCW Solutions will continue to look for opportunities in South-east Asian markets in which it has made inroads in the past year, said the group. This will complement its success in Hong Kong and mainland China.
In 2018 PCCW will focus on maintaining its leadership in its respective markets while nurturing new business opportunities, it added.

price link: http://www.shareinvestor.com/fundamental/factsheet.html?counter=P15.SI

 

[Weaboo]

wheres the privatization play?

 

[Perisher]

Was vested 8 months back.

 

[koxinga]

Was vested 8 months back.

What made u decide? One uncertainty when I looked at it was richard li. Not sure what that guy is thinking and I am always wary of such closely held companies. Usually, they don't act with OPMI like us in mind.

 

[Perisher]

They own 22.7% of pccw which is worth about 50c per shares.
Their share price at 30-40c undervalues it. Assuming all other business is free.
Now with a 6% yield...

Anyway, I sold it already. Same concern as you but might buy back.
Previously it doesn't gives dividends and holding it seems like a value trap.
Richard Li owns about 90% shares so share price is very illiquid.

 

[dappermen]

hardly see anyone discusses this!
today alive again even though ex date some time ago
gd! though could be zzzzz at times
Like Perisher i sold too (last yr only , very recent) but still nt too bad

high potential! though on the surf, only rev:
(Reuters) - Pacific Century Regional Developments Ltd <PCEN.SI>::HY REVENUE S$15.8 MILLION VERSUS S$12.2 MILLION.
HY PROFIT ATTRIBUTABLE S$8.5 MILLION VERSUS LOSS S$7.7 MILLION.
but do note: Total comprehensive (loss) income for the period (6.694 mil)
https://links.sgx.com/FileOpen/SGXnet 2022H1.ashx?App=Announcement&FileID=728505
they usu pays in sep-oct too

Company is proposing to undertake a distribution in specie (the “Proposed Distribution”) of 132,407,510 share stapled units jointly issued by the HKT Trust and HKT Limited (“HKT”, and such share stapled units, the “HKT SSUs”), representing approximately 1.75% of the HKT SSUs in issue as at the date of this Announcement, to shareholders of the Company (the “Shareholders”) on a pro rata basis. As the HKT SSUs are listed on The Stock Exchange of Hong Kong Limited (“HKEx”), in order to provide flexibility for Shareholders who do not wish to hold securities listed on the HKEx or whose entitlement to HKT SSUs pursuant to the Proposed Distribution may be uneconomic to trade, the Company will provide Shareholders with the right to elect to receive their entitlement to the Proposed Distribution in the form of cash, being an amount equivalent to the value of their entitlement to the Proposed Distribution (the “Cash Election”).
https://links.sgx.com/FileOpen/PCRD...in specie.ashx?App=Announcement&FileID=728507
https://www.sgx.com/securities/equities/P15
Not to be missed! Just like the CES, they often go unnoticed!

yes they are HK related stks , HK or china are not to be left out (ie why a separate thread created just for them too)