Following up from previous BUY CALL, Singtel, has managed to rebound strongly and has almost reach out target. Upside still possible to 4.10 first. A Break above 4.10 can see it to 4.20 then 4.30. Stable blue chip counter to hold for yield and also potential capital upside. Raise stop loss to 3.96 now. J Congrats to those who participated in the rebound phase.
Sent: Thursday, June 27, 2013 3:26 PM
Subject: ****** Possible rebound: Singtel. Share price 3.69. (Winning Telecom license in Myanmar would be a key REBOUND CATALYST)
Subject: ****** Possible rebound: Singtel. Share price 3.69. (Winning Telecom license in Myanmar would be a key REBOUND CATALYST)
Singtel has broken out of recent consolidation phase which is below 3.65. A break above 3.70 can see it consolidate higher. Has just broken above the Short Term Moving Average (20 DAY MA) – Green line at current level which can signal more short term upside. Next target at 3.78 then 3.80. Can also accumulate on dips for longer term investment and yield. Recent high in May was above 4.00.
Stop loss below 3.50.
Myanmar Mobile License Bidding. Most Likely Winners and Runner-Ups
2013-06-26 16:15:11.616 GMT
SingTel and Digicel Consortiums are most likely winners. The
Myanmar authorities are expected to announce the winners of the
two prized mobile network licenses tomorrow (June 27). Eleven
shortlisted bidders, both solo companies and consortiums, from
SingTel of Singapore, KDDI of Japan to France Telecom-Orange of
France and Digicel of the Caribbean, have battled to gain an
access to Asia’s last major frontier market with over 60 million
people. Having analyzed many factors that would impact each
contender, we hereby provide our assessment with regard to the
most likely winners and runner-ups in the tender (please see the
full analysis on next page).
In our view, SingTel Consortium (SingTel, Kanbawza Bank, MTel)
and Digicel Consortium (Digicel, Quantum Strategic Partners, YSH
Finance) are the two most likely winners of the two licenses.
Extensive expertise in large markets with the highest number of
mobile customers, especially in low-income markets of Asia
Pacific, backing by Singapore sovereign wealth fund Temasek and
good government and business relations should make the SingTel-
led consortium a top choice. SingTel teaming up with Kanbawza
Bank (the country’s largest bank) bring in exceptionally strong
local partner, the criteria which would be an important
consideration in the selection process.
2013-06-26 16:15:11.616 GMT
SingTel and Digicel Consortiums are most likely winners. The
Myanmar authorities are expected to announce the winners of the
two prized mobile network licenses tomorrow (June 27). Eleven
shortlisted bidders, both solo companies and consortiums, from
SingTel of Singapore, KDDI of Japan to France Telecom-Orange of
France and Digicel of the Caribbean, have battled to gain an
access to Asia’s last major frontier market with over 60 million
people. Having analyzed many factors that would impact each
contender, we hereby provide our assessment with regard to the
most likely winners and runner-ups in the tender (please see the
full analysis on next page).
In our view, SingTel Consortium (SingTel, Kanbawza Bank, MTel)
and Digicel Consortium (Digicel, Quantum Strategic Partners, YSH
Finance) are the two most likely winners of the two licenses.
Extensive expertise in large markets with the highest number of
mobile customers, especially in low-income markets of Asia
Pacific, backing by Singapore sovereign wealth fund Temasek and
good government and business relations should make the SingTel-
led consortium a top choice. SingTel teaming up with Kanbawza
Bank (the country’s largest bank) bring in exceptionally strong
local partner, the criteria which would be an important
consideration in the selection process.
DB: Singtel - Thoughts on Myanmar (BUY) – 12 June 2013
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