Neratel

Neratel: Announced the sale of their POS payment business for $88m and estimates a gain of $71.5m. UOBKH expects special dividends of $0.16, based on 80% payout ratio. This coupled with regular dividends of $0.03 translates to $0.19 DPS, or 27.1% yield. The balance of NeraTel’s remaining business remains bright, underpinned by a record order book. UOBKH has a Buy call on NeraTel with TP of $0.835.