$Singtel (Z74.SG)$ The Australian Competition and Consumer C...
The Australian Competition and Consumer Commission (ACCC) has initiated legal action against Singtel’s subsidiary, Optus Mobile, citing allegations of improper sales practices. As detailed in a recent stock exchange announcement on Thursday, the ACCC seeks penalties, consumer compensation, a compliance overhaul, and legal costs from Optus. Singtel disclosed that the exact penalties are yet to be determined and has already taken disciplinary measures against involved employees. Singtel's stock fell by 1.6% to S$3.13 on Wednesday, preceding the announcement.
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Deep Sea OP : Seems like optus has done wrong. So, deserve to be punished. Law by law.
默默无闻的学徒 Deep Sea OP : I bought some, it can be considered as a little support for the Singaporean company. Many Singaporeans place their retirement in this stock, hoping to grow together with it. The management should reflect on themselves.
Deep Sea OP 默默无闻的学徒 : Always learn from misktake is good for the company. Then investors will feel confident in buying the stock.
_MK_Watcher_ : Nothing should be impactful even with the negative news. Importantly is the respect of transparency. It should support well between 302 & 308 level today. Once the dust settled, it will resume its climb to its original pre-annoucement level till its business update date.
Expecting it will be footing around 308//312 level in the coming sessions, till the next influx of volume.