SingTel

This is perhaps one of the solid blue chips for Telco that you may want to take note of!

Yearly dividend of 17.5 cents .
Yield of 5.65% base on current price of $3.10.


Chart wise, looks bearish!
Immediate support is at $3.08. Next support is at $3.05 then $3.02.
The major support is at $3.00 region.

At $3.02, the yield would be 5.8% looks very attractive to me and is almost on par with most of the Reits counter that is yielding a yield of 5-7%.

I would be looking at the golden opportunity to accumulate if price further weaken to $3.05 and below.


Not a call to buy or sell.

Please do your own due diligence!


The management has made announcement in FY2017 that they would continue to payout 17.5 cents of dividend for 2 financial years.

The dividend of 17.5 cents for next 2 financial years is here.

Let us take a look at their past years financial numbers as per below tables:

Average Underlying Net Profit is about $3.7b.

Assuming future underlying Net profit may go lower, may be about $3.4-$3.5b.
0.75 X $3.45b = 2.5875 / 16.322(no of share) = 15.85 cents.

No of shares = 16.322 b 
Payout ratio 75% 

If Payout ration 60% , then dividend per share is about 12.7 cents.

Their free cash flow of about $3.6b I think has no problem to continue in paying out the dividend.