June to September 2015 Financial Results – Banks and Telecom sectors

Companies were reporting their financial results for the quarter ended 30 September 2015. In this post, I looked at the banking sector and the telecommunication services sector.

The following table provides information on net profit attributable to shareholders for the quarter and year-on-year change between 2015 against 2014. Dividend column shows dividend declared for the quarter.

Counter Net Profit ($m) YoY Change (%) NAV ($) Div ($) ROE (%)
DBS 1,066m 6.0 15.42 0 10.9
OCBC 902m -27.0 7.78 0 11.2
UOB 858m -1.0 17.49 0.20 11.8
Singtel 1,029m -0.8 1.54 0.068 Not Avail
StarHub 118m 21.5 0.11 0.05 Not Avail
M1 45m 0.8 0.394 0 Not Avail

NAV = Net Asset Value
Div = Dividend

Banks

DBS’ net profits increased 6% whereas UOB and OCBC declined.

In the case of OCBC, “excluding a $391 million one-off gain realised a year ago, the Group’s core net profit, however, grew 7% year-on-year”.

When comparing Return on Equity (ROE), UOB had the best ROE at 11.8% followed by OCBC (11.2%) and DBS (10.9%).

While celebrating 80th Anniversary, UOB declared a special cash dividend of 20 cents per share.

Telecommunication Sector

StarHub outperformed by increasing third quarter results by 21.5%. M1 and Singtel were flat with Singtel (-0.8%) and M1 (+0.8%).

Copyright © 2015, limkimtong for Living Investment

The material presented is intended to be general and written in layman’s language as much as it is possible. The author shall not be liable for any direct or consequential loss arising from any use of material written. Please seek professional advice from your financial advisor or financial institutions on material written covering financial matters.

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