This is a follow-up post to my Singtel post from last month. I decided to park some cash in Singtel after their results came out on May 18. As expected, there was an overall drop in net earnings and group revenue – overall group revenue dipped 1.5% from the previ=ous year, down to S$ 16.71 billion. Net profit dipped only slightly in comparison, down 0.5% to S$ 3.85 billion. Share prices dipped slightly in the following week, but stayed above 3.70, and eventually recovered past 3.80 at one point.

Source: Google Finance

I re-invested with an eye towards data and technological development, mainly the Netlink Trust IPO, which should result in an upwards movement in stock price for Singtel, as well as a warchest for expansion due to divestment of Netlink Trust holdings. Singtel has announced that they are making good progress, and …