Singtel is one of those quintessential Singaporean stock that every Singaporean knows (and may even own).
Back in 1993 when Singtel IPO-ed, there was a scheme known as Singtel Discounted Shares (SDS), which allowed Singaporean CPF members to purchase Singtel shares at a discounted price.
This led to broad ownership of Singtel among retail investors of a certain age, making this a very followed stock.
Unfortunately, this is what the 5-year chart looks like, which is not pretty.
Source: ShareInvestor WebPro
Note: The research for this article, and most of the charts here, are sourced from ShareInvestor Webpro. It’s a great way to quickly perform research on Singapore stocks, far more comprehensive and flexible than other options like Yahoo Finance.
You can learn more in my review on ShareInvestor Webpro here.
Basics: What is Singtel?
Singtel is a telecommunications company – it provides phone and mobile data services....