It seems that winter may be over for Singtel share price (SGX: Z74). The counter has been on a bullish form in recent weeks following the announcement of its A$1.9 billion divestment of Australia Tower Network (ATN), a wholly-owned subsidiary which operates Optus’ passive telecommunications tower infrastructure. To put the icing on the cake, Singtel is also creating a regional data centre to capture digital growth. Has Singtel share price (SGX: Z74) reached a turnaround?
Singtel share price (SGX: Z74) has been on such a trashy form for the past two years that many investors have been left wondering will there be light at end of tunnel for this counter. Nevertheless, the revelation of three new pivots by CEO Yuen Kuan Moon on 27 May 2021 provided much hope for investors. The latest deals affirmed the management’s resolve to execute the CEO’s vision for Singtel growth.