"We constantly review our portfolio of assets and are open to monetising assets that do not fit in with our strategy or if we feel will lead to greater shareholder value," the telco adds.
Singtel considers contribution by its separately listed associate SingPost as "not significant" to its overall earnings. The telco, as part of its ongoing "strategic reset" is constantly reviewing which assets to grow, or to divest, in its bid to deliver better shareholder value.
"Active capital management is a key part of our strategic reset," says Singtel, responding to a question from a shareholder ahead of its AGM on July 28, on what is the impact on the telco's financials from the decline in SingPost's market value, and if there are plans to monetise the stake.
