Latest Forum Topics /
SingTel
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Singtel Bullish???
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WiseInvestor
Elite |
24-Sep-2021 10:58
Yells: "Forex Biz Opportunity for traders!" |
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STI is slight weak with most red STI stocks, but higher % change than all STI stocks, Singtel in very green in the early morning due to high shorts coverings including those of CFD and normal heavy short positions. | ||||
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boringGame
Member |
24-Sep-2021 10:33
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just everyday 1c to 2c will do until next release | ||||
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hokpin
Supreme |
24-Sep-2021 10:19
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Let' s decisively keep SGD 2.50 today! | ||||
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FATABA
Supreme |
24-Sep-2021 10:13
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It is time to slap and wake up SGX lah.....slept for tooooo looooong  Look at the LONG list of suspend counters ....till today many not resolved ...$b of dollars are lost . Look at the LONG list of counters that is delist n moved to HK or other places...why ?  I think it is time to have SOMEONE really really good like DBS ceo to lead SGX .....year after year ,,,,selling same old story ( or less and less )  Good governement give one slap $1.5B to high growth companies ....slap more please.
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Joelton
Supreme |
24-Sep-2021 09:46
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Singtel commits US$405 million to Bharti Airtel' s rights issue
  Airtel' s upcoming rights issue is subject to regulatory approval and slated to take place from Oct 5 to Oct 21, 2021.
  Singtel on Thursday (Sept 23) said it intends to exercise its full rights entitlement for its direct 14 per cent stake in regional associate Bharti Airtel, to buy into the latter' s 21,000 crore rupees (S$3.8 billion) rights issue at 535 rupees per share.
 
This translates to a total consideration of up to 29.4 billion rupees or US$405 million over a period of up to three years, said the telco in a regulatory filing, adding that the move signals Singtel' s confidence in India as well as in Airtel' s growth prospects.
 
Airtel' s upcoming rights issue is subject to regulatory approval and slated to take place from Oct 5 to Oct 21 this year. Its board had earlier approved the fund-raising exercise on Aug 29.
 
Singtel in its latest statement said it believes funds raised through the rights issue will equip Airtel to invest in 5G capabilities and ride the digital growth momentum in India.
 
The group noted that this is in line with its strategic reset announced in May to build out digital ecosystems in the region, through a multi-local strategy that could involve unlocking assets to reinvest in critical infrastructure that will power the digital economy.
 
Citing an anticipated increase in the number of smartphone users in India and a steady rise in month-on-month growth in broadband connections, Singtel believes Airtel is seeking to capture " tremendous opportunities" in areas such as 5G, home broadband, data centres, cloud services and cyber security.
 
Singtel group chief financial officer Arthur Lang said he expects India' s recently announced reform package to significantly improve Airtel' s liquidity to invest in becoming a truly digital-first company that will serve India' s digital vision.
 
Approved by the federal Cabinet last week, the telecoms sector relief package is expected to significantly reduce adjusted gross revenue (AGR)-related payments from telcos to the government going forward.
 
After already forking out 180 billion rupees for AGR-related payments, Airtel remains due to pay a further 259.76 billion rupees, for which there will be a four-year deferral.
 
" Buoyed by the unprecedented wave of digitalisation, Airtel is currently delivering strong revenue momentum across all business segments, reflecting the strength of its portfolio. All this will in turn enable Airtel to contribute sustainably to Singtel," said Mr Lang.
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Zerocool888
Master |
24-Sep-2021 09:42
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2nd most active stock on STI. Not you only hor bro but this is the only way to ironed out those naysayers.
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Starship
Supreme |
24-Sep-2021 09:40
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Call to list PSA, Changi Airport group, Mapletree Investments to boost Singapore bourse Society of Remisiers also wants funding for listing efforts raised to S$30b, urges GIC to step up investments in own backyard THU, SEP 23, 2021 - 11:08 AM UPDATED THU, SEP 23, 2021 - 1:44 PM THERE was an interesting article headlined " SGX exits rise as pandemic weighs on market prices" in The Business Times on Sept 22, 2021. It was stated in the article that there was a flurry of privatisation offers for listed companies this year due to the Covid-19 pandemic. There' s also another important reason for the increased delistings from the Singapore Exchange (SGX). Major owners of the listed companies feel that the market does not accord them the valuations they deserve. Out of the 676 listed companies as at end-August 2021, 400 companies are trading below book value. Many of them trade at less than 50 per cent of book value. Also, many companies are giving decent dividend yields of 3 per cent or more and yet receive lukewarm interest from the market. Companies list because they would like to raise new capital for future growth or to raise their profiles and garner better valuations. When neither of these objectives are met and one has the means to take it private, one will certainly do so. Privatisation gives entrepreneurs flexibility while doing away with costly compliance and listing costs. This is certainly the case in Singapore' s context, as many good quality undervalued companies have been taken private as stated in the BT article. All is not lost though. The key to solving any issue is to recognise the issue and then determine how best to address it. Just last week an important announcement was made by the government to pump an initial S$1.5 billion to assist " promising high-growth companies to raise capital through public listings in Singapore" . It' s a great first step but many more measures need to be undertaken to revive the fortunes of the Singapore market. The Society of Remisiers (Singapore) would like to propose the following measures to make our market much more vibrant: 1. We need to attract quality IPOs. Listings of unicorn startups might help. But the real impact would be listing companies with a good track record, profitability and decent dividend yields. For a start we can look to our well-established government-linked companies: PSA, Changi Airports International, Mapletree Investments and Surbana Jurong. The listing of such companies will create a positive vibe in the market, as Singtel' s listing did in 1993. An allocation to Singaporeans, as in the Singtel IPO, would enable all to enjoy Singapore' s prosperity and build their retirement savings. 2. We need to build a strong domestic investor base. At the moment we are largely dependent on foreign institutional funds. The market' s fortunes are dependent on the ebbs and flows of these funds. The Central Provident Fund (CPF) would be a great source of liquidity for the market. We need to reinstate the investment limit to 80 per cent of the CPF Ordinary Account instead of the present 35 per cent. Of course, we need to tighten the investment criteria for CPF Trustee Stocks. A CPF Trustee Stock needs to have a minimum dividend yield of 3 per cent, which is higher than the minimum 2.5 per cent CPF Ordinary Account rate. It must also have a profitable track record of three years. Many listed companies will aspire to CPF trustee status as this would effectively provide better valuations for the company. 3. There is a long list of suspended companies that are under investigation. Many investors feel disillusioned when their hard-earned money is locked up for an inordinate amount of time and they have no clue as to the status of the investigations and when these companies will be relisted. This is really sapping investors' confidence in the market and demolishing trust in the system. SGX Regulation needs to provide regular updates, say quarterly, on the status of investigations, with target dates for the lifting of suspensions. 4. An investor ombudsman department with regulatory powers needs to be set up. Presently, aggrieved investors, especially retail investors, are at their wit' s end when seeking recourse over malfeasant companies. As individual investors they do not have the resources or know-how to undertake class action suits against the company or its directors. This ombudsman will be able to hear aggrieved investors' complaints and take legal action. 5. Quarterly reporting should be reinstated. It will help investors, especially retail investors, to make timely and informed investment decisions. Companies can make or break within a short span of time. The common refrain against quarterly reporting is that it incurs unnecessary costs and management time, and that it is an especial burden to the smaller-cap companies. Actually, the smaller-cap companies should be all for quarterly reporting as it will enhance their visibility. With computerised accounting systems, monthly reporting to management is the norm. Quarterly reporting should not be a hassle. Perhaps the reporting format could be simplified so that companies can furnish the accounts on a quarterly basis. 6. The recent announcement of an initial S$1.5 billion to support companies in their listing journey is a good start. The Singapore market capitalisation is S$900 billion. If the support could eventually be raised to, say, S$30 billion, about 3 per cent of market capitalisation, it would most definitely have a greater impact. At the moment, only Temasek is invested in our market. GIC, which has a larger investment portfolio, could also invest in our home market thereby enhancing confidence. They have been investing all over the world except Singapore. It' s about time we have more of our funds injected into our own economy, especially the small and medium-sized enterprises. The stockmarket is a great barometer of the vibrancy of the Singapore economy and also a key catalyst for a robust economy. The various stakeholders - the Monetary Authority of Singapore, SGX, Security Association Singapore, Securities Investors Association (Singapore) - need to come together to brainstorm and come up with a masterplan to rebuild confidence in the market. We are confident this can be so when we stay united and have our heads and hearts together. https://www.businesstimes.com.sg/opinion/call-to-list-psa-changi-airport-group-mapletree-investments-to-boost-singapore-bourse |
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vivacious
Supreme |
24-Sep-2021 09:34
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yes, i started buying last year when it dipped below 250, and it went thru a roller coaster. Glad I held on.
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vicloo
Supreme |
24-Sep-2021 09:28
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Finally breaking 2.5 wall!!! Phew what a tough one lol | ||||
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vivacious
Supreme |
24-Sep-2021 09:25
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$3 by year end is pretty damn realistic if u ask me
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FATABA
Supreme |
24-Sep-2021 09:24
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Strong buy up ......good move 
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Zerocool888
Master |
24-Sep-2021 09:22
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well 250 reach much earlier than your end of the Sept! well done lar! Perhaps in October 270?
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vivacious
Supreme |
24-Sep-2021 09:22
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yes, the last few times it broke thru, then happily tumbled down again. This time , it looks to stay
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satruz
Master |
24-Sep-2021 09:21
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Hi 250, long time no see! 😆 🙌 | ||||
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PhillipTan
Supreme |
24-Sep-2021 09:20
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Need to stay at or above 2.50 first before going to 2.70 hahaha  
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vivacious
Supreme |
24-Sep-2021 09:17
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touched 250. Next step is to go 270. | ||||
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hokpin
Supreme |
24-Sep-2021 08:25
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Uptrend is still intact today. Cai Shen Dao Singtel liao! Haha!
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CaiShenDao
Member |
24-Sep-2021 06:46
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Upward Trending... :) Grab-SPAC --> Grab-Singtel (60-40) Digibank - riding digitalisation wave Temasek-backed Diversified Mkts for Growth 5G infrastructural enhancements: Singtel FTW & Ready for take over 2DMoonWiththeMoon... Personal TP: 3.10  #Vested. #CaiShenDao |
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hokpin
Supreme |
23-Sep-2021 22:11
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Tmr will be a Cheong day also! | ||||
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vivacious
Supreme |
23-Sep-2021 18:01
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slow n steady wins the race!
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