Stock to watch: Singtel
[SINGAPORE] The following company saw new developments that may affect trading of its securities on Monday (Sep 14):
On Monday, September 14, Singtel saw several significant developments that may impact its stock trading. Optus, a telecom carrier owned by Singtel, experienced a network outage on Friday that lasted 76 minutes and affected users across three Australian states, disrupting emergency services calls. The incident disrupted Optus voice calling services in Victoria, South Australia, Tasmania, and the Northern Territory. Optus apologized for the issue on Saturday.
Shares of Singtel closed at S$4.50 on Friday, a decrease of S$0.02 or 0.4% from their previous value. The newsletter "Decoding Asia" provides guidance on navigating the Asian market amid a new global order and is available for free.
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