TeleChoice

TeleChoice: CIMB initiates with $0.26 TP. Note that not all is lost as Android based handphones have been making their presence felt. A notable example is Samsung (a principal of TeleChoice) whose Galaxy S2 was sold out in SG. Also, tablets running Android operating systems have been making their way into the mkt.

A few tricks up its sleeves still. TeleChoice is diversifying its rev base, aided by the successful acquisition of a Co, S&I. Openet and cloud computing opens up new opportunities for the Group. In the handset business, there is room to add on new smartphone aspirants.

Backed by a strong track record of generous div payment, net cash balance sheet, limited capex needs, under utilised debt capacity and conservative management, TeleChoice has an impeccable record as a high dividend yield stock. Total expected return works out to 22.6%, 13.1% from share price upside and 9.5% in expected div return.