Unfortunately Last week, price went on a 2 month low because of a Citi report over Telkomsel's profitability. While SingTel is quick to address this concern by issuing a statement, price already took a dive and damage already done. Because of the Ex-Date, price dive even lower such that a gap is formed. See chart below.
Gaps are usually triggered by good or bad news, in this case for SingTel, it's not so good news. However, gaps can also be a good trading opportunity to buy the dip. Because fundamentals haven really change much + SingTel's quick action to address Citi's report I would think this gap should filled up fairly quickly in the short term.
Modify on 2023-08-07 10:05
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