StarHub rated HOLD

(chart source: chartnexus)

Company Profile: StarHub Limited is a Singapore-based provider of mobile, Pay TV, broadband and fixed line services.

Major Shareholder:
1. Temasek Holdings (49.1%)
2. NTT Investment (10.0%)

Dividend accumulated for the year : SGD0.18 ONE-TIER TAX

AmFraser Research in an Oct 21 research report says: "Recent price fall reflects much negative impact from the loss of key sports content in the Barclays Premier League (BPL) and ESPN Star Sports. We have cut our EPS forecasts by 5% in FY2010 and FY2011, based on a worst case scenario of StarHub losing all sports pack revenues and a 10% cable TV subscriber migration.

"Strpping off $80 million in expenses on a full year basis from 2H 2010 revises our EBITDA forecast margin for FY2011 from 31.3% previously to 31.7%. We have lowered our fair value to $1.94 - based on a DCF approach - revising our terminal growth assumption from - 5% to -6% on the back of reduced opportunities and increased competition in the Pay TV market. StarHub is currently trading close to our fair value. HOLD"

(source:http://www.theedgesingapore.com/component/content/8937.html?task=view)

Strategy: Hold at this level while support is mainly at SGD1.85. Anything below SGD1.90 is worth buying.

United Envirotech bags contract for Phase 1 building of wastewater recycling plant in China for $29.5m

Mainboard-listed United Envirotech, one of the leading membrane-based water and wastewater treatment solutions providers, says it has secured a contract to build and operate a 160,000 cubic metres/day wastewater treatment and recycling plant in Hegang City, Heilongjiang province, China, for a concessionary period of 30 years.

The BOT project will consist of two plants both slated for completion over two phases.

Phase One of the project will comprise the building of the wastewater treatment and recycling plant with treatment capacity of 80,000 cubic metres/day to be completed by next October.

Together with the construction of common facilities, the total cost of investment for Phase One is estimated to be RMB145 million ($29.5 million).

(source:http://www.theedgesingapore.com/the-daily-edge/business/9001-united-envirotech-bags-contract-for-phase-1-building-wastewater-treatment-plant-in-heilongjiang-for-596m.html)

Gambling boost - Genting Singapore

Kim Eng Holdings Ltd.’s Singapore-based property analyst Wilson Liew said price increases were more subdued for landed and luxury properties only because buyers in that segment typically tend to exercise more caution.

“Because of the absolute quantum that’s required to purchase such apartments, some people are waiting,” Liew said in a phone interview before today’s price statistics. “Buyers want to see the integrated resorts become fully operational because they’re targeted at bringing in the high-rollers. If they put Singapore in the limelight, more people will start putting their money in.”

Genting Bhd., Asia’s biggest publicly traded casino operator, may open its $6.6 billion resort in Singapore before the end of 2009, CIMB Investment Bank Bhd. said Aug. 4 after a recent visit to the site, while Las Vegas Sands Corp. aims to open its casino-resort on the island by February.

Singapore Tourism Board Oct. 12 stuck to its forecast of attracting 17 million tourists to the city-state by 2015 and tripling tourism revenue to $30 billion.

(source:http://www.theedgesingapore.com/component/content/8994/8994.html?task=view&start=1)