Following its FY2024 earnings, trading volume has increased and the share price has risen as more investors recognise the progress made. However, Singtel’s share price now is still some way to go from its previous peak of more than $4 back in 2015.
Veterans like Lim & Tan remisier S Nallakaruppan recall the palpable excitement in 1993 when citizens were offered discounted IPO shares of Singapore Telecommunications (SGX:Z74
) (Singtel) using their CPF money.
That move sparked an epic period of market excitement, making Singtel the most widely held stock in Singapore, with around 330,000 shareholders today. Singtel was also the most valuable listed company for years until it was surpassed by the three banks.
