Singapore Shares Market Daily Update - 17 April 2013

Stocks in Focus: M1, SGX, Keppel Land

M1: 1Q13 net profit $41M, up 1.8% y/y and 8.4% q/q as service revenue rose 4.2% to $200m, led by growth in post-paid mobile and fixed customers. EBITDA Margin slid to 39.5% from 41.6% in 4Q12 Mobile customer base stood at 2.045m, of which 223K were 4G customers, while fibre customer base increased to 60K.

SGX: 3QFY13 results topped estimates with net profit of $97.7M on 16.5% increase in revenue to $190.6M. Securities daily average traded value was $1.7B, +17% y/y and +41% q/q, while derivatives volume hit a record 479K contracts, +52% y/y and +34% q/q. Total equity funds raised was $2.4B vs $484M a year ago. Interim DPS of 4¢ maintained.

Keppel Land: Partners China Vanke to jointly develop properties in S’pore and China.