Latest quarterly results (Concluding Part)

This is the concluding part of blog posts on the same subject matter.

The table shows financial result of 14 companies with full year results ending 31 December 2015.

Stock Net Profit ($m) Change (%) TY Dividend ($) LY Dividend ($)
DBS 4,454.0 10.0 0.60 0.58
OCBC 3,903.0 2.0 0.36 0.36
UOB 3,209.0 -1.2 0.90 0.75
Keppel Corp 1,525.0 -19.0 0.34 0.48
SembCorp Ind 548.8 -31.5 0.11 0.16
SembCorp Marine -289.6 nm 0.06 0.13
CapitaLand 1,065.0 -8.2 0.09 0.09
City Developments 773.4 0.5 0.16 0.16
UOL 391.3 -43.0 0.15 0.15
ST Engr 529.0 -1.0 0.15 0.15
StarHub 372.3 0.5 0.20 0.20
M1 178.5 1.5 0.153 0.189
Comfort Delgro 301.9 6.5 0.05 0.045
SBS Transit 16.7 17.0 0.0105 0.0105

What is obvious is that marine and offshore type of businesses were badly affected by slump in oil prices. Net profits declined when compared with previous year. SembCorp Marine even registered loss in its profit & loss.

Next sector not doing well was property developers. UOL and CapitaLand both registered a drop in net profits for the year.

Telco’s performances were flat. Public transport companies did well.

The table below shows 8 companies with latest quarterly results. Most are third quarter performances ending 31 December 2015.

Stock Net Profit ($m) Change (%) TY Dividend ($) LY Dividend ($) Remarks
SPH 81.3 17.3 0 0 First Qtr
SGX 83.7 -3.3 0.05 0.04 Second Qtr
Singtel 953.5 -1.7 0 0 Third Qtr
SIA 274.9 35.6 0 0 Third Qtr
SATS 60.6 12.8 0 0 Third Qtr
SIA Engr 49.4 6.7 0 0 Third Qtr
Singapore Post 43.5 0.6 0.015 0.0125 Third Qtr
SMRT 36.8 63.5 0 0 Third Qtr

Except for SGX, Singtel and SingPost, all companies did well.

The following table shows the latest reported net asset values (NAV) of these companies. The Price to Book (P/B) ratios were computed based on share prices of 26 February 2016. The data is sorted by P/B values from lowest to the highest.

Stock NAV ($) Share Price P/B
UOL 9.91 5.69 0.57
CapitaLand 4.21 2.94 0.70
City Developments 9.89 7.20 0.73
SembCorp Ind 3.60 2.67 0.74
Keppel Corp 6.13 5.16 0.84
DBS 15.82 13.59 0.86
UOB 17.84 17.05 0.96
OCBC 8.03 8.02 1.00
SIA 10.97 11.53 1.05
SembCorp Marine 1.2024 1.545 1.28
SPH 2.28 3.73 1.64
SBS Transit 1.00 2.05 2.05
Singapore Post 0.6897 1.45 2.10
Singtel 1.54 3.70 2.40
SIA Engr 1.313 3.45 2.63
Comfort Delgro 1.086 2.98 2.74
SMRT 0.583 1.63 2.80
SATS 1.318 3.90 2.96
ST Engr 0.6874 2.85 4.15
M1 0.441 2.56 5.80
SGX 0.825 7.14 8.65
StarHub 0.108 3.41 31.57

The property developers were trading at low P/B ratios. Both SembCorp Industries, Keppel Corp, and three local banks DBS, UOB and OCBC were trading below 1.0.

Note: I looked at some blue-chip companies that are mainly from the STI component stocks. Some are mid-cap stocks. Most companies have 31 December as their year-end.

Disclaimer: The author disclaimed liabilities on use of this post by readers for investment decisions. Use them with caution.

Copyright © 2016, 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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