Singtel share price (SGX: Z74) returns from grave!

This will be my first coverage of Singtel share price in 2022. My last coverage on this counter was on 31 December 2021. Since then, Singtel share price has surged from $2.30 to $2.65 at the point of writing. Year-to-date, Singtel share price has increased about 14%. Is this yet another false dawn or light at end of tunnel for the leading regional telco?

Whilst it may be too early for investors to pop the champagne, the operating climate has certainly improved significantly as compared to 2021. The lifting of COVID-19 restrictions in March had pushed Singtel share price to an almost 2-year high as the incoming volume of tourists should increase revenue for the Singapore Consumer business. Nonetheless, the positive effect should kick in from the new financial year onwards (Singtel’s financial year ends on March).

Singtel share price

The coming weeks should see plenty of volatility for Singtel share price as the telco will release its full-year financial result. Based on the results of the past three quarters, the full-year result should be stellar, thereby providing a tailwind for Singtel share price. To put the icing on the cake, Singapore announced further relaxation of public health measures on 22 April 2022. Arising from this, number of tourists should spike in the coming months, providing another catalyst driver for Singtel share price.

Singtel’s sprawling telco businesses are prone to the impact of the pandemic as a significant portion of the Group’s revenue is derived from roaming revenue from tourists. Hence, the lifting of border restrictions should benefit Singtel’s Singapore Consumer business. Furthermore, its regional associate’s businesses will also benefit from cross border travel as Southeast Asia countries start to ease borders’ restrictions too. Thailand, in which Singtel has operations, has also announced easing of borders’ restrictions on 22 April 2022 too.

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Note that this is an opinion article and not meant to be a financial advice. Please do your due diligence or engage financial advisors before investing in the stock market. Furthermore, I am not vested and have never invested in Singtel before. Whether Singtel share price will surge or collapse has no impact on me. Thus, this article is not meant to induce readers to make any form of investment decisions.

Singtel share price faces ambushes?

Notwithstanding the slew of positive developments, dark clouds loom ahead for Singtel share price. Singtel, together with [This is a premium article. The rest of the content is blocked and can be accessible by SG Wealth Builder Members only. To read the full content, please sign up as member.]

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2 thoughts on “Singtel share price (SGX: Z74) returns from grave!

  • April 26, 2022 at 2:52 pm
    Permalink

    Dear Sir,
    Thanks for the analysis of Singtel. It’s in my watchlist from now on.
    How about providing your insight on EnGro for the benefit of your subscribers?
    Thanks & kind regards,
    Bob

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