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
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