$Singtel (Z74.SG)$ Why Singtel sank nearly 10% in 2 days. Th...
Why Singtel sank nearly 10% in 2 days.
The main reason was likely due to a Citi Research analyst report which was since corrected by the analyst.
The report announced a negative watch on Singtel downside due to a significant earnings miss by Telkomsel in Indonesia, one of Singtel’s major associates.
However, the analyst still stood by the original view of a potentially softening of earnings in the short term.
Before this happened, Singtel’s share price performance had already been disappointing. It is down more than 20% in 5 years from a share price of $3.14 then and even more if compared to previous highs.
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102595825 wil : so coming days expect an increase?
bullrider_21OP 102595825 wil: It needs to break resistance around 2.49 to move higher.
Daddy penguin : Sell on hope, buy on fear
-COYG- : Hope Singtel NDP marching contingent will bring good luck
Big Dipper : The time of the confusing report published (on ex-date) is also a critical factor to drive the price down 10% within 2 trading days. If it was announced a few days before ex, the impact might not be that significant.