๐ ๐ฅ Top mover alert: SingTel rises another 3.3% to highest in 4.5 years following Investor Day
๐ SingTel shares are up another 3.3% to $3.12 as of 930AM to a new 4.5-year high
โก๏ธ 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.
๐ 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%
๐ Consequently, Macquarie's trending SingTel call warrant XIBW (https://warrants.com.sg/tools/warrantterms/XIBW) is up 88.9% over the same period from $0.018 to $0.034, moving 9 times more than SingTel's advance
โน๏ธ 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)
![๐ ๐ฅ Top mover alert: SingTel rises another 3.3% to highest in 4.5 years following Investor Day](https://ussnsimg.moomoo.com/sns_client_feed/80001371/20240830/1724985771813-934792ff42.png/big?area=100&is_public=true)
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