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SingTel
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SgYuan
Supreme |
18-Aug 20:40
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singtel day
w4 136 px hit market bad this must hold then w5 253 come |
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Power152100
Senior |
19-Aug-2021 12:09
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No average, which lots got earn just let go, but got keep 50lots for digital bank set up will be up alot, maybe can reach $5 or $6 but that will be very long time, yearrrrrrr
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tpohwashere
Veteran |
19-Aug-2021 11:16
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If there' s one stock that I have strong conviction, it is Singtel. Come on, Moon has already set himself up nicely by writing off all losses in previous Fy. If there' s one big plus in any company, it' s a CEO who' s juggling every ball to make his mark. Unless there' s a market wide upheaval like a US market crash, Singtel is going all the way to $2.80 by Dec. |
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vivacious
Supreme |
19-Aug-2021 10:49
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nice! Average down, or fresh new entry?
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ckmpd1
Supreme |
19-Aug-2021 10:26
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Power152100
Senior |
19-Aug-2021 10:24
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Just load 10 lots at 2.37 | ||||
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vivacious
Supreme |
19-Aug-2021 09:21
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220 i will LOAD with CPF liao..
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vivacious
Supreme |
19-Aug-2021 09:20
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below 230 (IF that happens)i will load a bit more.
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actan99
Master |
19-Aug-2021 09:20
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still very cheap, good to accumalate at this price range. |
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ttworld
Member |
19-Aug-2021 09:08
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long term holders huat ar!!!! but i sincerely hope it either shoot up OR drop ro $2.20 la... then i can accumulate more jus dun travel sideways... |
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Zerocool888
Master |
19-Aug-2021 09:04
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We both keep calm a long time liao lor. Just that some create noise as trying to scare traders away. Each time drop a few cents, you can smell and hear them from a billion miles away. Hahaha??we long term holders are not effected at all. Just wait to collect the next dividend. LONG LONG ALL THE WAY!
HUAT AH!
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vivacious
Supreme |
19-Aug-2021 08:21
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KEEP CALM, LONG TO ENJOY and BRING YOUR BROLLY OUT COZ IT' S A RAINY DAY
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Zerocool888
Master |
19-Aug-2021 08:10
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We are heading into an even faster changing and digital connection world. Gone are the old days of wired connection as we leap into the world of 5G and the future 6G. Everything evolves with telecommunications and Singtel overseas investments are paying off. This is just one of the many business Singtel have grown steadily and set to accelerate further in the next 5 years and so on. Let us all hope this counter will slowly but surely rise to the occasion. Just need to be patience.
Long to enjoy! This is not a financial advise and please note that all investments have a risk involved. Invest within your own means and do not follow blindly.
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Entropy72
Master |
18-Aug-2021 20:40
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Why Did Singtel Reject Takeover Bid for Thai Telecom Giant?
The past three decades have seen the Singaporean firm expand successfully into regional telecoms markets. James Guild | | Why Did Singtel Reject Takeover Bid for Thai Telecom Giant? Credit: Flickr/jeffrey james pacres In April, a major Thai energy company made moves to expand its role in the country?s telecom sector. As reported by Reuters: ?Gulf Energy Development Thailand?s biggest power producer, run by billionaire Sarath Ratanavadi, offered a $5.4 billion bid on Monday for Intouch Holdings, which controls the country?s top mobile phone operator AIS.? The Bangkok Post, citing industry sources, later reported that ?Gulf is close to the government?s key figures as well as Digital Economy and Society (DES) Minister Chaiwut Thanakamanusorn,? and that the company was looking to become a major player in Thailand?s telecom industry. But there was one obstacle. The deal needed sign-off from Singtel, Singapore?s top telecom company which is majority owned by sovereign wealth fund Temasek. According to the Business Times, Singtel has a 23.3 percent stake in AIS, and 21.2 percent ownership of AIS? controlling shareholder Intouch Holdings. At the end of July, Singtel indicated it would not accept Gulf?s offer on the grounds that it was under-valued and Intouch is a strategic asset. For now, Gulf Energy?s ambitions in the Thai telecom market will have to wait, or proceed via a different route. Why did Singtel pass on the offer? Well, the obvious reason is because they didn?t think it represented fair value. But it?s also worth considering the strategic implications of Singtel?s holdings in the region. Up until 2000, Singtel had a monopoly on Singapore?s domestic telecom industry and in the 1990s, it started using these monopoly profits to aggressively expand its regional footprint. Over several years it acquired stakes in Thailand?s AIS, India?s Bharti Airtel, the Philippines? Globe, and Indonesia?s Telkomsel. It purchased Australia?s Optus outright in 2001. These investments have been very profitable. According to Singtel?s 2020 financial statement, AIS alone with its dominant position in the Thai market netted SG $1.3 billion in profit on $8 billion in revenue, and paid a $212 million dividend to Singtel. In total, Singtel derived SG $1.4 billion in cash dividends from all of its joint ventures and associates in 2020. So Singtel, and its holdings in the region, make a lot of money. But they are also in some measure a projection of Singaporean soft power through outward investment. National telecom industries and their ownership structures often go beyond simple financial calculus and can become very political. For instance, in 2007, Indonesian regulators ruled that Temasek could not hold indirect stakes in two domestic telecom companies at the same time: Singtel owned shares in Telkomsel, and wholly owned Temasek subsidiary ST Telemedia held shares in Indosat. Ultimately, ST Telemedia was forced to divest its holdings. Gulf Energy?s play for Intouch and AIS may be driven by a similar nationalist impulse to regain control over a politically sensitive industry. Enjoying this article? Click here to subscribe for full access. Just $5 a month. And there is likewise an element of geopolitics and strategy in Singtel?s decision to hold onto them for the long-term. When it first began expanding outside of Singapore, Singtel?s ambitions were sometimes thwarted or downplayed. As this 20-year-old piece from the New York Times shows, investors felt at the time that Singtel CEO Lee Hsien Yang (the son of Lee Kuan Yew and brother of current Prime Minister Lee Hsien Loong) overpaid for Optus. The article gives the impression that, at least in some quarters, Singtel was viewed back then as just another inefficient state-owned company being propped up by government largess and family connections, and that it would struggle to compete on equal footing with global rivals. But Singtel?s current position as a well-run and profitable regional powerhouse has proven it can compete globally, and vindicated Singapore?s outward-looking investment strategy. So is there a price at which it would be willing to give up an asset like AIS, which not only pays out steady dividends but also helps to project Singaporean soft power by burnishing its image as a global financial hub and major regional investor? There might be, but it?s probably going to come at a premium. |
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Entropy72
Master |
18-Aug-2021 20:23
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We can expect Airtel to register strong revenue and profits over next few years as tariffs increase in India.
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Entropy72
Master |
18-Aug-2021 20:22
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Telecom tariffs zoomed 25 % in last 3 years
There is headroom for further hike, say analysts Ayushi Kar WIDE Indian telecom consumers are paying about 25 per cent more for voice and data services than what they were paying in 2018-19. While this is good news for telecom operators, it also indicates that subscribers are willing to pay more for better quality services. According to Priyanka Bansal, Associate Director of Corporates, India Ratings & Research, the last major tariff hike occurred in December of 2019, besides which, no direct tariff hikes have been seen in the sector apart from revision in tariffs for select plans. Therefore increase in Average Revenue Per User (ARPU) is likely to be a result of the change in the mix of the subscriber base, wherein broadband subscribers are increasing as the percentage of the overall subscriber base. Increase in ARPU The increase in tariffs has resulted in an overall increase of 31 per cent in ARPU for the operators, in the past three fiscal years, starting at ₹ 110 in FY19 to ₹ 145 in FY21, according to CRISIL Research. The Average Monthly Payout for basic 2G services has increased by 23 per cent (from ₹ 52 in FY19 to ₹ 64 in FY21) while the price per GB for 3G and 4G services has increased 26 per cent (₹ 4.6 in FY19 to ₹ 5.8 in FY21). Also read: ?5G tech can power India to one of top two markets for Ericsson? Experts believe that there is headroom to increase tariffs that would drive operators? ARPU by an additional 37 per cent to ₹ 200, a level that will set the market for the industry to thrive. The consensus among experts is that that although the telecom market is price sensitive, demand for telecom services will be inelastic to a 30-40 per cent increase in tariffs, should operators collectively do the same. However, consumers might downgrade to lower data plans, lose their second sim, and shift operators as a consequence of the price hike. More broadband subscribers According to the data published by the Telecom Regulatory Authority of India, the percentage of broadband subscribers from the total number of telecom subscribers has increased to 64.4 per cent, in May 2021 from 47 per cent in March of 2019. Prashant Singhal, global emerging markets leader for media & entertainment and telecommunications at Ernst & Young said, ?ARPU coming from a customer with a 4G data plan is going to be higher than those on 2G services, as subscribers are upgrading to 3G and 4G services. So ARPU will increase even without tariff hikes.? ?Telecom tariffs in India are one of the lowest in the world,? said telecom industry expert Hemant Joshi, ?Operators are low on cash, and especially if they wish to invest in the upcoming 5G wave, they will need more revenue. Present networks will also deteriorate, should operators not have enough funds to maintain it.? he further added. According to Singhal, expenditure on telecom services is a very small part of disposal income for subscribers across the socio-economic strata. ?It is not like we have not paid high telecom tariffs as a country in the early 2000s when telephone bills could go as high up as Rs 20,000. This means that demand for these services is relatively inelastic? Singhal said. ?Paying an additional 10-20 per cent on your present plan is doable for everyone, especially given the essential services this industry has provided during the pandemic? Singhal added. Explaining how the market reacted to the December 2019 tariff hike, Isha Chaudhary, Director, CRISIL Research said, ?While the subscribers base did see a churn in the following months, the loss seemed transitory as the current subscriber base has already exceeded pre-tariff hike levels.? The onset of pandemic and increase in demand for telecom services has also aided in an uptick of subscriptions. Surveys conducted by Ericsson have also found that consumers are willing to pay more for the upcoming 5G technology, with Indian subscribers willing to pay an additional 50 per cent in tariffs for 5G services in 2021. However, experts warn that subscription rates might change as households downgrade to a single sim or subscribers let go of their secondary sim. |
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Entropy72
Master |
18-Aug-2021 19:13
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Vodafone Idea hopeful of justice in AGR case
2021-08-18 | Sreejiraj Eluvangal Vodafone Idea faces bankruptcy if SC refuses to hear its plea Vodafone Idea is hoping that it will be able to do a better job of convincing Supreme Court of India to allow the government to rectify the mathematical and compilation that crept into the calculation of its humongous regulatory levies that now threaten its very existence. A Supreme Court bench headed by Arun Mishra had slapped payment liabilities of around Rs 58,000 cr on Vodafone Idea in 2019. This was done after holding that any and every revenue generated by a company with a telecom license is subject to revenue sharing provisions under the telecom license. Under the revenue sharing rules contained in telecom licenses, holders of these licenses are obligated to pay the government around 8% of their revenue, subject to some minor exclusions. The revenue-share provisions were introduced in 1999 after the financial condition of telecom operators worsened and they could no longer afford to pay upfront for spectrum and license. Hence, to provide them relief, the government stopped charging for spectrum and license upfront, and said they could pay a share of their revenue instead. This policy was again shifted back to an upfront payment regime in 2017 when the Supreme Court ruled that natural resources like spectrum cannot be allocated without a transparent auction process. However, even as upfront payments were reintroduced, the government failed to roll back the revenue share provision, thus forcing telecom companies to pay both. Meanwhile, soon after the revenue share regime was introduced in 1999, the government and the operators got into a dispute over what all are exempted from the definition of shareable revenue. While the government wanted a share of practically all the revenue generated by telecom operators, the telcos said the government?s revenue share should be calculated on their telecom-related revenue only, and not on their revenue from unrelated businesses and activities, such as rental income. The telcos won their case in the Telecom Disputes Redressal & Appellate Forum (TDSAT), but the government went on appeal in Supreme Court, where a bench headed by Arun Mishra ruled in favor of the government and said telcos should pay a share of their non-telecom revenue as well as part of their telecom license obligations. CALCULATION ERRORS During the arguments, the telcos pointed out that even if they were to pay a share of their entire revenue, government officials had made several mistakes in calculating the figures and some of their revenues have been counted twice. They also alleged that there were mathematical errors in the calculations. According to Vodafone Idea, its total liabilities was only around Rs 30,000 cr, and not Rs 58,000 cr as calculated by the government. Bharti Airtel too pointed to similar errors and mistakes. However, the Arun Mishra bench refused to look into such allegations and said whatever the government has asked, the companies must pay. This forced the companies to file a modification application in the Supreme Court again. However, the court last month dismissed the petition, saying that the Arun Mishra judgment had clearly indicated that the scrutiny and recomputation of the dues was not allowed and they must pay what the government asked. Speaking to investors recently, Vodafone Idea CEO Ravinder Takkar admitted that the companies had probably not done a good job of putting forth their arguments in the modification petition last month, and said he hoped to do a better job in the upcoming review petition. ?Somehow, in our AGR [judgement] modification application, the court felt that we are trying to reopen the judgment and we are trying to reopen the case and challenge what was originally passed,? he said. ?We want it to be very clear, and this is what we have filed in our review petition, it is not our intent to challenge the AGR definition anymore, it is not our intent to relitigate that matter. That matter is closed. ?Our intention is solely for these manifest errors to be fixed, and frankly we didn?t do a good job last time around in the modification application, and our hope is that the court will allow us to explain that in a more clear manner and then allow DoT to fix those errors.? Takkar said it is one of the principles of justice that one should not be asked to pay twice on account of the same charge or levy. ?Our contention has been that in the amount that has been written up in the judgment, there are errors and mistakes ? manifest errors, mistakes, calculation errors ? that are there, which need to be fixed. ?It?s not necessarily pointing the finger at somebody to say they made a mistake it?s a lot of data, for many many years for many circles for many companies and it is very possible, that some of these errors would take place, over the years in which these calculations are done. ?Our intent is to say that we would like the government to fix those errors and mistakes, and we have, in fact, sent the details of each of those mistakes and errors to the government, kind of compiled it all together based on the assessments we have received. ?All we are requesting Supreme Court is to allow the government to fix those errors and mistakes, so that what I?d called proper justice would be granted, because clearly, it cannot be the intent of either the government or the Supreme Court to have us pay more, or twice, than what has actually been? ?There?s no reason why, in our country, we should have a situation where we are asked to pay many times over for something that we have already paid for. Our aim is that in this review petition, we can explain to the court that challenging the original verdict is not our intent ? that clarity can be provided,? he added. The review petition is crucial for Vodafone Idea, as it is likely to shut down if the court again refuses to listen to its arguments, throwing the livelihoods of lakhs of people into question. |
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lujack
Member |
18-Aug-2021 18:50
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How you calculatr?
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vivacious
Supreme |
18-Aug-2021 18:22
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more like 3.65
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albeniz
Veteran |
18-Aug-2021 17:08
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This one is our National pride. | ||||
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