|Bid||3.3800 x 0|
|Ask||3.3900 x 0|
|Day's range||3.3500 - 3.3900|
|52-week range||2.8300 - 3.5600|
|Beta (3Y monthly)||0.60|
|PE ratio (TTM)||37.67|
|Earnings date||12 Feb 2020 - 17 Feb 2020|
|Forward dividend & yield||0.17 (5.06%)|
|1y target est||3.70|
* U.S. slaps tariffs on Brazil, Argentina * Also proposes duties on French imports * Weak U.S. manufacturing data adds to gloom * Singapore falls for sixth time in seven sessions By Soumyajit Saha Dec 3 (Reuters) - Most Southeast Asian stock markets ended lower on Tuesday as U.S. tariffs on Brazil and Argentina threatened to aggravate global trade tensions, while weak U.S. factory data added to the dour sentiment. The Trump administration on Monday announced tariffs on U.S. steel and aluminium imports from the Latam countries and vowed duties of up to 100% on French goods.
About three dozen firms including ride-hailer Grab, Standard Chartered and Singapore Telecommunications are in talks to form consortiums that can meet tough entry norms to bid for Singapore's digital bank licences, sources said. Singapore's biggest liberalisation of its banking sector in two decades seeks to enable online-only banks that can operate at lower costs and therefore offer different services than those of incumbents including DBS Group and OCBC.
* Singtel posts first ever qtrly loss, shares drop * Malaysia Q3 GDP in line with expectations * Philippines on track to snap five weekly gains By Anushka Trivedi Nov 15 (Reuters) - Southeast Asian stock markets were tepid on Friday, as a raft of lacklustre data from leading economies left investors skittish, while renewed hopes of a Sino-U.S. trade deal limited sharp declines, with Indonesia seeing its best day in near two weeks. The weakness in China's economy reflected an impact from the prolonged tariff dispute to global economic growth. Data released on Thursday showed that factory output growth in China, Southeast Asia's biggest trading partner, had slowed significantly more than expected in October.
Bharti Airtel said it made a provision of 284.50 billion ($3.99 billion) rupees after India's Supreme Court last month upheld a demand by the telecoms department that wireless carriers pay 920 billion rupees in overdue levies and interest. Singtel, Southeast Asia's largest telecoms firm, reported a 3% rise in underlying net profit to S$737 million for the quarter. Singtel is the biggest shareholder in Bharti Airtel, with an effective stake of about 35%.
Singtel on Thursday posted a second-quarter loss of S$668 million ($491.29 million) hurt by a one-time charge recorded by India's Bharti Airtel. Bharti Airtel said it made a provision of 284.50 billion ($3.99 billion) rupees after India's Supreme Court last month upheld a demand by the telecoms department that wireless carriers pay 920 billion rupees in overdue levies and interest. Singtel, Southeast Asia's largest telecoms firm, reported a 3% rise in underlying net profit to S$737 million for the quarter.
Oversea-Chinese Banking Corp Ltd, Singapore's second-biggest listed bank, said quarterly profit fell 6%, hurt by a one-off charge for its Indonesian unit that overshadowed growth for its wealth management and lending businesses. In particular, higher wealth management fees helped offset a challenging environment as Singapore narrowly dodged a recession in the third quarter due to the trade war between the United States and China - two of the city-state's biggest export markets. Net profit came in at S$1.17 billion ($861 million) for the July-September quarter, the lowest level in three quarters but in line with a S$1.19 billion average estimate of five analysts, according to data from Refinitiv.
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* Singapore non-oil domestic exports shrink for 7th month * Philippines retreats from near four-week high * Indonesia set to post fifth straight session of gains By Sameer Manekar Oct 17 (Reuters) - Most Southeast Asian stock markets were tepid on Thursday as hopes of a Sino-U.S. trade deal waned amid a lack of concrete details, while the Indonesian index extended gains ahead of President Joko Widodo's cabinet formation due this weekend. U.S. Treasury Secretary Steven Mnuchin said that U.S. and Chinese negotiators were working on finalising a Phase 1 trade deal for the Chinese and U.S. presidents to sign next month, but said that there were no plans for another high-level meeting on the trade deal outlined last week. The Indonesian index was poised to close firmer for a fifth session, lifted by the consumer sector, with food processor Indofood Sukses Makmur and Unilever Indonesia Tbk PT rising 1% and 0.9%, respectively.
SINGAPORE (Oct 14): Citi Research believes there is little likelihood for Singapore Telecommunications (Singtel) to cut FY21 dividends to 13-15 cents/share from the current 17.5 cents/share, despite worries raised by some quarters of the market recently. In an Oct 10 report, DBS Group Research said Singtel may be forced to abandon its fixed dividend policy and peg dividend payouts to underlying earnings to relieve some burden off its balance sheet. Earlier in March, ratings agency Moody’s Investors Service had also revised Singtel’s credit ratings outlook from “stable” to “negative” citing continued pressure on the telco’s EBITDA and cash flows.
SINGAPORE (Oct 10): Singapore Telecommunications (Singtel) may be forced to abandon its fixed dividend policy as outlook for its regional associates stays challenging, says DBS Group Research. In March, Moody’s Investors Service revised Singtel’s credit ratings outlook from “stable” to “negative” citing continued pressure on the telco’s EBITDA and cash flows. The credit ratings agency said it would consider downgrading Singtel’s credit rating, should the company’s Net Debt-to-Adjusted EBITDA (core EBITDA plus cash dividends from associates) remain elevated at over 2x or if Singtel’s core EBITDA margins continue to remain below 30%.