We are witnessing a "Positive Cycle Handoff." The defensive phase of FY23-24—marked by "kitchen sink" impairments at Optus and shedding loss-makers like Trustwave—is largely complete.
Now, Singtel is weaponizing its balance sheet. By aggressively recycling capital from legacy asset sales (Airtel stakes, Comcentre), they are funding a massive offensive pivot. The focus has shifted squarely to scaling AI-ready data centers via Nxera, capitalizing on structural ARPU growth at Airtel, and executing a S$2B share buyback program.
The narrative has moved from "restructuring for survival" to "structural value realization."
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- ChrisColeman·01-04 21:05Yes, sustainable! Structural shift solid with AI and buybacks. [看涨]1Report
- AuntieAaA·00:36Good1Report