SingTel

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(20-10-2020, 10:36 PM)CY09 Wrote:
(20-10-2020, 10:29 PM)Raks Wrote:
(30-09-2020, 05:47 PM)donmihaihai Wrote: 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.
While Singtel does not rely on Singapore only, Singtel certainly isn't benefiting from any obvious favoritism in its home ground (I do not know if that "peanut" fine for data breach is the norm).

Another issue is how many telcos will there be in Singapore? Govs need to balance between price competitive (more licenses) & profitability of the major players (ideally to encourage improvements). 

Anyhow, I like Singtel's SEA reach in AIS (Thai), Telkomsel (Indonesia), and GLO (Philippines); all with major market share. Singtel and these telcos can stay uninteresting and generate cash. 

With cash comes startup/ investments in startups/ acquisitions. 
The remaining questions would be whether Singtel knows how to best create synergistic product offerings. As a consumer: I remember canceling "value-added" services that I didn't know I subscribed; I do not know why I've never tried Dash by Singtel.

Grab-Singtel digital banking license would be a very interesting beginning.

My favourite subsidiary of Singtel is NCS that was formerly a government body. So there may or not may be biasness in awarding it contracts.

Dont forget Singtel too has a wide base of corporate customers who will stick to Singtel 4G plans for their corporate use even though there are cheaper telecos like Circles or even M1. Therefore, imo, there is quite a big loyal base of customers

<Have to answer cryptically to avoid any potential lawsuit>


https://www.businesstimes.com.sg/compani...closed-sum

Immediately NCS is on news!

I've been following 2359 and wondering when will it get acquired for years. 2359 has grown from creating mobile friendly ("mobile first") sites to the overall digital solution provider (mobile, cloud, block chain...) currently.  

2359 value proposition should complement well with NCS/Singtel. With 5G coming in, 2359 has a lot of opportunity in some of my fav markets - Vietnam and Indonesia. NCS would also open doors for 2359. 

Before acquisition 2359 was nimble and pragmatic. They did all that's practical to survive as a start up and subsequently thrived as a go-to, top digital consultant in its niche. 

Hopefully the claim that singtel (ncs?) being too rigid is not true. Some of the "failed" consumer facing projects were me-too to existing offerings. Dash - probably wrong timing. 
Anyhow, unlike a new project or startup, 2359 is established.
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(20-10-2020, 10:36 PM)CY09 Wrote:
(20-10-2020, 10:29 PM)Raks Wrote:
(30-09-2020, 05:47 PM)donmihaihai Wrote: 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.
While Singtel does not rely on Singapore only, Singtel certainly isn't benefiting from any obvious favoritism in its home ground (I do not know if that "peanut" fine for data breach is the norm).

Another issue is how many telcos will there be in Singapore? Govs need to balance between price competitive (more licenses) & profitability of the major players (ideally to encourage improvements). 

Anyhow, I like Singtel's SEA reach in AIS (Thai), Telkomsel (Indonesia), and GLO (Philippines); all with major market share. Singtel and these telcos can stay uninteresting and generate cash. 

With cash comes startup/ investments in startups/ acquisitions. 
The remaining questions would be whether Singtel knows how to best create synergistic product offerings. As a consumer: I remember canceling "value-added" services that I didn't know I subscribed; I do not know why I've never tried Dash by Singtel.

Grab-Singtel digital banking license would be a very interesting beginning.

My favourite subsidiary of Singtel is NCS that was formerly a government body. So there may or not may be biasness in awarding it contracts.

Dont forget Singtel too has a wide base of corporate customers who will stick to Singtel 4G plans for their corporate use even though there are cheaper telecos like Circles or even M1. Therefore, imo, there is quite a big loyal base of customers

<Have to answer cryptically to avoid any potential lawsuit>


https://www.businesstimes.com.sg/compani...closed-sum

Immediately NCS is on news!

I've been following 2359 and wondering when will it get acquired for years. 2359 has grown from creating mobile friendly ("mobile first") sites to the overall digital solution provider (mobile, cloud, block chain...) currently.  

2359 value proposition should complement well with NCS/Singtel. With 5G coming in, 2359 has a lot of opportunity in some of my fav markets - Vietnam and Indonesia. NCS would also open doors for 2359. 

Before acquisition 2359 was nimble and pragmatic. They did all that's practical to survive as a start up and subsequently thrived as a go-to, top digital consultant in its niche. 

Hopefully the claim that singtel (ncs?) being too rigid is not true. Some of the "failed" consumer facing projects were me-too to existing offerings. Dash - probably wrong timing. 
Anyhow, unlike a new project or startup, 2359 is established.
Reply
Rainbow 
SingTel - half year ended 30 September 2020 on 12 November 2020, before the start of trading
https://links.sgx.com/1.0.0/corporate-an...bdb05042cc


Stay home and stay safe, everyone.
Heart
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Rainbow 
SingTel - half year ended 30 September 2020 on 12 November 2020, before the start of trading
https://links.sgx.com/1.0.0/corporate-an...bdb05042cc


Stay home and stay safe, everyone.
Heart
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