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WiseInvestor Elite	06-Jun-2020 00:57        WiseInvestor About Contact  Quote this Post!   Yells: "Forex Biz Opportunity for traders!"
x 0   x 0  Alert Admin	You missed one thing - tax. Pretax provision $1.93b. Post-tax provision is about $1.8b as per note 6 to FY2020 financial statement. Income is taxed while tax on loss written back. Possibly, provision include gain/loss on foregin currency exchange. abt 35% share in Airtel x $5.49b = $1.93b before tax which occured in 2019, thus recognised in full FY2020 ending on 31.3.2020, not next FY2021. It is subject to tax and foregin currency exchange adjustment.
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bamboo300306 Veteran	05-Jun-2020 23:25        bamboo300306 About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	I did some research https://www.straitstimes.com/business/companies-markets/singtel-posts-quarterly-loss-of-668m-on-airtel-provision. Total exceptional provision for Airtel is about $5.49B, Singtel' s proporation share was $1.93 Billions 3rd Quater - Profit before provision: 737m. Profit after provision: 668m. Provision made: 1.4b 4th Quater - $367m provision So there should be provision for the next quater: 1.93B - 1.4b - 0.367b = 163m   des_khor      ( Date: 05-Jun-2020 00:27) Posted: No more outstanding fine ? WiseInvestor      ( Date: 05-Jun-2020 00:17) Posted: As the article is clear, there is one time exceptional charge of $1.8b for Fy2020 ending on 31.3.2020. This is already included. So there will not be any more expectional charge in coming Fy2021 ending on 31.3.2021
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Sin_Cos_Tan Veteran	05-Jun-2020 16:07        Sin_Cos_Tan About Contact  Quote this Post!
x 0   x 0  Alert Admin	issue new shares to Amazon ---.> talk only Value_finder      ( Date: 05-Jun-2020 15:55) Posted: Is it Bharti issue new shares to Amazon that results in dilution of Singtel holding? Sin_Cos_Tan      ( Date: 05-Jun-2020 15:47) Posted: Amazon....Good news ? But.... why Sintel wants to sell it' s stake in Bharti Airtel Limited (" Airtel" )  ? 27. SUBSEQUENT EVENTS - Singtel (b) On 26 May 2020, Bharti Telecom Limited completed the sale of 2.75% stake in Bharti Airtel Limited (" Airtel" ) for a consideration of approximately S$1.6 billion. Following the close of this transaction, Singtel' s effective shareholding in Airtel has reduced from 33.3% to 31.9%
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Justice888 Supreme	05-Jun-2020 15:57        Justice888 About Contact  Quote this Post!
x 0   x 0  Alert Admin	This is history . Any impact . Mkt already price in? Sin_Cos_Tan      ( Date: 05-Jun-2020 15:47) Posted: Amazon....Good news ? But.... why Sintel wants to sell it' s stake in Bharti Airtel Limited (" Airtel" )  ? 27. SUBSEQUENT EVENTS - Singtel (b) On 26 May 2020, Bharti Telecom Limited completed the sale of 2.75% stake in Bharti Airtel Limited (" Airtel" ) for a consideration of approximately S$1.6 billion. Following the close of this transaction, Singtel' s effective shareholding in Airtel has reduced from 33.3% to 31.9%
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Value_finder Member	05-Jun-2020 15:55        Value_finder About Contact  Quote this Post!
x 0   x 0  Alert Admin	Is it Bharti issue new shares to Amazon that results in dilution of Singtel holding? Sin_Cos_Tan      ( Date: 05-Jun-2020 15:47) Posted: Amazon....Good news ? But.... why Sintel wants to sell it' s stake in Bharti Airtel Limited (" Airtel" )  ? 27. SUBSEQUENT EVENTS - Singtel (b) On 26 May 2020, Bharti Telecom Limited completed the sale of 2.75% stake in Bharti Airtel Limited (" Airtel" ) for a consideration of approximately S$1.6 billion. Following the close of this transaction, Singtel' s effective shareholding in Airtel has reduced from 33.3% to 31.9%
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Sin_Cos_Tan Veteran	05-Jun-2020 15:47        Sin_Cos_Tan About Contact  Quote this Post!
x 0   x 0  Alert Admin	Amazon....Good news ? But.... why Sintel wants to sell it' s stake in Bharti Airtel Limited (" Airtel" )  ? 27. SUBSEQUENT EVENTS - Singtel (b) On 26 May 2020, Bharti Telecom Limited completed the sale of 2.75% stake in Bharti Airtel Limited (" Airtel" ) for a consideration of approximately S$1.6 billion. Following the close of this transaction, Singtel' s effective shareholding in Airtel has reduced from 33.3% to 31.9%
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Sgvale Supreme	05-Jun-2020 15:16        Sgvale About Contact  Quote this Post!
x 0   x 0  Alert Admin	Airtel in an exchange filing Friday said it ?routinely works? with all digital and OTT firms but isn?t considering any proposal to sell a stake to Amazon at this stage. Singtel got a lion stake. Amazon wants a stake now also difficult now
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tangoanna Master	05-Jun-2020 15:02        tangoanna About Contact  Quote this Post!
x 0   x 0  Alert Admin	Bharti Airtel Ltd.  may see its stock value rise 50%-100% over the next three years on a revenue boom in India&rsquo s telecommunications sector, according to Jefferies India Pvt. https://www.bloomberg.com/news/articles/2020-06-05/bharti-airtel-shares-may-double-in-three-years-jefferies-says?sref=HwqLgT7n
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halleluyah Supreme	05-Jun-2020 14:00        halleluyah About Contact  Quote this Post!
x 0   x 0  Alert Admin	no activity to report on amazon, says bharti airtel...????
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ghetto Master	05-Jun-2020 12:49        ghetto About Contact  Quote this Post! Style: Combined
x 0   x 0  Alert Admin	It will claw back lost ground and go back to 2.70s range
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john_ric Supreme	05-Jun-2020 10:38        john_ric About Contact  Quote this Post!
x 0   x 0  Alert Admin	look like it will stay above2.6 now to xd.
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Tool18 Senior	05-Jun-2020 10:30        Tool18 About Contact  Quote this Post!
x 0   x 0  Alert Admin	For 5 years after if it comes true yes , but amazon in Long term notoriously known for replicating and doing it themselves , they might just do their own telecom company with India , which might push SingTel out lol , look at amazon on how they leveraged on UPS/fedex . But that will be probably when I?m a grandad already lol For now it?s positive at least for 5 to 10 years if it comes true FATABA      ( Date: 05-Jun-2020 10:07) Posted: This certainly spell good news ....n a win win situation for SIngtel n Amazon.  Let hope it come true fast n Singtel can easily see $3  Dyodd Tool18      ( Date: 04-Jun-2020 18:59) Posted: Jio is dominated by Facebook while voda idea is declining , leaving Airtel the most feasible one , they probably don?t see SingTel as a threat
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ghetto Master	05-Jun-2020 10:26        ghetto About Contact  Quote this Post! Style: Combined
x 0   x 0  Alert Admin	Singapore Telecommunications (Singtel):  Amazon.com is in  early-stage talks  to buy a stake worth at least US$2 billion in Singtel associate Bharti Airtel, three sources with knowledge of the matter told Reuters.
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Huat1368 Veteran	05-Jun-2020 10:24        Huat1368 About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	Amazon is gigantic... FATABA      ( Date: 05-Jun-2020 10:07) Posted: This certainly spell good news ....n a win win situation for SIngtel n Amazon.  Let hope it come true fast n Singtel can easily see $3  Dyodd Tool18      ( Date: 04-Jun-2020 18:59) Posted: Jio is dominated by Facebook while voda idea is declining , leaving Airtel the most feasible one , they probably don?t see SingTel as a threat
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vivacious Supreme	05-Jun-2020 10:23        vivacious About Contact  Quote this Post!
x 0   x 0  Alert Admin	time for singtel to go back $3.
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FATABA Supreme	05-Jun-2020 10:07        FATABA About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	This certainly spell good news ....n a win win situation for SIngtel n Amazon.  Let hope it come true fast n Singtel can easily see $3  Dyodd Tool18      ( Date: 04-Jun-2020 18:59) Posted: Jio is dominated by Facebook while voda idea is declining , leaving Airtel the most feasible one , they probably don?t see SingTel as a threat Sgvale      ( Date: 04-Jun-2020 18:57) Posted: Singtel owns 50% holding of India nos 3 Telcom Bharti Airtel. It must some attractive of Bharti Airtel that attracts Amazon.
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Huat1368 Veteran	05-Jun-2020 09:33        Huat1368 About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	No new SGX announcement on the mentioned fine. This is old news...
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des_khor Supreme	05-Jun-2020 00:27        des_khor About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Tell me who is God or Market Fortune Teller in this forum ??"
x 0   x 0  Alert Admin	No more outstanding fine ? WiseInvestor      ( Date: 05-Jun-2020 00:17) Posted: As the article is clear, there is one time exceptional charge of $1.8b for Fy2020 ending on 31.3.2020. This is already included. So there will not be any more expectional charge in coming Fy2021 ending on 31.3.2021. WiseInvestor      ( Date: 05-Jun-2020 00:13) Posted: SINGAPORE (THE BUSINESS TIMES) - Bharti Airtel has proposed to raise up to US$3 billion (S$4.05 billion) from a mix of debt and equity, which will enable it to pay a hefty fine as well as finance capital expenditure. The Indian associate telco of mainboard-listed Singtel is looking to issue shares worth US$2 billion via a qualified institutional placement with a floor price of 452.09 rupees per share, according to Singtel's bourse filing on Thursday morning (Jan 9). The actual issue price will be determined by Airtel in consultation with the appointed book-running lead managers. The preliminary placement document was filed on Wednesday. Meanwhile, Airtel is also planning to issue up to US$1 billion in foreign-currency convertible bonds. Fitch Ratings has assigned a BBB-/RWN rating to the proposed bond sale. The capital raising exercise comes as the phone carrier has to fork out billions of dollars in statutory dues to the Indian government by Jan 24, as mandated by the Supreme Court of India. On Oct 24, 2019, the court had ordered India's mobile operators, including Airtel, to pay the state a total of 920 billion rupees (S$17.39 billion) in penalties plus interest within three months. The verdict ended a protracted 14-year legal tussle over the definition of "adjusted gross revenue". Based on the court's judgment, Airtel made a provision of about 284.5 billion rupees (S$5.38 billion) in its financial statements for the second quarter ended Sept 30, 2019. This figure accounts for the estimated licence fees and spectrum usage charges payable to the government, according to Airtel's filing on Nov 14. Separately, the company has announced two tariff hikes - one in November and another in December last year - to end a bruising price war among the India's top three telecom players. Airtel is a key regional associate that has weighed on shareholder Singtel's earnings and balance sheet. Singtel shares were down four cents or 1.18 per cent to $3.35 as at the midday break on Thursday.
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Justice888 Supreme	05-Jun-2020 00:21        Justice888 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Long tomorrow? bamboo300306      ( Date: 05-Jun-2020 00:21) Posted: Thanks. At least the worst is behind Singtel. WiseInvestor      ( Date: 05-Jun-2020 00:17) Posted: As the article is clear, there is one time exceptional charge of $1.8b for Fy2020 ending on 31.3.2020. This is already included. So there will not be any more expectional charge in coming Fy2021 ending on 31.3.2021
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bamboo300306 Veteran	05-Jun-2020 00:21        bamboo300306 About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	Thanks. At least the worst is behind Singtel. WiseInvestor      ( Date: 05-Jun-2020 00:17) Posted: As the article is clear, there is one time exceptional charge of $1.8b for Fy2020 ending on 31.3.2020. This is already included. So there will not be any more expectional charge in coming Fy2021 ending on 31.3.2021. WiseInvestor      ( Date: 05-Jun-2020 00:13) Posted: SINGAPORE (THE BUSINESS TIMES) - Bharti Airtel has proposed to raise up to US$3 billion (S$4.05 billion) from a mix of debt and equity, which will enable it to pay a hefty fine as well as finance capital expenditure. The Indian associate telco of mainboard-listed Singtel is looking to issue shares worth US$2 billion via a qualified institutional placement with a floor price of 452.09 rupees per share, according to Singtel's bourse filing on Thursday morning (Jan 9). The actual issue price will be determined by Airtel in consultation with the appointed book-running lead managers. The preliminary placement document was filed on Wednesday. Meanwhile, Airtel is also planning to issue up to US$1 billion in foreign-currency convertible bonds. Fitch Ratings has assigned a BBB-/RWN rating to the proposed bond sale. The capital raising exercise comes as the phone carrier has to fork out billions of dollars in statutory dues to the Indian government by Jan 24, as mandated by the Supreme Court of India. On Oct 24, 2019, the court had ordered India's mobile operators, including Airtel, to pay the state a total of 920 billion rupees (S$17.39 billion) in penalties plus interest within three months. The verdict ended a protracted 14-year legal tussle over the definition of "adjusted gross revenue". Based on the court's judgment, Airtel made a provision of about 284.5 billion rupees (S$5.38 billion) in its financial statements for the second quarter ended Sept 30, 2019. This figure accounts for the estimated licence fees and spectrum usage charges payable to the government, according to Airtel's filing on Nov 14. Separately, the company has announced two tariff hikes - one in November and another in December last year - to end a bruising price war among the India's top three telecom players. Airtel is a key regional associate that has weighed on shareholder Singtel's earnings and balance sheet. Singtel shares were down four cents or 1.18 per cent to $3.35 as at the midday break on Thursday.
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