Singtel flags $3.1 billion impairment hit, net loss in second half of FY2024
#1

https://www.straitstimes.com/business/si...nd-of-2024
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#2

SingTel is using their salary to show Dignity like this Govt which does not work because skin color is still more important.
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#3

Who is the ceo now?
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#4

derisory sum to them.
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#5

Outcome of a careless investment decision.
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#6

Thanks to Optus
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#7

However it says no impact to the dividend payout
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#8

of all the places they go play with the snake, sure kena makan until no bones lah.
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#9

(29-04-2024, 03:53 PM)K88 shu shu Wrote:  of all the places they go play with the snake, sure kena makan until no bones lah.

The management should step down
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#10

Seems like Tamasick investment overseas all in trouble. How cum?
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#11

Optus is unable to compete with a small company called TPG in Australia.

What is TPG Australia?
Total Peripherals Group was established in 1986 by Malaysian-born Australian businessman David Teoh.
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#12

[Image: IMG-9446.png]

[Image: IMG-9447.webp]
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#13

[Image: IMG-9448.png]
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#14

Smile Should get LHY back as CEO.
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#15

(29-04-2024, 04:54 PM)[[ForeverAlone]] Wrote:  Smile Should get LHY back as CEO.

He was the chairman not CEO
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#16

(29-04-2024, 04:59 PM)lvlrsSTI Wrote:  He was the chairman not CEO

Smile Same rah, I remember under LHY in charge Singtel that time, most of the time Huat.
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#17

ceo itchy hand buy optus
then sell at a big loss
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#18

[Image: IMG-9453.png]
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#19

"Based on estimates, net profit from Optus contributes about 30% of total SingTel Group's net profit in SGD for the year 2013"
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#20

Singtel did many acquisitions in the past and almost none of them turned out well. At one time, they were anyhow buying some startups that immediately became rubbish. E.g. hungrygowhere.
[+] 1 user Likes starbugs's post
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#21

"Chua Sock Koong, who retired as Singtel group CEO in 2020, is currently a senior adviser at the Singapore telco. She is also the deputy chairman of Singapore's Public Service Commission and a member of the Council of Presidential Advisers and the Research, Innovation and Enterprise Council.

29 Apr 2022
https://www.businesstimes.com.sg › ...
Ex-Singtel CEO Chua Sock Koong to join Ayala board"
https://www.google.com/search?q=dingtel+...epped+down&oq=dingtel+ceo+ms+Chua+stepped+down&gs_lcrp=EgZjaHJvbWUyBggAEEUYOTIJCAEQIRgKGKABMgkIAhAhGAoYoAEyBggDECEYFdIBCTE2MzQyajBqNKgCDrACAQ&client=ms-android-oppo-rvo3&sourceid=chrome-mobile&ie=UTF-8#:~:text=Chua%2C%20who%20retired,join%20Ayala%20board
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#22

(30-04-2024, 04:07 AM)Scythian Wrote:  "Chua Sock Koong, who retired as Singtel group CEO in 2020, is currently a senior adviser at the Singapore telco. She is also the deputy chairman of Singapore's Public Service Commission and a member of the Council of Presidential Advisers and the Research, Innovation and Enterprise Council.

29 Apr 2022
https://www.businesstimes.com.sg › ...
Ex-Singtel CEO Chua Sock Koong to join Ayala board"
https://www.google.com/search?q=dingtel+...epped+down&oq=dingtel+ceo+ms+Chua+stepped+down&gs_lcrp=EgZjaHJvbWUyBggAEEUYOTIJCAEQIRgKGKABMgkIAhAhGAoYoAEyBggDECEYFdIBCTE2MzQyajBqNKgCDrACAQ&client=ms-android-oppo-rvo3&sourceid=chrome-mobile&ie=UTF-8#:~:text=Chua%2C%20who%20retired,join%20Ayala%20board

A brilliant, Ms Chua should stayed on as SingTel CEO till today.

Why retired so early in 2020?
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#23

(30-04-2024, 04:28 AM)Scythian Wrote:  A brilliant, Ms Chua should stayed on as SingTel CEO till today.

Why retired so early in 2020?

"Australia's TPG Telecom and Optus, owned by Singapore Telecommunications, have signed network-sharing agreements to increase TPG's coverage and cut capital spending, the companies said on Monday (Apr 29).

TPG will now be covering 2,444 mobile network sites in regional Australia, up from 755, and will gain access to Optus' regional 5G network as it is rolled out.

Shares of TPG gained as much as 3.9 per cent to A$4.3 (US$2.8) and were set for their best session since Feb 2."
https://www.channelnewsasia.com/business...%20Feb%202.
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#24

(30-04-2024, 04:32 AM)Scythian Wrote:  "Australia's TPG Telecom and Optus, owned by Singapore Telecommunications, have signed network-sharing agreements to increase TPG's coverage and cut capital spending, the companies said on Monday (Apr 29).

TPG will now be covering 2,444 mobile network sites in regional Australia, up from 755, and will gain access to Optus' regional 5G network as it is rolled out.

Shares of TPG gained as much as 3.9 per cent to A$4.3 (US$2.8) and were set for their best session since Feb 2."
https://www.channelnewsasia.com/business...%20Feb%202.

You should join TPG instead of working for Optus 😇
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#25

(29-04-2024, 03:51 PM)lvlrsSTI Wrote:  However it says no impact to the dividend payout

No impact to the current dividend payout. Future payout leh?
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#26

(30-04-2024, 06:41 AM)winbig Wrote:  No impact to the current dividend payout. Future payout leh?

It means no impact to current and future dividend payouts, the loss is one off.
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#27

Where got no impact one....eg Seatrium also said impairment no impact but share price impacted alot.
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#28

(30-04-2024, 06:43 AM)lvlrsSTI Wrote:  It means no impact to current and future dividend payouts, the loss is one off.

SingTel former CEO already laughing to the banks.
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#29

(30-04-2024, 06:43 AM)lvlrsSTI Wrote:  It means no impact to current and future dividend payouts, the loss is one off.

FY 2024 dividend will take a hit. 3.1bil is about 20% of FY2023 revenue.
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#30

(30-04-2024, 04:07 AM)Scythian Wrote:  "Chua Sock Koong, who retired as Singtel group CEO in 2020, is currently a senior adviser at the Singapore telco. She is also the deputy chairman of Singapore's Public Service Commission and a member of the Council of Presidential Advisers and the Research, Innovation and Enterprise Council.

The next ho ching.
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