The nightmare continues. Just when investors think that the stock market storm is over, the correction resumes lately. The reality is that business fundamentals don’t change overnight and so does the stock market. China’s slow down began a couple of years ago and not weeks before. The build up to the oil supply glut began a few years ago and not recently. So investors need to be clear that this down-turn is going to be a painfully long winter and it’s not going to go away soon. But amid the bearish market sentiment, there are certainly companies that are worth investing but currently facing price corrections. Among them is SingTel.
The first thing that investors should note is that SingTel is a regional giant that serves more than 550 million mobile customers in Asia, Australia and Africa. This investment moat sets them apart from the other two smaller local rivals, M1 and Starhub. Having this investment moat gives SingTel the ...
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