- Here
- wong chee tat :)
Showing posts with label dividend. Show all posts
Showing posts with label dividend. Show all posts
Wednesday, September 13, 2017
Monday, September 11, 2017
Japan to sell US$12b of Japan Post Holdings, growth potential under scrutiny
Japan to sell US$12b of Japan Post Holdings, growth potential under scrutiny
Japan's government on Monday said it will sell US$12 billion worth of Japan Post Holdings Co Ltd stock in an announcement that fund managers gave a tepid reception, saying limited growth prospects is likely to dull demand from institutional investors.
FILE PHOTO: A woman walks past an advertisement board of Japan Post at its headquarters in Tokyo, Japan January 30, 2017. REUTERS/Kim Kyung-Hoon/File Photo
11 Sep 2017 08:05PM (Updated: 11 Sep 2017 09:05PM)
TOKYO: Japan's government on Monday (Sep 11) said it will sell US$12 billion worth of Japan Post Holdings Co Ltd stock in an announcement that fund managers gave a tepid reception, saying limited growth prospects is likely to dull demand from institutional investors.
The sale will be the first since the 2015 initial public offering (IPO) of the postal firm and its two units, Japan Post Bank Co Ltd and Japan Post Insurance Co Ltd . That sale also raised US$12 billion, earmarked for reconstruction of areas devastated by an earthquake and tsunami in 2011.
"The company lacks growth potential appeal," said Kazuo Okabe, general manager at Fukoku Capital Management. "I don't think there will be strong demand from actively managed funds."
Japan Post, with 24,000 post offices and 400,000 employees, has spent the internet age minimizing the impact of a drop in letter delivery. It has also had to adjust to a competitive parcel delivery market that is booming thanks to e-commerce, but where the former monopoly is a distant third by market share.
M&A MISSTEPS
The national postal service prepared for its transition to private ownership with an attempt to demonstrate growth potential through acquisitions, aiming to become a global logistics firm akin to DHL operator Deutsche Post AG .
Advertisement
It bought Australian logistics firm Toll Holdings Ltd for AUS$6.5 billion (US$4.9 billion) but had to write down much of the acquisition. Talks to buy Nomura Real Estate Holdings Inc ended earlier this year after failing to agree terms.
"Japan Post cannot expect to realise strong growth on its own, it needs to pursue acquisitions. Management should not be timid about them even after the failure of the Toll deal," said a ruling-party lawmaker, who is influential over a firm still 80 per cent owned by the government. The lawmaker declined to be identified to speak candidly about the matter.
Japan Post's chief executive has said the firm can achieve growth through organic means alone.
OFFER SIZE
The latest sale, including extra shares to cover strong demand, would be equivalent to 22 per cent of Japan Post's outstanding stock, worth about 1.3 trillion yen (US$12.1 billion) based on Monday's closing share price of 1,321 yen. The IPO price was 1,400 yen.
The offer price will be set from Sep 25 to Sep 27.
Analysts said the pricing might be affected by the sheer size of the offering being difficult for the market to absorb. The offering is worth about 60 percent of total funds raised in Japan's equity market in 2016, Thomson Reuters data showed.
Japan Post also said on Monday it will separately buy back up to 100 billion yen worth of shares from the government.
DIVIDEND APPEAL
About 80 percent of IPO shares were offered domestically, of which 95 per cent were sold to retail investors.
Of particular appeal to retail investors is Japan Post's relatively high dividend yield, market participants said. The yield was 3.79 per cent at close of trade on Monday versus 1.8 percent for the benchmark average, Thomson Reuters data showed.
"Still, I think investors would rather choose Tokyo Electron Ltd , which has higher growth expectations," said Takato Tanikawa, fund manager at Bayview Asset Management, referring to a chip-making equipment maker whose yield is 3.2 percent.
"There are many other stocks with solid fundamentals and similar dividend yields," he said.
Goldman Sachs, Nomura Securities and Daiwa Securities are global coordinators for the offering.
Read more at http://www.channelnewsasia.com/news/business/japan-to-sell-us-12b-of-japan-post-holdings-growth-potential-9206370
- wong chee tat :)
Japan's government on Monday said it will sell US$12 billion worth of Japan Post Holdings Co Ltd stock in an announcement that fund managers gave a tepid reception, saying limited growth prospects is likely to dull demand from institutional investors.
FILE PHOTO: A woman walks past an advertisement board of Japan Post at its headquarters in Tokyo, Japan January 30, 2017. REUTERS/Kim Kyung-Hoon/File Photo
11 Sep 2017 08:05PM (Updated: 11 Sep 2017 09:05PM)
TOKYO: Japan's government on Monday (Sep 11) said it will sell US$12 billion worth of Japan Post Holdings Co Ltd stock in an announcement that fund managers gave a tepid reception, saying limited growth prospects is likely to dull demand from institutional investors.
The sale will be the first since the 2015 initial public offering (IPO) of the postal firm and its two units, Japan Post Bank Co Ltd and Japan Post Insurance Co Ltd . That sale also raised US$12 billion, earmarked for reconstruction of areas devastated by an earthquake and tsunami in 2011.
"The company lacks growth potential appeal," said Kazuo Okabe, general manager at Fukoku Capital Management. "I don't think there will be strong demand from actively managed funds."
Japan Post, with 24,000 post offices and 400,000 employees, has spent the internet age minimizing the impact of a drop in letter delivery. It has also had to adjust to a competitive parcel delivery market that is booming thanks to e-commerce, but where the former monopoly is a distant third by market share.
M&A MISSTEPS
The national postal service prepared for its transition to private ownership with an attempt to demonstrate growth potential through acquisitions, aiming to become a global logistics firm akin to DHL operator Deutsche Post AG .
Advertisement
It bought Australian logistics firm Toll Holdings Ltd for AUS$6.5 billion (US$4.9 billion) but had to write down much of the acquisition. Talks to buy Nomura Real Estate Holdings Inc ended earlier this year after failing to agree terms.
"Japan Post cannot expect to realise strong growth on its own, it needs to pursue acquisitions. Management should not be timid about them even after the failure of the Toll deal," said a ruling-party lawmaker, who is influential over a firm still 80 per cent owned by the government. The lawmaker declined to be identified to speak candidly about the matter.
Japan Post's chief executive has said the firm can achieve growth through organic means alone.
OFFER SIZE
The latest sale, including extra shares to cover strong demand, would be equivalent to 22 per cent of Japan Post's outstanding stock, worth about 1.3 trillion yen (US$12.1 billion) based on Monday's closing share price of 1,321 yen. The IPO price was 1,400 yen.
The offer price will be set from Sep 25 to Sep 27.
Analysts said the pricing might be affected by the sheer size of the offering being difficult for the market to absorb. The offering is worth about 60 percent of total funds raised in Japan's equity market in 2016, Thomson Reuters data showed.
Japan Post also said on Monday it will separately buy back up to 100 billion yen worth of shares from the government.
DIVIDEND APPEAL
About 80 percent of IPO shares were offered domestically, of which 95 per cent were sold to retail investors.
Of particular appeal to retail investors is Japan Post's relatively high dividend yield, market participants said. The yield was 3.79 per cent at close of trade on Monday versus 1.8 percent for the benchmark average, Thomson Reuters data showed.
"Still, I think investors would rather choose Tokyo Electron Ltd , which has higher growth expectations," said Takato Tanikawa, fund manager at Bayview Asset Management, referring to a chip-making equipment maker whose yield is 3.2 percent.
"There are many other stocks with solid fundamentals and similar dividend yields," he said.
Goldman Sachs, Nomura Securities and Daiwa Securities are global coordinators for the offering.
Read more at http://www.channelnewsasia.com/news/business/japan-to-sell-us-12b-of-japan-post-holdings-growth-potential-9206370
- wong chee tat :)
Tuesday, November 26, 2013
SGX hunting for 89,000 investors with $68.3m in unclaimed shares, dividends
SGX hunting for 89,000 investors with $68.3m in unclaimed shares, dividends
You could be richer than you think.
According to a release, Singapore Exchange (SGX) wants to locate 89,000 investors who own $68.3 million in unclaimed shares and dividends.
These unclaimed assets comprise $14.6 million of SingTel shares and dividends belonging to investors without Central Depository (CDP) accounts. The 15,000 individuals who own these shares bought them at $2.00 each in the company’s 1993 IPO. The shares have returned more than twice that amount since.
Also, the unclaimed assets account for $53.7 million of dividends belonging to investors who cannot be contacted. Each year, thousands of shareholders do not cash their dividend cheques.
Unclaimed dividends are returned to the relevant listed companies after six years. Currently, 74,000 investors have yet to claim $53.7 million in dividends which SGX is safe-keeping.
“This initiative highlights the benefits Singaporeans enjoy when they invest in shares over the long term. We hope to locate the rightful owners of these assets through this exercise while making Singaporeans more aware of the role share investing can play in their financial planning for their retirement and other needs,” said Chew Sutat, Executive Vice President at SGX.
“Many listed companies pay sizeable dividends. In the past 12 months, the 30 companies making up the Straits Times Index paid $15.5 billion in dividends, equivalent to a 3% yield.
We encourage investors to take advantage of SGX’s direct crediting service which automatically deposits their dividends into their bank accounts,” said Lynn Gaspar, Head of Retail Investors at SGX.
“It is always encouraging to hear real-life examples of investors who invested in shares for the long term and enjoyed healthy returns. There are two lessons here for all of us; first, share investing is a crucial part of financial planning and second, investors should monitor their company’s corporate actions and developments,” said David Gerald, President and CEO of the Securities Investors Association (Singapore).
To encourage investors to come forward during this initiative, SGX is waiving the administrative fee for the re-issuance of dividend cheques and dividend crediting until 26 January 2014.
- wong chee tat :)
You could be richer than you think.
According to a release, Singapore Exchange (SGX) wants to locate 89,000 investors who own $68.3 million in unclaimed shares and dividends.
These unclaimed assets comprise $14.6 million of SingTel shares and dividends belonging to investors without Central Depository (CDP) accounts. The 15,000 individuals who own these shares bought them at $2.00 each in the company’s 1993 IPO. The shares have returned more than twice that amount since.
Also, the unclaimed assets account for $53.7 million of dividends belonging to investors who cannot be contacted. Each year, thousands of shareholders do not cash their dividend cheques.
Unclaimed dividends are returned to the relevant listed companies after six years. Currently, 74,000 investors have yet to claim $53.7 million in dividends which SGX is safe-keeping.
“This initiative highlights the benefits Singaporeans enjoy when they invest in shares over the long term. We hope to locate the rightful owners of these assets through this exercise while making Singaporeans more aware of the role share investing can play in their financial planning for their retirement and other needs,” said Chew Sutat, Executive Vice President at SGX.
“Many listed companies pay sizeable dividends. In the past 12 months, the 30 companies making up the Straits Times Index paid $15.5 billion in dividends, equivalent to a 3% yield.
We encourage investors to take advantage of SGX’s direct crediting service which automatically deposits their dividends into their bank accounts,” said Lynn Gaspar, Head of Retail Investors at SGX.
“It is always encouraging to hear real-life examples of investors who invested in shares for the long term and enjoyed healthy returns. There are two lessons here for all of us; first, share investing is a crucial part of financial planning and second, investors should monitor their company’s corporate actions and developments,” said David Gerald, President and CEO of the Securities Investors Association (Singapore).
To encourage investors to come forward during this initiative, SGX is waiving the administrative fee for the re-issuance of dividend cheques and dividend crediting until 26 January 2014.
- wong chee tat :)
Wednesday, September 25, 2013
NTUC Fairprice dividend 2013
NTUC Fairprice declared special dividend of 2.5% and special rebate of 0.5%.
- wong chee tat :)
- wong chee tat :)
Subscribe to:
Posts (Atom)