This is a continuation of the previous post. The replacement of OCBC is Singtel. The joke is on me. Many months ago, for those that asked me about Singtel, I will tell them I do not like it. The main issue is cash burn in the future and the “traditional” management. But recently a friend changes my thinking and it kept me thinking on all the future possibilities. Basically, in my opinion, the opportunities exceed its own weaknesses. Thus, let me get into the reasons. 1. Digital Banking Grab-Singtel JV (GSJV) has been awarded for the full digital banking license. Singtel has a 40% stake in the S$1.5bn entity (around at least S$600million outlay from Singtel). Recently, I have a deep discussion on the Fundamental Scorecard Telegram Group on Digital Banking. Basically, I commented that Google Pay as an aggregator will be a major competitor against Digital Banking – and there were a lot of explanations stating that this is a wrong...