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SingTel
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Singtel Bullish???
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Entropy72
Master |
28-Feb-2022 14:52
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Let' s see if Singtel clears $2.60 this week. 
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fatpanda
Supreme |
28-Feb-2022 12:38
Yells: "Another wonderful day!" |
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Institutions read news from Bloomerg terminals, retailers read news from local newspapers. Hehehe.... | ||||
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Csw888
Member |
28-Feb-2022 12:21
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Singtel leads net institutional flows
https://www.businesstimes.com.sg/companies-markets/singtel-leads-net-institutional-flows-keppel-leads-buybacks
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fatpanda
Supreme |
28-Feb-2022 12:08
Yells: "Another wonderful day!" |
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Ya, instiution buying.... Hehehe.... 
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john_ric
Supreme |
28-Feb-2022 12:03
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push up to dump. very obvious. | ||||
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Glooper83
Senior |
28-Feb-2022 11:57
Yells: "Always focus on Fundamentals!" |
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sorry... reposted the link https://timesofindia.indiatimes.com/business/india-business/airtel-to-acquire-vodafones-4-7-stake-in-indus-towers-if-funds-are-used-for-vil/articleshow/89830929.cms In any case, i do not expect the deal to have a huge material impact on Airtel or even Singtel for that matter but it is nevertheless a good move from a business standpoint, to reduce debts by an errant customer (& shareholder), while at the same time increasing its share in a strategic business. 
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Glooper83
Senior |
28-Feb-2022 11:50
Yells: "Always focus on Fundamentals!" |
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lol... the whole market is down and not just the sti
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Potato
Master |
28-Feb-2022 11:45
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Good afternoon~~ alamak... saw 2.60 and now drop back... | ||||
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john_ric
Supreme |
28-Feb-2022 10:52
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Seems that market don't like the news. Stel down | ||||
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Glooper83
Senior |
28-Feb-2022 10:28
Yells: "Always focus on Fundamentals!" |
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Source from https://timesofindia.indiatimes.com/business/india-business/airtel-to-acquire-vodafones-4-7-stake-in-indus-towers-if-funds-are-used-for-vil/ Airtel to acquire Vodafone's 4.7% stake in Indus Towers if funds are used for VIL PTI | Feb 25, 2022, 18:55 IST NEW DELHI: Telecom operator Bharti Airtel on Friday said it has signed an agreement to buy Vodafone's 4.7 per cent stake in Indus Towers on the condition that the proceeds will be used for investment in Vodafone Idea and clearing its dues towards the mobile tower company. Debt-ridden Vodafone Idea (VIL) has been unable to pay dues to Indus Towers and both VIL and promoter Vodafone have proposed a payment plan to clear the outstanding amount by July 15. In the meantime, VIL has committed to pay certain minimum amount each month to Indus Towers. "Bharti Airtel has...entered into an agreement with Vodafone to buy 4.7% equity interest in Indus Towers on the principal condition that the amount paid shall be inducted by Vodafone as fresh equity in Vodafone Idea Limited (VIL) and simultaneously remitted to Indus Towers to clear VIL's outstanding dues," Airtel said in a statement. Vodafone through its group firm Euro Pacific Securities has sold 2.36 per cent stake in Indus Towers in a bulk deal at an average price of Rs 226.84 per share to an undisclosed buyer for about Rs 1,441.62 crore at NSE on Thursday. Airtel said the acquisition of stake would be at an attractive price representing a significant discount typically available for such large block transactions. "In addition, Airtel is also protected with a capped price which is lower than the price for the block of Indus shares sold by Vodafone on February 24, 2022. This shall be value accretive to Airtel and protect its existing significant shareholding in Indus Towers. "Any such acquisition shall only be done when such proceeds are confirmed to be utilised by Vodafone to infuse as equity into VIL including any regulatory or shareholders' approval being fully obtained," Airtel said. The Sunil Bharti Mittal-led firm said the transaction allows it to secure continued strong provision of services from the mobile tower company, protects and enhances Airtel's value in Indus Towers while enabling it to receive rich dividends and paving way for subsequent financial consolidation of Indus Towers in Airtel. Currently, Vodafone holds about 28 per cent stake in Indus Towers, while that of Bharti Airtel is close to 42 per cent. "Airtel remains committed to look at opportunities for monetising this vital asset at an appropriate time. In doing so we will ensure that the tower company has been stabilised and any new strategic or financial investor or investors has the ability to continue to serve the critical needs of Airtel," the statement said. Indus Towers, formerly Bharti Infratel Ltd, is a leading provider of passive telecom infrastructure. It deploys, owns and manages telecom towers and communication structures for various mobile operators. The company's portfolio of over 1,84,748 telecom towers makes it one of the largest tower infrastructure providers in the country with presence in all 22 telecom circles. It caters to all wireless telecommunication service providers in India. Indus Towers posted about 16 per cent rise in consolidated profit at Rs 1,570.8 crore in the three months ended December 2021, while revenues stood at Rs 6,927 crore during the same period. Telecom service providers got a shot in the arm with the government last year approving a blockbuster relief package that included a four-year break for companies from paying statutory dues, permission to share scarce airwaves, change in the definition of revenue on which levies are paid and 100 per cent foreign investment through the automatic route. The government also gave telcos the option to convert the interest amount pertaining to the moratorium period into equity. Subsequently, debt-ridden Vodafone Idea Ltd opted to pay interest of around Rs 16,000 crore through preferential shares. This will result in the government holding 35.8 per cent stake in the company. Last month, the company reported widening of its consolidated loss to Rs 7,230.9 crore while consolidated revenue from operations declined to Rs 9,717.3 crore in the third quarter ended December 2021. Vodafone Idea's total gross debt, excluding lease liabilities and including interest accrued but not due, as of December 31, 2021 stood at Rs 1,98,980 crore. The amount comprised deferred spectrum payment obligations of Rs 1,11,300 crore, AGR liability of Rs 64,620 crore that are due to the government and debt from banks and financial institutions of Rs 23,060 crore. Shares of Indus Towers closed at Rs 214.2 apiece, up 4.11 per cent on the BSE. | ||||
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Joho888
Senior |
26-Feb-2022 00:11
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Digital banks are a big deal in Indonesia because they can potentially bring a large swath of the unbanked population - which stands at about 181 million people - into the formal financial system swiftly and smoothly. That would have positive knock-on effects for the broader economy, which is forecast to grow at a brisk 5% clip this year and next. Online banks are also arriving at a time when Indonesia' s digital economy is growing fast, catalyzed by the coronavirus pandemic. A McKinsey report published in the fourth quarter of 2021 found that 78% of Indonesians use digital banking at least once per week, up from 57% in 2017. Bank Indonesia estimates that digital banking transactions grew 19.1% to 32.2 quadrillion rupiah (US$2.25 trillion) in 2021, up considerably from a 1.5% rise a year earlier. These findings are significant given that Indonesia was the world' s second-largest cash-based economy in 2019, trailing only India. Grab' s Indonesia digibanking investments have accelerated since the beginning of the year. In January, Grab and Singaporean telecoms giant Singtel invested in the small private lender Bank Fama International. According to    Nikkei Asia, Singtel and Grab together own 32.5% of the bank, while Singtel paid 500 billion rupiah (US$34.8 million) for 2.4 billion new shares issued by Bank Fama. |
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Glooper83
Senior |
25-Feb-2022 22:07
Yells: "Always focus on Fundamentals!" |
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so institutional funds are buying in now... maybe they were indeed " blind" , luckily i do not avail myself to their " blindness" but rather do my own analysis and research. Hehehe...
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TikTalk
Supreme |
25-Feb-2022 21:30
Yells: "Anyone miss me?" |
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BEIJING:  China' s President Xi Jinping said he supported solving the Ukraine crisis through talks in a call with Russian President Vladimir Putin, state media said on Friday (Feb 25), after Moscow launched an invasion of its neighbour. In a readout of the call on state broadcaster CCTV, Xi pointed out that the " situation in eastern Ukraine has undergone rapid changes... (and) China supports Russia and Ukraine to resolve the issue through negotiation" . |
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Entropy72
Master |
25-Feb-2022 17:10
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Institutions are finally waking up to Singtel' s re-rating potential. Love to smell the BBQ smell of shortists. | ||||
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Zerocool888
Master |
25-Feb-2022 17:08
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One of the strongest finish in many moons! All the way to the moon! This will keep their mouth shut for many moons. HUAT to the MOON! Expecting a meme gif from someone very soon! Hahaha! | ||||
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Wishletoe
Member |
25-Feb-2022 15:32
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Hehe, long white candle.    Wiped out the shortists who have been boasting of making tons of money when war broke out.    Let' s see them go bankrupt! | ||||
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TikTalk
Supreme |
25-Feb-2022 15:12
Yells: "Anyone miss me?" |
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15:06 one mouth 1,457,200 at 2.59 | ||||
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Zerocool888
Master |
25-Feb-2022 13:50
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Give it time. It is a super huge wall at the moment. Pretty good where it is at now. 4 hours chart looks healthy.
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hokpin
Supreme |
25-Feb-2022 13:38
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2.60 is always a hard obstacle to cross... | ||||
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TikTalk
Supreme |
25-Feb-2022 13:04
Yells: "Anyone miss me?" |
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Lets go...clear 2.60 | ||||
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