Singtel's review of its digital units is long overdue
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MAINBOARD-LISTED Singtel last week announced impairments on the back of trouble at digital businesses Amobee and Trustwave, which are now facing a strategic review.
The exercise marks the first major move by new chief executive Yuen Kuan Moon - not counting the revamp of infocomm technology business unit NCS, unveiled when he was still CEO-designate in end-2020.
Analysts have largely shrugged off the resultant exceptional losses, while hailing the strategic review as a catalyst for better days at Singtel. Indeed, a Maybank Kim Eng report referred to the exercise as "cleaning up the present, moving to the future".
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