Investment thesis
Source: Singtel homepage
Singapore Telecommunications (Singtel) (SGAPY) is the largest telecom company in South East Asia. They are transforming well into more than just mobile phones and the internet. It also has strong fundamentals with a good balance sheet and a generous dividend policy.
It is a very competitive landscape, and it constantly requires large Capex programs, but their innovative approach and large scale still make it a good investment.
The discount investors are offered now during this pandemic will, in my opinion, prove to be an attractive investment for investors with a