Singtel’s digital investments must yield dividends, not dead ends
MAINBOARD-LISTED Singtel : Z74 0% has charted an ambitious course with its “strategic reset” – a business revamp that management continued to emphasise in a briefing on Friday (May 27).
Infocomm technology arm NCS, ongoing regional data centre expansion, and a digital bank joint venture have all been touted as areas for “return on invested capital-driven growth”.
But, already burned by the revenue slump in core telecom services, some investors might ask how soon “growth engines” like the Singtel-Grab digital bank venture will deliver returns.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Singapore stocks end week in red; STI down 0.1%
UK's FTSE 100 hits record highs on Anglo-American boost
Holiday Inn owner IHG’s Q1 revenue up 2.6%, leisure travel demand remains strong
SocGen Q1 profit slumps less than expected as investment bank surprises
WSJ moves Asia headquarters from Hong Kong to Singapore
Macquarie sees biggest profit dip in 15 years on commodities downturn