Shares & Derivatives
[Paywall] Is Singtel currently a good dividend stock?
By SmallCapAsia  •  December 24, 2020
Singtel is the biggest and oldest Telco in Singapore backed by Temasek Holdings. It has been considered a “blue chip” for decades due to its relatively stable dividends and finances. However, times are rapidly changing with the disruption coming from newer entrants like Circles.Life and TPG etc. On the flip side, Singtel has been awarded both the digital banking license and the 5G license too. Hence, the question begets: is Singtel a good dividend stock at current prices? Let us do a quick examination of Singtel below. #1 Profitability of Singtel Sourced from ShareInvestor.com Revenue has been stagnant/dipped slightly over the past 8 years – hovering around the $16-17 billion region. Net profit has been slowly increasing from 2016 to 2018, but however took a dip after that. One important thing to note is that FY2018 profits received a boost due to the disposal of Netlink Trust at $2.03 billion. Another crucial thing is that FY2020 was impacted by the fine of its subsidiary Bharti Airtel of $1.80 billion....
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By SmallCapAsia
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