SingTel
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SINGTEL - TELCO GIANT AT TINY 16 YEAR LOW PRICE
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The proposed merger of Indus Towers and Bharti Infratel will create one of the largest telecom tower companies in the world, with more than 163,000 structures
Bharti Airtel is the best performer on India' s stocks benchmark this year, jumping 26 per cent and reaching a record on May 19, amid optimism the carrier will continue to attract bigger-spending users. The stock surged on Thursday after Reuters reported Amazon.com was in early talks to buy a stake of at least US$2 billion. It ended the week with a 5.8 per cent advance.
Brokerages raise target of bharti airtel with another 27% upside
Not true you look at bharti airtel stock .. it is surging at near all time high now
Singtel investment from many years ago is actually paying off now
That' s why singtel netted like 550 million by selling just 2 % of the stock in may
moneyspinner ( Date: 02-Sep-2020 17:39) Posted:
Continue to throw good money after bad! Well done, SingTel!👍
$$$$$$$$ ( Date: 02-Sep-2020 14:22) Posted:
Singapore-based investment company Integrated Core Strategies (Asia) Pte. Ltd has bought 38 million shares of Bharti Airtel Ltd for ₹ 1,953 crore, through an open market transaction, data from stock exchanges shows.
Integrated Core Strategies (Asia) Pte bought 3,80,10,584 shares of Bharti Airtel at an average price of ₹ 513.79 per share, which was valued at ₹ 1952.95 crore as per bulk deals data available on the National Stock Exchange.
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Bharti Airtel and Vodafone Idea needed to pay 10% of their adjusted gross revenue (AGR) dues within the next 7 months,
Pay and pay to India government!!
danger ( Date: 02-Sep-2020 07:56) Posted:
Mobile phone consumers should brace for tariff hikes, say experts
Consumers are facing imminent tariff hikes for voice and data services by minimum 10% with the likes of Bharti Airtel and Vodafone Idea needed to pay 10% of their adjusted gross revenue (AGR) dues within the next 7 months, as per industry estimates.
Operators, for the first time in four years, had raised charges by up to 40% in December, 2019 which have translated to a 20% increase in earnings in the first half of 2020.
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Continue to throw good money after bad! Well done, SingTel!👍
$$$$$$$$ ( Date: 02-Sep-2020 14:22) Posted:
Singapore-based investment company Integrated Core Strategies (Asia) Pte. Ltd has bought 38 million shares of Bharti Airtel Ltd for ₹ 1,953 crore, through an open market transaction, data from stock exchanges shows.
Integrated Core Strategies (Asia) Pte bought 3,80,10,584 shares of Bharti Airtel at an average price of ₹ 513.79 per share, which was valued at ₹ 1952.95 crore as per bulk deals data available on the National Stock Exchange.
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$$$$$$$$ ( Date: 02-Sep-2020 14:22) Posted:
Singapore-based investment company Integrated Core Strategies (Asia) Pte. Ltd has bought 38 million shares of Bharti Airtel Ltd for ₹ 1,953 crore, through an open market transaction, data from stock exchanges shows.
Integrated Core Strategies (Asia) Pte bought 3,80,10,584 shares of Bharti Airtel at an average price of ₹ 513.79 per share, which was valued at ₹ 1952.95 crore as per bulk deals data available on the National Stock Exchange.
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Singapore-based investment company Integrated Core Strategies (Asia) Pte. Ltd has bought 38 million shares of Bharti Airtel Ltd for ₹ 1,953 crore, through an open market transaction, data from stock exchanges shows.
Integrated Core Strategies (Asia) Pte bought 3,80,10,584 shares of Bharti Airtel at an average price of ₹ 513.79 per share, which was valued at ₹ 1952.95 crore as per bulk deals data available on the National Stock Exchange.
A gauge of Indian telecommunication stocks extended gains after the nation &rsquo s top court approved a 10-year payment plan for them to clear back-fees. The benchmark stock index fell slightly.
The S& P BSE Telecom Index climbed 1.1%, set for its best two days since June. The S& P BSE Sensex Index was down 0.3% to 38,770.50 as of 10.42 a.m., while the NSE Nifty 50 Index dropped 0.2%.
The court decision to allow companies including Bharti Airtel Ltd. and Vodafone Idea Ltd. to pay combined back-fees worth 1.4 trillion rupees ($19 billion) over a decade is positive as it will give them cash-flow respite, Nitesh Jain, a director at CRISIL Ratings wrote in a note.
We expect telcos to hike tariffs to recover the additional liabilities,Jain said.
Bharti Airtel Ltd., with India &rsquo s second-largest subscriber base, climbed as much as 1.5%, extending its 6.5% gain Monday. Vodafone Idea Ltd., the third largest player, climbed as much as 15% after dropping Monday amid uncertainty about its future.
THIS GIANT IS CONSOLIDATING AT $2.30 FOR SOME TIME ALREADY ....
danger ( Date: 02-Sep-2020 07:45) Posted:
Analysts say Singtel remains a dividend play
The stock currently has a 12-month consensus share price target of S$3.06, alongside an average rating of &lsquo buy&rsquo &ndash based on a Bloomberg poll of 17 brokers.
The price target represents an upside of roughly 31% from the last traded price.
RHB analysts on 18 August 2020 downgraded their price estimate on the stock to S$3.20 per share from S$3.40, while keeping a &lsquo buy&rsquo recommendation, citing the company&rsquo s worse-than-expected earnings.
IG &rsquo s market analysis shows that &lsquo buys&rsquo form 100% of all trades on the Singtel counter today and 67% of all trades across the week so far.
Additionally, 94% of client accounts also currently hold &lsquo buy&rsquo (long) positions on the stock, indicating an expectation for Singtel&rsquo s share price to rise in the immediate term.
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While Singtel will eventually recover, expect any money put in here to be stuck a long time.
Mobile phone consumers should brace for tariff hikes, say experts
Consumers are facing imminent tariff hikes for voice and data services by minimum 10% with the likes of Bharti Airtel and Vodafone Idea needed to pay 10% of their adjusted gross revenue (AGR) dues within the next 7 months, as per industry estimates.
Operators, for the first time in four years, had raised charges by up to 40% in December, 2019 which have translated to a 20% increase in earnings in the first half of 2020.
The firm also reiterated the stock dividend potential &ndash calling it a dividend play, putting their base case at S$0.09 per share in fiscal 2021.
This figure would give the blue-chip an annual dividend yield of 3.9%. Singtel &rsquo s dividend yield for the last financial year ending 31 March 2020 was roughly 7.5%.
Analysts say Singtel remains a dividend play
The stock currently has a 12-month consensus share price target of S$3.06, alongside an average rating of &lsquo buy&rsquo &ndash based on a Bloomberg poll of 17 brokers.
The price target represents an upside of roughly 31% from the last traded price.
RHB analysts on 18 August 2020 downgraded their price estimate on the stock to S$3.20 per share from S$3.40, while keeping a &lsquo buy&rsquo recommendation, citing the company&rsquo s worse-than-expected earnings.
IG &rsquo s market analysis shows that &lsquo buys&rsquo form 100% of all trades on the Singtel counter today and 67% of all trades across the week so far.
Additionally, 94% of client accounts also currently hold &lsquo buy&rsquo (long) positions on the stock, indicating an expectation for Singtel&rsquo s share price to rise in the immediate term.
ALL THE BAD NEWS AND UNCERTAINTY CLEARED AND FACTORED INdanger ( Date: 01-Sep-2020 16:38) Posted:
Starship ( Date: 01-Sep-2020 16:36) Posted:
India Supreme Court approves payment plan for telcos including Bharti Airtel
TUE, SEP 01, 2020 - 3:05 PM
[NEW DELHI] India' s top court approved a 10-year payment plan for telecom companies to clear combined back-fees worth 1.4 trillion rupees (S$25.83 billion), a ruling that comes as only a partial relief for cash strapped Vodafone Idea.
The Supreme Court on Tuesday rejected the 20-year payment timeline as proposed by Prime Minister Narendra Modi' s administration and supported by telecom companies, but allowed the federal government to collect the amount in installments. The three-judge panel headed by Justice Arun Mishra said 10 per cent of the dues must be paid in the first tranche.
While the ruling is not the most desired option, it is still a relief for operators such as Singtel associate Bharti Airtel and Vodafone Idea. Vodafone is particularly struggling with mounting losses and more than US$14 billion of debt. Billionaire Kumar Mangalam Birla, the chairman of the local joint venture with UK' s Vodafone Group, warned in December that the company was headed toward insolvency in the absence of any aid.
Shares of Bharti Airtel gained as much as 5.1 per cent after the verdict while Vodafone Idea plunged 15 per cent. Representatives for the companies declined to immediately comment.
" This is positive for Bharti Airtel and Reliance Jio and negative for Vodafone Idea," said Gurmeet Chadha, strategist at Complete Circle Consultants in Delhi. " Telecom is a gruesome business and when 5G comes you will have to pay more for spectrum. Eventually, unless Vodafone Idea raises significant capital or gets a strategic partner, we are headed for a duopoly." The case that meandered through the Indian legal system for almost two decades saw the bill Vodafone Idea faces ballooning to US$7.8 billion after government officials submitted new calculations to the court in March. Vodafone Idea has paid a little over US$1 billion against its dues so far. Airtel, which now faces US$5.9 billion in total payments, has cleared US$2.4 billion.
https://www.businesstimes.com.sg/companies-markets/india-supreme-court-approves-payment-plan-for-telcos-including-bharti-airtel |
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humbleman ( Date: 01-Sep-2020 17:09) Posted:
| Close flat leh. Dont FOMO people leh. This is a trap |
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LOAD
This the base accumulation forming
Close flat leh. Dont FOMO people leh. This is a trap
