$2.50 for a "funded" digi-bank stock is cheap. So now the question is, are they funded and ready to go? or do they need to raise money. You have to go dig up the numbers/assets for their startup capital, if not wait for an analyst/blogger to do the work. Singtel is very asset rich, but cash wise i think they might need abit of help. If not enough money to start....you should know what's coming next.....the dreaded rights issue.
https://research.sginvestors.io/2020/12/singtel-cgs-cimb-research-2020-12-05.htmlPossible rights issue to raise cash soon. Singtel does not have so much reported free cash. Traders pump and dump first.
Long term singtel is good. Just like what people said 5 years later looking back, you'll be surprised at how cheap 2.50 looked. (If economy don't go boom)
Just that some looked for short-mid term cash profits rather than long-term paper value.
Blue chips no horse run one
DB licence was already announced last year. In fact, MAS decided to give out 1 less wholesale licence.发哨子2020;131264039 said:Why didn’t the big 3 share price fall off the cliff with this news ?
Just like other S-chips!Dont joke. Bought @ 3.75 in 2016, hold till now still lose a big chunk!
Then u never take the chance to average down when it fell to $2 just a few months ago?Dont joke. Bought @ 3.75 in 2016, hold till now still lose a big chunk!
The news “Singapore’s digital bank winner says it’s not trying to bring down established banks “
From the news title it’s clear they are just there to be an alternative and not enthusiastic about the win. It’s like saying we know we will get the lisence. No wonder the share price drop there is no drive