Shares & Derivatives
Singtel’s (SGX: Z74) Trading at a Decade Low: Here’s Why I’m Staying Away
By Seedly  •  September 16, 2020
I was astounded when I saw Singapore Telecommunications Limited (SGX: Z74), or Singtel for short, trading at a low not seen in many years. At the time of writing, Singtel shares are going at S$2.22 apiece. According to Google Finance, the last time Singtel stock traded at a price lower than the current one was back in 2008. Source: Google Finance As an investor, when blue-chip stocks trade at a 52-week low price, I would pay extra attention to see if there are any investment opportunities for the long-term. However, for Singtel, I think the stock market is right in pricing the telco as such. TL;DR: Why I’m Avoiding Singtel Shares Despite It Selling at a Low Price I’m passing on the opportunity to invest in Singtel. Here’s why:
  • Singtel has a lack of revenue and net profit growth over the years
  • There’s intense competition in the markets Singtel is operating in
...
Read the full article
By Seedly
Launched in 2016, Seedly helps users make smarter financial decisions with its budgeting app which allows its 40,000 users to sync up their financial accounts and better manage their cash-flow. Last year, we introduced a new community feature which allows users to crowdsource knowledge from peers before making a financial decision.
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance