Sunday, February 10, 2008

SingTel

Overview
In the search for companies to add to my porfolio, I came across the finiacial report for SingTel. It is a blue chip that pays good dividends. I would choose it due to stability and US sub prime issue do not affect it fundamentally.

Domestic growth is good coming from segments as 1) mobile communications, 2) Data and Internet 3) Sales of equipment and 4) IT and engineering
Regional growth is contributed by Australia Optus (highly competitive market), India, Philippines, India, Indonesia, Taiwan and Thailand.

Fundamental Analyse
11Feb08, $3.78. TPE 15.52 and FPE 15.12. 52 week PE range 11.0 to 16.9.
Comparing
On 11 Feb, Singtel has trailing PE 15.52 times
On 11 Feb, Starhub has trailing PE 16.88 times
On 11 Feb, M1 has trailing PE 13.49 times

EPS is $0.262 (Y06), $0.238(Y07), $0.250(estY08) & $0.286(estY09)
Using 52week Historical PE of 11.0 to 16.9
Based on Y07 EPS, price should range from $2.618 to $4.022
Based on Y08 est EPS, price should range from $2.750 to $4.225
Based on Y09 est EPS, price should range from $3.146 to $4.8334

11Feb2008, $3.78, HPE 15.5, FPE 15.12
25Feb2008, $3.88, HPE 16.3, FPE 15.52, 76% est range. 8%up, 30%dw.

Financial Ratios:




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