For Q2, net profits were up 5% and revenues were up 2%, pretty decent results indeed. However for the first half of FY15, net profits were down 3% and earnings per share came in at around 10 cents. I'm expecting full year earnings to be around 20 cents, the same amount as their dividends of 20 cents for a 100% payout ratio. Looking at the net profit trend, starhub screwed up badly in Q1 of FY15, I do hope for Q3/Q4 to be rather table and in the 90+mil range. Outlook remains the same, I'm expecting zero earnings growth for this mature stock. I'll be happy to keep collecting the 20 cents dividends like how I did over the last 5 years. Update on Portfolio I added 3,000 shares of STI ETF today, as I feel that the index is pretty cheap at 3% dividend yield and 12+ times earnings. ......