Last Friday opening price at 3.16 and managed to close higher at 3.20 coupled with quite a high volume looks rather positive!
A 5.6m buying up at 3.20 during closing looks like fund is loading up!
With the several goods news flowing in for overseas associate SingTel is looking good to boost their revenue and net profit level.
Dividend of 10.7 cents going ex-dividend on 26th July may attract some buying activities.
I think a Gap up may likely happen and take it higher towards 3.28 and above .
Huat ah!
Pls dyodd.
SingTel is yielding a yield of 5.6 percent. With regional associates’ earnings beginning to rebound after two years of decline led by potential reduction in losses at Bharti, I think Singtel has the potential to maintain in paying out the dividend of 17.5 beyond 2020.
TA wise, the current price of 3.15 is gaining strength and may likely reclaimed 3.20 level and rises further towards 3.28 and above!
With its 50 days moving average crossing over its 200 days moving average this is rather positive!
Telco is also quite a resilient counter during market volatility.
Not a call to buy or sell.
Pls dyodd.
4th quarter results came in quite stable at 766.9m comparable to last year 767.9m.
Final Dividend of 10.7 cents has been declared.
Ex-dividend on 26th July and payout date on 15th Aug.
Full year dividend of 17.5 cents is nice.
FCF is healthy at about 3.65b which is sufficient to cover the Dividend payout if about 2.8b.
TA wise, looking good to re-attempt 3.20 level.
Crossing over smoothly plus good volume that may drive the price higher towards 3.28 and above.
The company has started to buy back share yesterday of 437,333 share at 3.11-3.12 , looks positive.
Long time didn't see company buying back share.
Not a call to buy or sell.
Pls dyodd.
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