Singtel posts decades-low annual profit, eyes new growth strategy

[jinmuddy]

Damn surprised haven turn red yet. Well sinkies are the one propping them up for sure.

 

[nymous]

All wfh and go online still bleeding..

 

[Iamnotib]

Ijit time to all-in???

 

[Bohuatoh]

https://www.channelnewsasia.com/new...s-low-net-profit-new-growth-strategy-14894522

Well, compared itself form the past, yes, it is no good. But this not due to it failure but rather on the global impact because of Covid 19. The right way to look at it to compare it with its closest the peers and those in the the industry.

Once the situation improves, they will also improve. So it is a fallacy to just look at it now and compared the result against the past when the time is good and dump the stock now.

On the contradictory, it may be the best time to pick up this blue chip for the long haul.

 

[yamakazi51]

SingTel deserves to be shut down, they were the one that initiate drop in data plan from 12GB to 3GB with same price.

 

[jonesftw]

 

[matrix05]

Time for LHY cousin to leave? The good time are over.

 

[XiaoWangZi96]

Eh, telecommunications is one of the necessities, and SingTel is the unbeatable number one telecommunications company in Singapore (because it's SingTel; if people want standard, they will automatically choose SingTel, just like bus is choose SBS, train is choose SMRT, newspaper is choose Straits Times, and electricity is choose Singapore Power).

Are you sure SingTel is posting "decades low annual profit"? Now with 5G, it is already a 東山再起 opportunity for SingTel already. SingTel will only keep generating profits, will never incur losses. Simply because telecommunications is a necessity, and SingTel is the prime telecommunications choice in Singapore (because it is SingTel).

 

[Krabs.]

incredible india

 

[Newtype_com]

What can I say? Kanna CECA-ed???

 

[jonesftw]

Still remember got 1 time the Singtel CEO or someone important said wanna charge people for each WhatsApp message. This shows how innovative Singtel actually is.

 

[sPacEmAn_sPiFf]

Need to pump more investments into South Asia nao!

 

[netzach]

lol never ever touch any shares of coys with investments in Yeendia lol.
that's akin to suicide.

 

[azeris10]

SingTel is the case of ownself pwn ownself

 

[pmetpmet]

LOL all the lacist xenophobic people here

Singtel's loss was realized in the US, by two AMDK subsidiaries. Yeendia on the other hand had profit surge, proud to say haha

 

[mewmew]

sinktel hab exclusive market access to south asian rojak thru ceca! nose werry decline ish juz temporary

 

[curiosity_20]

Telecomms have reached a saturation point in terms of consumer tech. There's not much innovation at this point other than 5G. Current cable speeds already very fast and there's no reason to change phones these days given how reliable smart phones already are. Moreover, the content market is already snatched up by Netflix. And given that Singtel mostly serves consumers, it's hard to see Singtel's profit rising again other than slashing salaries and mergers.

- My 2 cents

 

[大蛇丸 Orochimaru]

still got NCS can 顶着

 

[pmetpmet]

Telecomms have reached a saturation point in terms of consumer tech. There's not much innovation at this point other than 5G. Current cable speeds already very fast and there's no reason to change phones these days given how reliable smart phones already are. Moreover, the content market is already snatched up by Netflix. And given that Singtel mostly serves consumers, it's hard to see Singtel's profit rising again other than slashing salaries and mergers.

- My 2 cents

Totally worthless analysis. What you mentioned, the board already saw this happening decades ago. Singtel is capitalized globally, especially in emerging markets so as the world grows and adopts ecommerce Singtel would benefit.

Much much more upside in overseas markets like Australia, Thailand, Indonesia, and Cecaland. One more venture is digital banking, what most people would overlook and not take into account for future growth.

You're too focused on the local market but failed to realize that Singtel already took initiative to expand overseas decades ago and is now reaping in all the profits. Wait a few more years before judging.

Stock market is about the future so DYODD

 

[blacklotus]

https://www.channelnewsasia.com/new...s-low-net-profit-new-growth-strategy-14894522

SEND IN GENERAL NG!!!