This week has been an interesting one for $SINGTEL(Z74.SI)$
On Aug 24, it released its 1QFY2022 ended June business update, which saw net profit grow by 43.4% y-o-y to $628 million and underlying operating revenue increase by 4.1% y-o-y to $3.6 billion.
A day later, Singtel announced it will be selling 198 million shares or a 3.3% stake in Bharti Airtel to Bharti Telecom for a consideration of $2.25 billion. This sale, which will see an estimated $0.6 billion net gain on divestment for the telco, is part of the group's capital recycling strategy.
Shares in $SINGTEL(Z74.SI)$closed 5 cents higher or 1.91 up at $2.67 on Aug 25.
@Daily_Discussion
@CaptainTiger
@TigerStars
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments