In its latest annual report published on July 7, Singtel’s chairman Lee Theng Kiat and chief executive Yuen Kuan Moon have recognised that the Covid-19 pandemic has provided the group with tailwinds of digitalisation that the telco intends to exploit.
This comes on the back of Singtel announcing its plans for a strategic reset on May 27, as what analysts have been calling a “clean slate” for the group to move ahead in FY2022. This was also announced alongside a lacklustre FY2021 ended March earnings which fell 49% y-o-y to $544 million, as well as $1.2 billion in impairment.
