*Official* MasterLeong Thread - Part 2

[lewissac]

2.92 now... m1 nv move

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Yeah... jialat.

Likedat, expect 2.88 by todays closing?

 

[DamienK]

** OCBC Market Pulse (6 February 2017) **


StarHub Ltd: Dividend cut amid tough outlook
StarHub Ltd’s (StarHub) 4Q16 revenue rose 0.2% YoY to
S$634.8m but as operating expenses grew at a faster pace
of 2.7% to S$570.7m, 4Q16 EBITDA and PATMI plunged
13.6% and 33.2% YoY to S$135.7m and S$54.0m,
respectively. For FY16, revenue fell 1.9% to S$2396.7m, as
strong showing from broadband and enterprise fixed were
dragged by mobile, pay TV and lower sale of equipment.
Operating expenses declined 2.2% to S$1433.1m but on
lower service revenue and income grant, FY16 EBITDA
missed our expecatations as it slipped 3.2% to S$690.1m
and PATMI fell 8.3% to S$341.4m. While Starhub
maintained its FY16 dividend, it is expected to cut its FY17
dividend, as management also guided for much weaker
EBITDA margin on flat revenue in FY17. Given weak
earnings visibility, we cut our FY17F/18F EBITDA by 17.2%
/16.4% and lower our terminal growth rate from 0.75% to
0.50%. Consequently our DCF-based FV decreases from
S$3.05 to S$2.65. Downgrade Starhub from HOLD to SELL
as we see no near-term catalyst. Its expected dividend cut
(first since FY09) also does not bode well for a dividend
yield stock.

 

[DamienK]

** OCBC Market Pulse (6 February 2017) **


Frasers Logistics & Industrial Trust (FLT)
reported its 1QFY17 results which met our
expectations. Gross revenue came in at A$39.7m,
which was slightly lower than its IPO Prospectus
forecast (proportionally pro-rated for the quarter)
by 1.5%. The variance can be attributed largely
to the delay in acquiring the Martin Brower call
option property. This was completed on 30 Nov
2016, versus the projected acquisition date of 1
Oct 2016. However, its DPU of 1.74 S cents
exceeded its IPO Prospectus forecast by 6.1%
and was driven mainly by lower-than-expected
finance costs. FLT’s gross revenue and DPU
formed 24.3% and 25.9% of our FY17
projections, respectively. Looking ahead, we
expect FLT’s portfolio to remain resilient, as it
only has 0.6% and 3.5% of lease expiries (by
gross rental income) during the years ending 31
Dec 2017 and 31 Dec 2018, respectively. FLT’s
portfolio occupancy stood at a healthy 99.3%, as
at 31 Dec 2016, and it also has a long portfolio
WALE of 6.9 years. In terms of financial position,
FLT has a low gearing ratio 29.7%, as at end-
1QFY17. We will provide more details after the
analyst conference call. Maintain BUY on FLT,
but we will be reviewing our S$1.10 fair value.

 

[MasterLeong]

Starhub crashed 5% gg

 

[investmentsiao]

Its 7.33% now

Sent from Xiaomi REDMI NOTE 2 using GAGT

 

[lightchaser]

now 7% drop !

 

[FreshGradDays]

M1 earnings drop, starhub laosai
Starhub earnings drop, m1 no laosai.
Jialat

 

[EvilPaladin]

M1 earnings drop, starhub laosai
Starhub earnings drop, m1 no laosai.
Jialat

M1 pretty much factored in liao. not saying that it doesnt have headwinds.
SH not yet, think it will go 2.6x-2.7 for 6% yield?

 

[lbs]

Its 7.33% now

Sent from Xiaomi REDMI NOTE 2 using GAGT

omg

 

[akwl88]

m1 below $2

starhub close to ceo buy in price

enough mos liao?

 

[MasterLeong]

yeah i think SH should go towards 2.70 level for 6% yield given the huge amount of fear in the market

 

[Layers]

** OCBC Market Pulse (6 February 2017) **


StarHub Ltd: Dividend cut amid tough outlook
StarHub Ltd’s (StarHub) 4Q16 revenue rose 0.2% YoY to
S$634.8m but as operating expenses grew at a faster pace
of 2.7% to S$570.7m, 4Q16 EBITDA and PATMI plunged
13.6% and 33.2% YoY to S$135.7m and S$54.0m,
respectively. For FY16, revenue fell 1.9% to S$2396.7m, as
strong showing from broadband and enterprise fixed were
dragged by mobile, pay TV and lower sale of equipment.
Operating expenses declined 2.2% to S$1433.1m but on
lower service revenue and income grant, FY16 EBITDA
missed our expecatations as it slipped 3.2% to S$690.1m
and PATMI fell 8.3% to S$341.4m. While Starhub
maintained its FY16 dividend, it is expected to cut its FY17
dividend, as management also guided for much weaker
EBITDA margin on flat revenue in FY17. Given weak
earnings visibility, we cut our FY17F/18F EBITDA by 17.2%
/16.4% and lower our terminal growth rate from 0.75% to
0.50%. Consequently our DCF-based FV decreases from
S$3.05 to S$2.65. Downgrade Starhub from HOLD to SELL
as we see no near-term catalyst. Its expected dividend cut
(first since FY09) also does not bode well for a dividend
yield stock.

I tot Dividends already cut for 4q results. Where got maintain?

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[EvilPaladin]

I tot Dividends already cut for 4q results. Where got maintain?

Sent from Sony E6853 using GAGT

FY16 maintain, FY17 drop iirc

 

[RiceGrain]

Cdg small sign of recovery , bluechip investor moving from telco to transport?

 

[Retireready]

StarHub consecutive 3 quarters earning all toh kum drop in DPU by 20%, who also scared lol...

 

[MasterLeong]

I think M1 the dividends near 13 cents, so at 7% yield for M1 lower range is 1.85

for SH, dividends near 16 cents, so at lower range of say 6% yield seems around 2.70

 

[MasterLeong]

Cdg small sign of recovery , bluechip investor moving from telco to transport?

maybe is insiders movement

we outsiders must wait friday results

 

[MasterLeong]

ocbc cut SH to 2.65 gg max

 

[MasterLeong]

FLT posted good results but flat... maybe already ran up a lot to 95 cents

 

[Average]

ocbc cut SH to 2.65 gg max

ocbc usually gets it wrong rite? i think i should buy starhub soon

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