The impairment provisions would lead to the telecom giant reporting a net loss for the second-half period and a lower net profit for the full-year ended March 31, 2024, according to Singtel. Shares of Singtel were down 2.5% during Monday midday at S$2.35 per share, underperforming the broader benchmark stock index's 0.2% decline. "Singtel highlighted that this won't impact its dividend which is based on 70% to 90% of the underlying net income while the non-cash impairment charges will be booked as one offs," Maybank Research analyst Hussaini Saifee wrote in a research note on Monday.
Singapore Telecommunications on Monday (Apr 29) forecast non-cash impairment provisions of S$3.1 billion (US$2.28 billion) for second-half of 2024 that would lead to the telecom giant reporting a net loss for the period. The company also warned that it would report a lower net profit for the full-year ende
Short Interest in Singapore Telecommunications Limited (OTCMKTS:SGAPY) Declines By 41.8% theenterpriseleader.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theenterpriseleader.com Daily Mail and Mail on Sunday newspapers.
Rajiv Jain s GQG empire in India has expanded to $11 billion, diversifying beyond Adani stocks to include stocks from various sectors like energy, banks, real estate. The portfolio now comprises a wide range of stocks.