SingTel is a stock that many Singaporeans hold close to their heart. If you remember when SingTel listed in 1993, Singaporeans were able to buy its shares at a discount. This was part of the government’s effort to encourage us to own a stake in our nation-building and also why most of our parents and grandparents are holding onto Singtel shares.
For me, SingTel was the first stock I ever bought, and it has taught me one of the greatest lessons in my investment journey. Although I had sold my shares at a 30% loss, I have been monitoring its price movement and till date, I have not regretted that decision.
SingTel has recently released its latest financial report and its strategic review moving forward, let us take this opportunity to analyse its business. At the same time, allow me to share what I have learned from my investment with Singtel.