A lot have been said about these 2 counters. I just want to share some findings that I think is not yet cover by bloggers (to my best knowledge)
Let's start with APTT:
1) With the new dividends of 1.2 cents, and assume Capex of 75 Mio and Interest and tax expenses to remain constant, APTT will have a buffer of 4 to 8 Mio after Dividends from their generated cash flow. Good, dividends more or less safe.
2) APTT growth if any, can only come from broadband. Pay TV in Taiwan is not exactly the same as Singapore. Even streaming need Broadband.
They claim they have cost advantage, and they are able to offer their customers better speed without extra cost. I decide to investigate more.
I believe this is a important part of the business. Yet
https://www.cht.com.tw/en/home/cht/messages/2018/en-msg-181116-121200
I find Chung Hwa broadband rate highly ...
