Our biggest telecom operator Singtel decides to spin off their infrastructure subsidiary NetLink in probably one of the biggest IPO this year.
Singtel’s parent Temasek Holdings, was given a deadline of April 2018 to reduce its interest in NetLink by the Infocomm Develeopment Authority.
IPO is an opportunity for you to play a pseudo lottery when you have a better odds than TOTO and 4D (well sometimes). However, there may be some gems that you could buy and hold on to for some time. We can recall stocks like Sarine, Suntec, Jumbo for example, that falls into this group.
I took a look at the prospectus and this is my brief view.
