Three companies will be going ex-dividend on Tuesday, 19 June 2018. In other words, you need to own shares in the company before that day to receive their dividends. Let’s check out those companies. Asian Pay Television Trust (SGX: S7OU) Asian Pay Television Trust is Asia’s first listed business trust focused on pay-TV businesses. The trust’s sole investment currently, Taiwan Broadband Communications Group, is a leading cable operator in Taiwan. Asian Pay Television Trust is dishing out 1.625 Singapore cents per unit for the second quarter. For the three months ended 31 March 2018, total revenue slipped 7.7% year-on-year to…
Three companies will be going ex-dividend on Tuesday, 19 June 2018. In other words, you need to own shares in the company before that day to receive their dividends. Let’s check out those companies.
Asian Pay Television Trust (SGX: S7OU)
Asian Pay Television Trust is Asia’s first listed business trust focused on pay-TV businesses. The trust’s sole investment currently, Taiwan Broadband Communications Group, is a leading cable operator in Taiwan.
Asian Pay Television Trust is dishing out 1.625 Singapore cents per unit for the second quarter.
For the three months ended 31 March 2018, total revenue slipped 7.7% year-on-year to S$60.7 million while EBITDA (earnings before interest, taxes, depreciation, and amortisation) came down 7% to S$45.5 million. The poor performance was on the back of “challenging operating and economic conditions in Taiwan”.
Brian McKinley, chief executive of the trust, commented:
“Although the Trust had a slow start in 2018, our EBITDA for the full year is expected to be at the same level as 2017. This would be driven mainly by Broadband, which has showed reasonable progress in the quarter given the increase in RGUs [revenue generating units] and a stable ARPU [average revenue per user]. Basic cable TV RGUs are also expected to remain stable while ARPU is stabilising as 2018 regulated rates remain unchanged over 2017. Overall, we remain cautiously optimistic regarding our progress throughout 2018 and will continue to monitor market dynamics, along with enhancing our service offerings to drive growth.”
Units of Asian Pay Television Trust are currently going at S$0.44 apiece. The price translates to a price-to-book (PB) ratio of 0.5 and a distribution yield of 14.8%.
Sinarmas Land Ltd (SGX: A26)
Sinarmas Land is engaged in property development and rental through its operations in Indonesia, China, Malaysia and the United Kingdom. In Indonesia, the firm is the largest property developer in terms of strategic land bank and market capitalisation.
Sinarmas Land is giving out 0.7 Singapore cent per share for the fourth quarter.
For the full year ended 31 December 2017, revenue grew 47.5% year-on-year to a record high of S$1.3 billion mainly due to “higher sales of land parcels to Japanese and Chinese property developers and higher revenue recognized from handover of apartments in BSD City”.
Meanwhile, EBITDA surged 80% to S$750.9 million even though selling and general administrative expenses were higher for the year. Net profit, which ballooned 209.8% to S$356.0 million, was propped up by an exceptional gain from the divestment of Orchard Towers in 2017.
Margaretha Widjaja, the group’s executive director and vice-chairman of Sinarmas Land’s Indonesia division, said:
“The Indonesian economy continue to display resilience amidst global headwinds and geopolitical turbulences with GDP growing 5.07% in 2017, the fastest pace since 2013. Despite missing the growth target of 5.2% due to sluggish household consumption, rising commodity prices and global demand, coupled with continuous commitment by the Indonesian government to boost spending on infrastructure developments as well as continuous introduction of economic stimulus packages that seeks to curtail red tapes and simplify regulations is expected to support economic growth in 2018. However, the Group remains cautious on the outlook for property sales as domestic consumption may be hampered by June 2018 regional elections and 2019 general elections, where consumers usually adopt a wait-and-see approach.”
Sinarmas Land is now trading at S$0.31 per share, giving a PB ratio of 0.6 and a distribution yield of 4.8%.
Sunpower Group Ltd (SGX: 5GD)
Sunpower is involved in the design and manufacture of energy saving and environmental protection products with heat transfer technologies.
The firm is paying out 0.12 Singapore cent per share for the fourth quarter.
Revenue for the full year ended 31 December 2017 improved 20.9% to RMB 1.97 billion mainly on the back of higher revenue from the environmental equipment manufacturing and green investments segments. Meanwhile, net profit rose 2.5% to RMB 145.8 million, including the financial effects of convertible bonds issued in March 2017.
Shares of Sunpower are now exchanging hands at S$0.575 apiece. This gives a trailing price-to-earnings ratio of 7 and a dividend yield of 0.2%.
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The information provided is for general information purposes only and is not intended to be personalised investment or financial advice. Motley Fool Singapore contributor Sudhan P doesn’t own shares in any companies mentioned.