Is SingTel recent price weakness a signal to buy?

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Is SingTel recent price weakness a signal to buy?

JeslinToh
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

# SGX Stocks Opportunities

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.

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