Dividend Investing
$TEF:Telefonica finally agrees to buy Brazil’s Vivo for $9.8 Billion
Disclosure: Drizzt is vested in this stock.
Drizzt:
With this deal, Telefonica paid a premium, but the value of this deal could be higher than the price paid for Vivo. The synergy of Vivo’s mobile communication with Telefonica’s fixed line business to structure a comprehensive product could increase the switch over and increase revenue.
Telefonica SA agreed to [...]
DBS Expects Starhub to disappoint
DBS Vickers lifts Starhub (CC3.SG) target price to $2.20 from $2.06 after changing valuation basis to discounted cashflow model from P/E “as investors increasingly focus on free cash flow”, says Dow Jones. Still, keeps Fully Valued call as stock trading about revised target.
DBS Vickers says market’s focus in 2H10 will be telco’s non-mobile telephony business, [...]
Telecoms:The Argument for charging Peak Hour Mobile Data Rates rather than Tiered Data Caps
Drizzt:
After reading this article, the point driven across to me is that perhaps on a local context, the data bottle neck that was expected to be faced by telecoms like Singtel,Starhub and M1 will not happen.
The article argues that the bottle neck faced is in the 3G wireless spectrum rather than the backend network infrastructure. [...]
UBS Downgrades M1 Limited
After a string of favorable Analyst reports on M1 Limited we finally see UBS downgrading it, in line with my analysis here:
UBS downgrades M1 (B2F.SG) to Neutral from Buy, citing weak free cash flow, reduced likelihood of special dividend, limited broadband revenue upside when Singapore’s high-speed national broadband network rolls out in coming months, says [...]
High Yield Investing:M1 Limited Just kept rising
Here are today’s updated figures. The highlight for today have been the good performance of Parkway Life REIT. No doubt people believe that the acquisition of Parkway by Khazanah will be beneficial to Parkway Life REIT for more acquisition in Malaysia.
The key thing I notice today is the good performance of M1 Limited. Now I [...]
A Glimpse on how well SPH can monetize digital content
Drizzt:
To follow up to my interesting tidbit on the press industry here, this is a case study of how well the Times have taken to monetize their digital news.
Imagine SPH asking people to pay for reading Straits Times Online. Likely case, it will scare off a lot of people.
Will they replace their current revenue with [...]
Kindle Sales point to a world where SPH will have lower sales
I know there are a lot of fans of Singapore Press Holdings as a dividend stocks. I for one have not read a newspaper from them for some time.
I read mostly information from the web, which is less bias compare to what they put out.
I do know that most of my friends still subscribe to [...]
GLC and TLC IPOs tend to benefit themselves more than benefit investors
Drizzt:
So it is likely that Mapletree Investments will IPO more REITs (Mapletree Commercial Trust & Industrial Trust). My advice: Do not always be taken in by GLC and TLC IPOs. A lot of time we get the short end of the stick.
CitySpring, SP Ausnet and Singtel are cases where the GLC and TLCs aim is [...]
M1 Limited Q2 2010 Results:Increases customer base
It looks like the iPhone and Smartphone sales are controlling M1’s biggest problem the last few quarters, which is high churn rates. Here is a summary of what I think of their results:
Revenues improve since 2009, as well as from first quarter
Net Profit remains largely the same as previous quarter
On the balance sheet, net cash [...]
Bought Telefonica (ADR) $TEF:Undervalued Dividend Income Stock?
I initiated a position in Telefonica on Thursday at a price of USD 61.50.
Telefonica, together with its subsidiaries and investees operates in the telecommunications, media and contact center industries. Telefonica basic purpose is the provision of all manner of public or private telecommunications services, including ancillary or complementary telecommunications services or related services.
The Company operates [...]
I bought Starhub at a time where many of...
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