Key financial data FYE 31 Dec FY10 FY11F FY12F FY13F Adj EPS (sen) 17.1 14.3 14.7 15.4 Adj P/E (x) 13.0 15.5 15.1 14.4 Net DPS (sen) 13.1 15.0 15.0 15.0 Div yield (%) 5.9 6.8 6.8 6.8 BVPS (RM) 1.00 1.12 1.16 1.22 P/B (x) 2.2 2.0 1.9 1.8 4g事业亏损旷大, 派息减少 --这个股票短期来讲 没设么吸引力 除非收长期 股价中期最近偏软 但是macd的方向有点背离 会不会是反弹上升的迹象? 我们还需要更多的观察才能确定 Its 4G WIMAX business disappointed as 3QFY11 revenue of RM9.4m was rather flattish q-o-q, considering that Yes was launched in November 2010 and had only an half a quarter impact in 2QFY11 of RM4.7m. Assuming 3QFY11 had a larger subscriber base than 2QFY11, the flattish q-o-q revenue would be contributed by lower ARPU per subscriber. Start-up losses from Yes widened from RM19.8m in 2QFY11 to RM76.0m in 3QFY11, likely due to aggressive marketing expenses and subscriber acquisition cost. Cumulatively, Yes recorded losses of RM103.7m A third interim net dividend of 1.875 sen was declared which was again lower y-o-y for the second consequtive quarter compared to 3QFY10’s 3.75 sen. Cumulatively, 9MFY11 net DPS of 7.6 sen was lower than 9MFY10’s 11.3 sen. Maintain HOLD recommendation and SOP-based target price of RM2.36. |
Friday, May 27, 2011
YTLP MACD与股价背离? 会不会是反弹迹象?
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