🎉 💥 Top mover alert: SingTel rises another 3.3% to highest in 4.5 years following Investor Day

📈 SingTel shares are up another 3.3% to $3.12 as of 930AM to a new 4.5-year high

➡️ The company had held an Investor Day yesterday, where they highlighted the merits of its Singtel28 strategy, and revenue growth across all four divisions (Singtel SG, Optus, Digital InfraCo [DICo], NCS). Additionally, the company mentioned potential share buyback/capital reduction for the first time.

📊 Two weeks ago on 15 August, the company published its first quarter net income of $690 million which was a 43% increase over the previous year and beats Bloomberg analysts' estimates of $646 million. In the week leading up to its earnings result, SingTel's share price had rallied 6.3%. Today's +3.3% share price increase takes the total share price return since 12 August to +9.5%

ℹ️ Investors who believe SingTel shares may move yet higher in the short-term may wish to consider using SingTel call warrants which cost a fraction of SingTel's share price while providing leverage to investors (as demonstrated by its more than 9 times move versus the shares)