Shares & Derivatives
Singtel hits multi-year low and all time oversold since 2000! (3 Jul 2018)
By Ernest Lim's investing blog  •  July 4, 2018
Singtel closed -$0.03 to $3.02, the lowest close since Jun 2012. Based on Bloomberg, it is trading at approximately 5.9% estimated div yield. Ave analyst target is around $3.92. Hence total potential upside is around 35.7%. What has happened to Singtel which hit multi-year lows despite analysts’ buy calls? Is this a buying opportunity? Or is it a falling knife? Singtel – takeaways from some analyst reports The recent weakness in Singtel may be attributed to its challenging industry, especially when the industry faces new entrants in both Singapore and Australia. Although Singtel may lack near term catalysts, based on the reports that I have read, many analysts mentioned the following noteworthy points on Singtel for readers to consider:
  1. a) Singtel is going to ex div S$0.107 on 26 Jul 2018. Barring unforeseen circumstances, Singtel has committed its dividend per share at 17....
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By Ernest Lim's investing blog
I am an avid investor, trader cum remisier. I am a Chartered Financial Analyst® charterholder, as well as, a Chartered Accountant of Singapore. I have published articles on a wide range of topics on finance and investment, ranging from market / sector outlook, technical analysis and fundamental analysis etc.
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