Singtel is a telecommunications company with regional business. They've announced their full year results ending 31 March 2015 today and its looking great.
Revenue up 5%
Net Profit up 5%
Ordinary dividend up 1 cent to 17.5 cent
Overall, Singtel's FY15 results is encouraging and steady. What I like most is that its results has been consistently improving year on year (excluding currency fluctuations). Most importantly, core dividends have been steadily increasing too.
I love these kind of businesses: boring, plain, no surprise.
Only then will I have a peace of mind.
Also, what's encouraging is that 61% of their postpaid customers are on tiered plans, with 26% of those exceeding their data caps. This shows that there's room for growth in data monetisation.
Being a regional telco, we can either say that they've diversification or that they have multiple risks of vulnerability. Either way, as long as ......