May 30 2024, 09:21 AM
QUOTE(Hansel @ May 30 2024, 09:05 AM)
Thank you, TOS...
Singtel's underlying profit is still weak in the recent period, but the reason for this is because of non-cash reasons, and because of 'exceptional' losses.
The question now is : will Singtel be able to turn around with all these new initiatives, called the Singtel 28 ?
And secondly,... this is on a personal basis : as a dividend investor, REITs will not be as good as in the earlier days moving fwd and hence, need to find another dividend-generator.
Hmm, there is a reason why EBIT is not a preferred metric by Buffet...Singtel's underlying profit is still weak in the recent period, but the reason for this is because of non-cash reasons, and because of 'exceptional' losses.
The question now is : will Singtel be able to turn around with all these new initiatives, called the Singtel 28 ?
And secondly,... this is on a personal basis : as a dividend investor, REITs will not be as good as in the earlier days moving fwd and hence, need to find another dividend-generator.
Impairment is still a cut on shareholder's value... If you sell the asset in the market it won't worth as much as when you first bought it. So impairment is a real opportunity cost for shareholders. Non-cash returns are an important indicator of how well management is managing the business, and it tells you how well the assets of the companies are taken care of. Multiple impairments suggest the company overpaid for the asset in the first place or that the business is no longer doing well, such that future cash flows which can be earned by the company is dropping, so discount it to the preset value equals the impairment made today.
I never bother with all those initiatives... Not too far away, Malaysia has plenty of these: Wawasan 2020, Transformasi 2025, then now Madani... It's all bullshit as you know
Nvidia needs no initiative... it just needs to sell chips... Business is here to make money, not listen to consultants and come up with a bunch of "initiatives".
Singtel never really recovered after a bunch of MVNOs come in and eat up their market share. I myself switched to Zero1 to cut my postpaid cost to 7.06 SGD a month from 10 SGD a month previously charged by Singtel directly...
JV with NVDA doesn't mean the money will flow to Singtel. The pricing power stays with NVDA... and NVDA laughs till the end...
I think the best dividend generator still comes from banks, DBS, UOB and OCBC, nothing beats them so far. And the alignment with shareholders are pretty well demonstrated throughout multiple crises.
Just my 2 cents lah haha
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This Singtel initiative actually started with a Strategic Review in 2021. That initiative was successful and is then 'continued' with the Singtel28 initiative today. Based on the name, this new initiative would continue til 2028. Hence, I would bet on ST28.
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