The Trading Floor - April 2018

Discussion in 'The Trading Floor' started by nottibird, Apr 2, 2018.


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  1. nottibird

    nottibird Moderator

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  2. nottibird

    nottibird Moderator

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    Waaaaaaaaaa.... THANK YOU Dai Lole. aa1(4a).gif
     
  3. Amator

    Amator Well-Known Member

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    SINGAPORE (Apr 16): Keppel DC REIT Management announced that Keppel DC REIT recorded 1Q18 DPU of 1.80 cents, 4.8% lower than 1.89 cents in 1Q17.

    Gross revenue for the quarter was 17.9% higher at $38.0 million, compared to $32.2 million last year.

    This was attributable to higher gross rental income and higher other income.

    Gross rental income increased 16.7% to $36.9 million from $31.6 million in the previous year, mainly contributed by the full quarter rental income from KDC DUB 2 and KDC SGP 3, higher variable income from KDC SGP 1 and lower non-cash adjustment for straight-lining of rental income at Gore Hill DC. Furthermore, overseas contributions increased from the appreciation of GBP and EUR against SGD. These were partially offset by lower rental income from Basis Bay DC and Gore Hill DC.

    Other income was 88.6% higher y-o-y at $1.09 million, mainly due to the higher rental top up recognised as compared to 1Q17 as well as higher ad hoc service revenue and power-related revenue.

    Property expenses also increased by 16% to $3.92 million from $3.38 million a year ago.

    Therefore, net property income came in 18.2% higher at $34.1 million from $28.8 million in 1Q17.

    Finance costs increased by 15.7% to $3.99 million compared to $3.45 million last year.

    During the quarter, the REIT incurred other trust expenses of $0.85 million, compared to income of $1.37 million in 1Q17.

    Distributable income was $20.9 million in 1Q18, 4.1% lower than 1Q17’s $21.8 million due to the absence of the one-off capital distribution recorded in 1Q17 from the Keppel DC Singapore 3 acquisition last year.

    On the outlook, the REIT’s manager will build on its established track record and global client base and capitalise on growth opportunities in the data centre industry to expand and strengthen its portfolio of quality assets.

    Separately, the REIT also announced that Christina Tan will be appointed as chairman of the board with effect from Apr 18, succeeding Chan Hon Chew. She will also be taking over Chan’s role as chairman of the executive committee.

    Tan is the CEO of Keppel Capital Holdings, the asset management arm of Keppel Group.
     
  4. Amator

    Amator Well-Known Member

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    SINGAPORE (Apr 16): M1 reported a 0.9% rise in first-quarter earnings to $34.1 million in 1Q18 from $33.8 million in 1Q17.

    Operating revenue rose 0.5% to $254.1 million from $252.8 million. Service revenue increased 3.0% to $184.7 million, driven by higher fixed services and postpaid revenues with the growing corporate and government segment contributed 37% of service revenue.

    Fixed services revenue increased 13.9% to $31.9 million, accounting for 17.3% of service revenue. The growth was driven by increased signups in both the residential and corporate segments. M1 ended the quarter with a 5,000 increase in fibre customers to 194,000.

    Mobile services revenue increased 2.6% to $140.9 million. Contribution from mobile data increased to 61.3% of service revenue, up from 54% a year ago. Average postpaid smartphone data usage was 4.5GB per month in the first quarter of 2018, up from 3.7GB per month a year ago.

    During the quarter, M1 added 12,000 postpaid customers, to bring the postpaid customer base to 1.3 million as at 31 March 2018. Monthly postpaid churn remained stable year-on-year at 1.0%.

    In its outlook, M1 says it is progressively scaling up its Info-Communication Technology (ICT) and digital capabilities.

    "We are at the forefront of Internet-of-Things (IoT) solutions and are well placed to capture the growth in the Corporate and Government segment that is driven by digital transformation and Smart Nation initiatives," says M1.

    As a premium service provider competing on quality service and customer experience, M1 will continue to strengthen its telco core and enhance its offerings and value propositions to address the needs of its customers.
     
  5. Amator

    Amator Well-Known Member

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    SINGAPORE (Apr 16): UOB Kay Hian is maintaining its “buy” call on Singapore Telecommunications (Singtel) with a target price of $4.35.

    Singtel has been the least affected by the entrance of Singapore’s fourth mobile operator, TPG Telecom, as overseas business accounts for about 70% of its bottom line.

    However, in Indonesia, 35%-owned Telkomsel’s revenue from legacy voice and SMS have succumbed to cannibalisation by data and competition from XL Axiata and Indosat.

    Revenue from voice increased 8.7% y-o-y in 1H17, but declined by 7.2% y-o-y in 2H17.

    Revenue from SMS started declining earlier with a contraction of 7.9% y-o-y in 2H16, which then accelerated to 14.1% y-o-y in 1H17 and 21.7% y-o-y in 2H17.

    Meanwhile, competition from Axiata and Indosat have caused the group’s data-driven growth to moderate.

    And although data traffic continued to increase by 127% y-o-y in 4Q17, bolstered by customers migrating to flash data packages, as well as increasing number of data users and smartphone users, the effective pricing for data has declined 41.5% y-o-y to IDR14/MB in 4Q17 due to competition.

    Nonetheless, revenue from data, its main engine of growth, has increased 32.7% y-o-y in 3Q18.

    EBITDA margin was seasonally lower at 54.1% in 4Q17 compared to 58.7% for 9M17, but the analyst believes that this should normalise upwards as expenses receded in 1Q18.

    Elsewhere in India, the group’s 39.5%-owned Bharti Airtel has been facing price competition from Reliance Jio over the past year.

    “We estimate that Reliance Jio is currently pricing at a discount of about 15% relative to its larger peers,” says Koh.

    Reliance Jio achieved net profit of INR5.04 billion ($101 million) during the second quarter of commercial operations, from Oct to Dec 2017. It clocked net addition of 21.5 million subscribers to bring its subscriber base to 160.1 million as of Dec 2017.

    In addition, the pricing erosion caused by Reliance Jio’s entry has triggered the demise of many small players, which turned out to be a blessing in disguise for Bharti Airtel, as it was able to acquire assets from Telenor India and Tata Teleservices at distressed valuations.

    In 1Q18, the group’s share price corrected 5.6%. According to the analyst, this is a part of a global switch from defensive to cyclical stocks due to expectations of robust growth for global GDP prevailing then.

    “Given recent concerns on geopolitical tension over trade conflicts, we do not expect a similar repositioning of portfolio to be repeated in the near term,” says Koh.

    Nontheless, the analyst’s net profit forecast for FY19 remains unchanged as moderation in earnings contribution from regional mobile associates was offset by strong growth from Optus in Australia.
     
  6. boyboy

    boyboy Well-Known Member

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    Visited your new playground - ShareJunction.
    Very happening and much more active.
     
  7. nottibird

    nottibird Moderator

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  8. nottibird

    nottibird Moderator

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    So long no see you.
    Did you go to my thread at ShareJunction to looksee?
    Just to let you know you can find me there if cannot find me here.
     
  9. plutus2

    plutus2 Well-Known Member

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    thats is the face mask for wintery season or during hazy time
     
  10. nottibird

    nottibird Moderator

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  11. nottibird

    nottibird Moderator

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  12. boyboy

    boyboy Well-Known Member

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    Joined you for some Sex fun.
     
  13. nottibird

    nottibird Moderator

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    SEX...

    JEEP at 7.42 and 7.44.
     
  14. nottibird

    nottibird Moderator

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    Waaalau eh !!! Smart dog !!!


    [​IMG]
     
  15. Amator

    Amator Well-Known Member

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  16. nottibird

    nottibird Moderator

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    Wenla. Its a one-off and the US already said "mission accomplished".
    I wonder when such a mission comes about, what is the mindset of US pilots?
    Is it a case of Singapore lung style... "please dont call me...poh pee poh pee..." or is it every pilot there says... "I want ! I want ! Pick me !!! Pick me !!!"
    I think it is the "Pick me" scenario.
    Becoz they are all eager for real action, not just live firing practices.
     
  17. plutus2

    plutus2 Well-Known Member

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    Market in cautious mood.. not sure if the moron will fire more missiles
     
  18. nottibird

    nottibird Moderator

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    Wait for the dust to settle. No broadbased selling from the opening bell is by itself good news.
    Air strike was a one-day event. Already ended.
    And life goes on.
    And its not as if Syria is able to retaliate in such a way as to drag everyone into a war with US, Britain and France.
    Dow Futures at +132 pts.
     
  19. plutus2

    plutus2 Well-Known Member

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    good moring
     
  20. nottibird

    nottibird Moderator

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    aa1(8).gif Good !!!
     
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