As the saying goes – change is the only constant.
Hence, it is safe to say that any company that does not evolve or adapt to changing business conditions is doomed to slowly fade away.
The good news is that the management teams of the following four companies are aware of staying with the status quo for too long.
They have initiated strategic reviews and/or transformations to ensure the organisation can successfully evolve to keep up with the times.
Read on to find out if these transformations can act as catalysts for their share prices.
Singtel (SGX: Z74)
Singtel is Singapore’s largest telecommunication company (telco) and offers mobile, broadband, and pay-TV services.
The blue-chip group also provides cybersecurity and ICT services to corporations.
The telco’s strategic reset was announced nearly three years back in May 2021 when the group recognised the need for impairment charges and to revitalise its core business....