SingTel

[CityFarmer]

Base on Digicel consortium's bidding info, updated the expected Capex outflow of SingTel on Myanmar telecom biz, if SingTel make it.

The previous forecast is approx S$1.5 billion in next 2 years (2013-2014) by SingTel, the rest are shared by other 2 partners.

Base on Digicel consortium bidding, total S$8.3 billion for 3 years (2013-2016), SingTel's share of Capex is re-estimated as S$1.85 billion over 2 years.

The new TP seems to be around $4.2-$4.6...

Bidding result will be announced around end June, there should shed more light on SingTel actual Capex on Myanmar...

June 4: SingTel, Yoma, City Dev, GLP

Singapore share prices ended 0.6% lower on Monday. Singapore's blue-chip Straits Times Index (STI) fell 20.29 points to end at 3,291.08.Here are some stocks to watch this Tuesday morning:

Manufacturing activity in Singapore quickened last month as new orders increased, in a further sign its factories have begun to turn the corner, an industry survey showed. The Singapore Institute of Purchasing & Materials Management's Purchasing Managers' index (PMI) rose to 51.1 points in May from 50.3 points in April.

SingTel, Southeast Asia's largest telecoms operator, said it has submitted its bid for a Myanmar telecoms licence with two local partners.

The Digicel consortium which consists of Yoma Strategic has submitted its tender application for a nationwide mobile phone licence in Myanmar. Digicel will invest almost US$9 billion ($11.3 billion) in a mobile phone network, with US$6.6 billion ($8.3 billion) of this to be directly invested in Myanmar.

http://www.theedgesingapore.com/the-dail...v-glp.html