SingTel Lowers Guidance on Australian Mobile; FVE Increases to SGD 3.60 on Favorable Currency Moves
Singapore Telecommunications' result for the fiscal 2017 second quarter (ended September 2016) was slightly below our expectations with revenue declining 2.3%, EBITDA declining 4.4%, and underlying net profit flat. Management cited increased competition in the Australian mobile market as one of the main reasons for lowering fiscal 2017 guidance to a low-single-digit revenue decline and stable EBITDA from low-single-digit revenue and EBITDA growth previously. The capital expenditure target of SGD...Singapore Telecommunications is engaged in the operation and provision of telecommunications systems and services, and investment holding. Co. provides a range of multimedia and Information and communications technology solutions, including voice, data and video services over fixed and wireless platforms. Within both Singapore and Australia, Co. provides mobile communications, data and Internet, national telephone, information technology and engineering, sale of equipment, international telephone and pay television. Co.'s key businesses include: Group Consumer, Group Digital L!fe, and Group Information and communications technology.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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