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Fresh wind in Singtel’s sails? Or same old, same old?
For too long a laggard on the stock market, the telco is now flagging a clearer path to sustained higher profitability.
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Singtel this year announced a new ‘value realisation dividend’ of 3 to 6 cents per share per annum.
ST PHOTO: GIN TAY
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Until November 2017, when DBS Group surpassed it to emerge as Singapore’s most valuable listed company, Singapore Telecommunications had been the dominant presence on the local bourse. Subsequently, Singapore’s other big banks – OCBC and UOB – would also go past Singtel.
This May 2, when DBS became the first local company to exceed a $100 billion market capitalisation
