Singtel's stock fell sharply by 3.08% during Wednesday's intraday trading session, reflecting investor concerns over the company's recent initiatives and operational challenges.
The decline follows Singtel's announcement of a 50Gbps fiber broadband trial, the first of its kind in Singapore, which has raised questions about the timeline for commercial rollout and returns on such investments. Additionally, ongoing execution risks at its Australian subsidiary Optus, including scrutiny over a recent network outage, have further dampened investor sentiment. Analysts note that these factors compound existing worries about Singtel's ability to deliver consistent growth in a competitive market.
The broader Singapore market remained flat during the session, with the Straits Times Index edging up just 0.02%, highlighting the stock-specific nature of Singtel's decline.
