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SingTel
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Singtel Bullish???
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kakaboo
Member |
17-Aug-2023 22:38
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same. dbs getting more and more cui and complacent. well, at least we know that it is not an individual problem and a dbs problem.
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cobrajr
Veteran |
17-Aug-2023 22:35
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Using POSB, now 10.35 pm still no dividend
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kakaboo
Member |
17-Aug-2023 20:54
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which bank u using? is it posb/dbs? also not received it... first time nv receive dividends properly sia.. tot can no need check n fuss free.. if this one really no dividend come in jialet next time all need to check very closely..
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cobrajr
Veteran |
17-Aug-2023 20:31
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Why no dividend till now? | ||||
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Maxgrow68
Elite |
17-Aug-2023 14:34
Yells: "Right and Kind. Choose Kind then you are always Right !" |
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As LT investor.....huat ah!
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vivacious
Supreme |
17-Aug-2023 10:31
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got in 240 w cash 2 days ago, and 238 cpf yday. Keep n wait for it to rise |
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Maxgrow68
Elite |
17-Aug-2023 10:23
Yells: "Right and Kind. Choose Kind then you are always Right !" |
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I also netted some in steps....
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Maxgrow68
Elite |
17-Aug-2023 10:21
Yells: "Right and Kind. Choose Kind then you are always Right !" |
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Fat fingers! Haha! Tks Halle for the correction!
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halleluyah
Supreme |
17-Aug-2023 10:18
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must b a typo...he meant long blw $3 lah....
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vivacious
Supreme |
17-Aug-2023 10:16
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below 4?
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Maxgrow68
Elite |
17-Aug-2023 10:07
Yells: "Right and Kind. Choose Kind then you are always Right !" |
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Anything below 4.00, think quite safe buy.... Accumulate...
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halleluyah
Supreme |
17-Aug-2023 09:55
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LONG SOME BABE.........HV BEEN CORRECTED 30 cts B4 DIV TILL NOW.......... | ||||
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Entropy72
Master |
16-Aug-2023 18:21
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When SingTel can sustainably offer 15 cents dividend per year, it will return to $3. It paid out 15 cents his year but it includes 5 cents special once off dividend. | ||||
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Entropy72
Master |
16-Aug-2023 18:07
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Extract from minutes of AGM held on 31 Jul 23: Upon the Chairman&rsquo s invitation to the shareholders and appointed proxies present to ask questions or comment, the following questions/comments were asked/made and replies given: Question/Comment 1-2 Mr Tan Teck Guan&rsquo s commented that Singtel had done well in its financials for FY23 and asked when Singtel expected dividends to return to pre-pandemic levels. In response to this, GCEO explained that the telecommunications industry was undergoing new challenges and transformation, and this necessitated investments in areas such as 5G infrastructure and regional fixed broadband and fibre markets. One of the pillars of Singtel&rsquo s strategic reset which began two years ago was to strengthen the Group&rsquo s core businesses. The execution to this strategy had helped the Group achieve a 15% growth in its core business. GCEO stated that Singtel&rsquo s dividend policy was to pay out ordinary dividends at between 60% - 80% of underlying net profits. The Company would continue to seek means to grow profits in a sustainable manner, and in this regard had identified three new engines of growth including the ICT business in NCS and investment into regional data centres. These engines would grow into size and scale to allow growth of the Company. In response to Mr Tan&rsquo s query on digital banking, GCEO explained that while GXS was identified as a growth initiative, it was not a core business of the Group. The approach Singtel had taken for digital banking was not to do it as a core business but as a partnership with digital natives such as Grab. Singtel would pursue digital banking initiatives not just within Singapore, but also in Malaysia and Indonesia to tap into the market of underserved and underbanked consumers. This was similar to Singtel&rsquo s approach in growing its traditional telecommunications business in Thailand, Indonesia and India through minority stakes and joint ventures with partners in the telecommunications industry. Question/Comment 3 Mr Tan Kar Quan referred to pages 89, 91 and 97 of the Annual Report 2023 and asked how the Singtel Group managed to reduce its Scope 3 emissions by 56% compared to the previous financial year. GCEO explained that ESG is an important part of the Singtel strategic reset (4th pillar - championing sustainability). He observed that the complex way of measuring scope 3 emissions had been refined over the last few years and this enabled Singtel to arrive at a more accurate and reduced assessment of its Scope 3 emissions. GCEO mentioned that the Group was working with its suppliers to provide more accurate upstream scope 1 and 2 emission data, and this allowed Singtel to select suppliers who were conscious of their carbon emissions. Finally, GCEO highlighted that the Group was on track for its net zero carbon emission target by 2045 and would continue to map out the path to that goal with milestone emission targets. Question/Comment 4-5 Mr Lim Hock Chuan requested for an update on the progress of Singtel&rsquo s investment into digital banking, Mr Arthur Lang, Group Chief Financial Officer (&ldquo GCFO&rdquo ) explained that the digital bank licence awarded to GXS Bank two years ago was unique in that it stipulated a staged process for the growth of GXS. From a regulatory point of view, the Monetary Authority of Singapore (&ldquo MAS&rdquo ) wanted to ensure that the digital bank developed safely and securely like all other local banks. GCFO highlighted that GXS had moved to next stage of its licence with MAS&rsquo s approval and bank deposits had grown as a result. Mr Lim commented that, as compared with Optus&rsquo s success in 5G take-up, the 5G takeup rate in Singapore was slower and questioned what the Company could do to speed this up. GCEO explained that the features and functionalities of 5G meant that the more in-demand use cases were not in consumer market segment but in the enterprise segment. Singtel had been making inroads in developing enterprise 5G solutions, for example, through its partnerships with Hyundai EV and Micron, among others. A second area of 5G application that Singtel was working on was a software-based orchestration platform called Paragon which allowed enterprises to manage their own network. For consumer customers, Singtel would continue to provide new 5G services like its Metaverse, VR and AR platforms to provide consumers with a different experience. Mr Lim asked what Singtel was doing to ensure that it had enough talent to move forward in the 5G space. GCEO reiterated that Singtel was committed to its people, which were its greatest assets. This commitment would see an increased investment in training to S$20 million annually starting from FY24 and Singtel would continue to work with industry players like the IMDA to develop technical talent. Question/Comment 6-7 Ms Lum Yin Peng referred to Singtel&rsquo s current strategic reset and the previous investments in Trustwave and Amobee made in 2012 and 2015 respectively. Ms Lum noted that Trustwave and Amobee had not fared well and asked what made the current growth engines like the digital banking and data centre businesses different from those previous investments, given that those businesses (similar to Trustwave and Amobee) are not Singtel&rsquo s core business. In response to Ms Lum&rsquo s question, GCEO described Singtel&rsquo s first phase of growth, which involved regional expansion of the core telecommunications business to the region (India, Thailand, Philippines, Indonesia and Australia). He noted that Singtel&rsquo s first phase of investment was different from the Amobee and Trustwave investments in that: (i) it focused on the mobile business which was in Singtel&rsquo s DNA and leveraged on experience from local operations to allow market growth (ii) it involved investing in a familiar (neighbouring) region which was a lot closer than US in terms of culture and market operation and (iii) it was conducted through partnerships in regional mobile associates instead of direct business involvement. These were the lessons learnt by Singtel and these would be applied to the new growth engines to grow them in a sustainable and profitable manner. Ms Lum next referred to Singtel&rsquo s partial divestment of its stake in Airtel and sought clarification of the rationale for this divestment, observing that Airtel saw continued momentum with double digit increases in operating revenue. She also asked for the Board&rsquo s and Management&rsquo s thought processes behind the plans to recycle a further S$6 billion in capital to fund the growth initiatives. GCFO clarified that the effective reduction of Singtel&rsquo s stake in Airtel was 1.7% and not 3.3%, given that the sale of Airtel shares was to a fellow promoter, Bharti Telecom, in which Singtel has a 49% interest. The S$2.8 billion of cash received from asset recycling was reinvested in the growth engines (i.e. NCS and data centres) as well as other growth areas like 5G. This was done to reserve the operating cashflows for dividend generation and such that Singtel could see increased 5G returns from Australia and Singapore in the coming years. GCFO further mentioned that the NCS and data centre businesses were already profitable from the start (unlike the Amobee and Trustwave experience) and shared a few data points including the data centres&rsquo EBITDA margin of over 60%, which was comparatively higher than the ROIC on Airtel. The recycling of capital was done this way to reinvest in growth which would translate into sustainable shareholder returns |
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vivacious
Supreme |
16-Aug-2023 10:12
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gd entry point | ||||
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Potato
Master |
16-Aug-2023 09:18
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gd morning~~ wah... whole market red redddddd... bleeding so badly | ||||
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Dhoby1981
Member |
16-Aug-2023 09:08
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Wtf management🤬 🤬 🤬 | ||||
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vivacious
Supreme |
14-Aug-2023 20:46
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start to nibble below 240 | ||||
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Entropy72
Master |
14-Aug-2023 15:30
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The removal of currency peg for the Naira has caused it to plunge by 40% against USD. This triggered a once-off Airtel Africa forex loss for Bharti Airtel. In the longer term, the removal of the currency peg is expected to attract more foreign investments into Nigeria and boost the economy. This will benefit Airtel Africa. ---- Bharti Airtel suffers Q2 profit setback due to Nigerian FX impact1 week ago
The results fell short of market estimates, attributed to a combination of factors, including an unexpected foreign-exchange hit on its Nigerian operations
Bharti Airtel, one of India&rsquo s leading telecommunications giants, reported its quarterly earnings for the period ending June. The results fell short of market estimates, attributed to a combination of factors, including an unexpected foreign-exchange hit on its Nigerian operations. This is despite India&rsquo s second-biggest wireless phone operator having an intensified 5G rollout. It further disclosed a net profit of 16.1 billion rupees ($195 million) for the quarter that ended in June. This figure notably fell below the average 28.61 billion-rupee net profit estimated by analysts surveyed by Bloomberg. Bharti Airtel, which had 382.8 million subscribers in India at the end of June, second only behind Reliance Jio Infocomm Ltd.&rsquo s 448.5 million, is waiting for the next round of tariff hikes in 2023 to boost its revenue. The most recent price increase occurred in 2021. According to the report, the company added 5.6 million new 4G customers and the most postpaid customers in any quarter. The firm controlled by billionaire Sunil Bharti Mittal also saw its revenue increase by 14% to 374.4 billion rupees, while operating costs increased by 9.6%. Its earnings were, however, impacted by a 34.2 billion rupee one-time foreign-exchange loss in Nigeria. The one-time foreign exchange loss of 34.2 billion rupees in Nigeria is one of the standout factors that affected Bharti Airtel&rsquo s earnings. This setback was attributed to Nigeria&rsquo s currency devaluation which followed significant changes in the country&rsquo s exchange rate system under the administration of President Bola Tinubu. Despite the immediate financial impact, Bharti Airtel&rsquo s Africa subsidiary lauded these changes as a positive step toward fostering a more stable Nigerian FX market. Bharti Airtel&rsquo s push for an intensified 5G network rollout is a strategic move aimed at capturing the evolving digital landscape. The telecom giant&rsquo s focus on expanding its 5G infrastructure is in line with global trends, as telecommunication companies worldwide recognize the transformative potential of 5G technology. The race for 5G dominance has spurred intensive investment by telecom operators worldwide, with Bharti Airtel being no exception. The company&rsquo s commitment to technological advancement is evidenced by its addition of 5.6 million new 4G customers and the highest-ever postpaid customer acquisition in any quarter. Bharti Airtel&rsquo s recent financial results reflect a dynamic landscape in the telecommunications industry, characterized by both challenges and opportunities. It shows the influence of government decisions on businesses like the foreign-exchange impact from Nigeria that affected the company&rsquo s profitability,
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Entropy72
Master |
14-Aug-2023 15:15
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Airtel Africa Welcomes Changes to Nigeria' s Foreign Exchange MarketJune 20, 2023 at 02:39 am ShareBy Anthony O. Goriainoff Airtel Africa said Tuesday it welcomed the changes to operations in Nigeria' s foreign exchange market unveiled by the country' s central bank as they are a positive move toward a more stable foreign exchange market. The London-listed, Africa-focused telecommunications company said that, as a result of the changes, the dollar has appreciated against the Nigerian naira in the investors and exporters market trading segment. Airtel said that a recent currency-devaluation sensitivity analysis highlighted that a 1% devaluation in the naira would have a negative impact on revenue of $22 million and of $12 million on earnings before interest, taxes, depreciation and amortization. It added that the dollar component of operating costs within the Nigerian system was minimal and as such it didn' t anticipate a material effect on Ebitda margin. " The market expectation is that the new foreign currency policy and subsequent realignment of the several market exchange rates will provide greater U.S. dollar liquidity and help to alleviate the challenges faced in the last few years to access U.S. dollars in the market," the company said. Write to Anthony O. Goriainoff at [email protected] (END) Dow Jones Newswires |
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