Is SingTel recent price weakness a signal to buy?

2023-08-25

A 11% price reduction is observed in $SINGTEL(Z74.SI)$ shares in the past month. So what exactly happened?

Q1'24 results was not fantastic as the weakening of Aussie dollar (9% drop) and poorer Optus performance (1.8% drop in EBITDA margins) have contributed to a drag in SingTel earnings.

On the flip side, good performance was observed in other parts of SingTel eg. Bharti. It has achieved a 33% increase in NPAT and this is largely contributed by increase in India's mobile ARPU - average revenue per user.

All in all, the outlook for SingTel group as a whole will be pretty flat in the coming months, unless a big transformation comes about from its $6billion dollars asset monetisation efforts or an effective cost management is implemented at Optus. Meanwhile, I will stay invested and probably will accumulate abit more holdings in SingTel as the price to valuation seems relatively cheap now.

Please invest with caution!

@MillionaireTiger @TigerStars @Daily_Discussion @CaptainTiger

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Comments

CaesarHicks
2023-08-25
CaesarHicks
The company has a diversified portfolio of businesses, which provides some insulation from economic downturns.
AndreaClarissa
2023-08-25
AndreaClarissa
I think SingTel is investing heavily in growth areas, such as digital services and infrastructure.
BarbaraWillard
2023-08-25
BarbaraWillard
SingTel is investing heavily in growth areas, such as digital services and infrastructure.
AndreaClarissa
2023-08-25
AndreaClarissa
SingTel is a well-established company with a strong track record of profitability.
JohnMitchell
2023-08-26
JohnMitchell
I think its just SG stocks are really hard now
icycrystal
2023-08-25
icycrystal
thanks for sharing

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So what exactly happened?\nQ1'24 results was not fantastic as the weakening of Aussie dollar (9% drop) and poorer Optus performance (1.8% drop in EBITDA margins) have contributed to a drag in SingTel earnings.\nOn the flip side, good performance was observed in other parts of SingTel eg. Bharti. It has achieved a 33% increase in NPAT and this is largely contributed by increase in India's mobile ARPU - average revenue per user.&nbsp;\nAll in all, the outlook for SingTel group as a whole will be pretty flat in the coming months, unless a big transformation comes about from its $6billion dollars asset monetisation efforts or an effective cost management is implemented at Optus. Meanwhile, I will stay invested and probably will accumulate abit more holdings in SingTel as the price to valuation seems relatively cheap now.&nbsp;\nPlease invest with caution!&nbsp;\n<a href=\"https://ttm.financial/U/3527667618821228\">@MillionaireTiger&nbsp;</a><a href=\"https://ttm.financial/U/9000000000000149\">@TigerStars&nbsp;</a><a href=\"https://ttm.financial/U/3527667621665671\">@Daily_Discussion&nbsp;</a><a href=\"https://ttm.financial/U/3527667618000160\">@CaptainTiger&nbsp;</a>\n </body></html>","htmlText":"<html><head></head><body>A 11% price reduction is observed in&nbsp;<a href=\"https://ttm.financial/S/Z74.SI\">$SINGTEL(Z74.SI)$&nbsp;</a><v-v data-views=\"1\"></v-v>shares in the past month. So what exactly happened?\nQ1'24 results was not fantastic as the weakening of Aussie dollar (9% drop) and poorer Optus performance (1.8% drop in EBITDA margins) have contributed to a drag in SingTel earnings.\nOn the flip side, good performance was observed in other parts of SingTel eg. Bharti. It has achieved a 33% increase in NPAT and this is largely contributed by increase in India's mobile ARPU - average revenue per user.&nbsp;\nAll in all, the outlook for SingTel group as a whole will be pretty flat in the coming months, unless a big transformation comes about from its $6billion dollars asset monetisation efforts or an effective cost management is implemented at Optus. Meanwhile, I will stay invested and probably will accumulate abit more holdings in SingTel as the price to valuation seems relatively cheap now.&nbsp;\nPlease invest with caution!&nbsp;\n<a href=\"https://ttm.financial/U/3527667618821228\">@MillionaireTiger&nbsp;</a><a href=\"https://ttm.financial/U/9000000000000149\">@TigerStars&nbsp;</a><a href=\"https://ttm.financial/U/3527667621665671\">@Daily_Discussion&nbsp;</a><a href=\"https://ttm.financial/U/3527667618000160\">@CaptainTiger&nbsp;</a>\n </body></html>","text":"A 11% price reduction is observed in $SINGTEL(Z74.SI)$ shares in the past month. So what exactly happened? Q1'24 results was not fantastic as the weakening of Aussie dollar (9% drop) and poorer Optus performance (1.8% drop in EBITDA margins) have contributed to a drag in SingTel earnings. On the flip side, good performance was observed in other parts of SingTel eg. Bharti. It has achieved a 33% increase in NPAT and this is largely contributed by increase in India's mobile ARPU - average revenue per user. All in all, the outlook for SingTel group as a whole will be pretty flat in the coming months, unless a big transformation comes about from its $6billion dollars asset monetisation efforts or an effective cost management is implemented at Optus. Meanwhile, I will stay invested and probably will accumulate abit more holdings in SingTel as the price to valuation seems relatively cheap now. Please invest with caution! @MillionaireTiger @TigerStars @Daily_Discussion 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