A nicenwhite soldiers ( 2 Gap up) coupled with high volume this is rather positive!
Likely to rise further to retest 3.10!
Crossing over with ease + good volume that may drive the price higher to 3.20 then 3.25 level .
Not a call to buy or sell.
Pls dyodd.
1st March 2019
SingTel is trading at 2.94 which is pretty attractive that come with a dividend yield of 5.95%.
The management has mentioned during the financial result for Full year 2018 that the company likely to maintain its ordinary dividends at 17.5 cents per share for the next two financial years.
In a sideways-moving market environment in which the Dividend yield may well be All that you get for the next few years, the telco standout .
Quote: Dividend Policy Singtel is committed to delivering dividends that increase over time with growth in underlying earnings. Its dividend payout ratio is between 60% and 75% of underlying net profit. Singtel is also committed to maintaining an optimal capital structure and investment credit grade ratings.
Barring unforeseen circumstances, it expects to maintain its ordinary dividends at 17.5 cents per share for the next two financial years and thereafter revert to the payout ratio of between 60% to 75% of its underlying net profit.
For the past 5 years track record , its FCF has no problem to maintain in supporting the dividend payout policy . I am looking to add at 2.90 and below .
Not a call to buy or sell.
Pls dyodd.
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