I am a Singtel shareholder and I think many of us here are as well. While our motivations for entry may vary, a fact of the matter is that Singtel has not made new highs since 2015. Based on my analysis of the charts, the long-term downward trend is clear and the odds are against those who think that a reversal is imminent. Technicals aside, we are seeing some catalysts for growth that may not cause a rally but at the very least, may help to put a stop to the selling.

Quick Thoughts about the Singtel’s Operating Environment

It is clear that Singtel lost significant market share (along with profits) in the years prior to Covid-19. They were giants at a time where a single SMS could cost almost $0.05. Price deflation caused by technological advancements have severely disrupted their entire business model. Today, paid services of the past cost little to nothing, some are even free.

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