SingTel

This Telco has a well-diversified portfolio with 50 percent of pre-tax profits coming from regional associates. Its indicative dividend yield also looks attractive at 5.6 percent base on closing price of $3.15.


 Furthermore, consensus expects earnings to rebound by FY2020 driven by potential earnings recovery of its Indian associate Bharti Airtel .

 Singtel has been showing significant recovery since hitting its low of $3.02. Friday it has a nice breaking out moment to conquer the Resistance at $3.13 level and close well at $3.15.


Volume has slightly pick-up which is quite positive.

 Likely to move up to fill up the Gap at $3.17 and rises higher to retest $3.20 then $3.25 with extension to $3.35 level.

 Not a call to buy or sell.

 Please do your own due diligence.


 Singapore Telecommunications Limited provides a portfolio of communication and technology, and infotainment services to consumers and businesses in Asia, Australia, and Africa. It operates through three segments: Group Consumer, Group Enterprise, and Group Digital Life. The Group Consumer segment engages in the carriage business, including mobile, pay TV, fixed broadband, and voice, as well as equipment sales. The Group Enterprise segment offers mobile, equipment sales, fixed voice and data, managed, cloud computing, cyber security, and IT and professional consulting services. The Group Digital Life segment is involved in the digital marketing, regional OTT video, and advanced analytics and intelligence businesses. The company also operates a venture capital fund that focuses its investments on technologies and solutions; and offers ICT solutions and marketing technology services. In addition, it offers inSing.com that provides hyper-local content, user reviews, and editorials, as well as business or service information; and Trustwave that enables businesses fight cybercrime, protect data, and reduce security risk. The company is headquartered in Singapore.