(1) Last quarter saw operating profit maintained. Contributions from associates down ~ 20%, mainly due to weaker performance from Airtel and Telkomsel in India and Indonesia.
(2) Free cash flow up 13% to 1.47b
(3) It's CEO highlighted that revenue is stabilizing on sequential quarter basis for India.
HIGHLIGHTS:
(1) The Group has been aggressive in digital segment. Digital Life business, Amobee has been narrowing loss. It could be next IPO target once turning into profit
(2) Collaborating with Razer, a regional eSports will be launched on October. eSports has been gaining high population in world. It's also one of the competitions in latest Asian Game.
(3) A potential merger between Vodafone Hutchison and TPG could see Singtel facing less competition in Australia, where it generates half of revenues.
CHART:
The counter has been top selling target among institutes fund on mid 2018. Undoubtedly, price broke few years support. Somehow it formed double bottom ~3 last month. Buying interest might have returned for the moment. >5% dividend yield is attractive for investors as well.
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