30-09-2020, 05:47 PM
Singtel is actually a good case study on what not to do for an investor.
Valuation and business.
IPO valuation. I don't know but base on the earliest number for singtel investor website ( think 2002-2003) would say it was very rich.
Business. From sole provider of fixed line/ mobile line to the current 3 or more. ROE keep dropping. And a way of looking at the business is ask a 50 year old guy. Have you pay more for your bill in your lifetime? Singtel IPO at the time where only the rich own the giant mobile phone and now everyone has at least one and how many pay more for their bill?
This is simple. Really.
Valuation and business.
IPO valuation. I don't know but base on the earliest number for singtel investor website ( think 2002-2003) would say it was very rich.
Business. From sole provider of fixed line/ mobile line to the current 3 or more. ROE keep dropping. And a way of looking at the business is ask a 50 year old guy. Have you pay more for your bill in your lifetime? Singtel IPO at the time where only the rich own the giant mobile phone and now everyone has at least one and how many pay more for their bill?
This is simple. Really.