Singapore Telecommunications Limited (SGX:Z74) HEFFX Highlights

Singapore Telecommunications Limited (SGX:Z74) HEFFX Highlights

Singapore Telecommunications Limited (SGX:Z74) HEFFX Highlights

  • SINGTEL reported a 5.6 per cent drop in net profit, including exceptional losses, to S$891.6 million for the first quarter ended June 30 on the back of lower share of results of associates and joint ventures.
  • Excluding Airtel, net profit rose by 3.4 per cent.
  • Strong performances by its core and digital businesses underpinned revenue and Ebitda growth, Singtel said.

Singapore Telecommunications Limited is a communications company. The Company is engaged in the operation and provision of telecommunications systems and services, and investment holding. In addition, it offers Internet services and also holds frequency spectrum and license rights to install, operate and maintain mobile communication systems and services, including wireless broadband systems and services. It operates in three segments: Group Consumer, Group Enterprise and Group Digital Life. The Group Consumer segment comprises the consumer businesses across Singapore and Australia, as well as the Company’s investments in Thailand, India, Africa, South Asia, Philippines and Indonesia. The Group Enterprise segment comprises the business groups across Singapore, Australia, the United States, Europe and the region. The Group Digital Life segment focuses on using the Internet technologies and assets of the Company’s operating companies by entering adjacent businesses.

Overall, the bias in prices is: Downwards.

Short term: Prices are moving.

Intermediate term: Prices are ranging.

The projected upper bound is: 3.84.

The projected lower bound is: 3.68.

The projected closing price is: 3.76.

SINGTEL closed unchanged at 3.760. Volume was 9% below average (neutral) and Bollinger Bands were 77% wider than normal.

Open       High       Low         Close      Volume
3.760      3.780      3.740      3.760      20,583,900

Technical Outlook
Short Term: Oversold
Intermediate Term: Bearish
Long Term: Bearish

Moving Averages: 10-period           50-period       200-period
Close:                        3.84                   3.84                  3.82
Volatility:                 17                        14                      14
Volume:                    22,047,610      20,368,356      21,614,174

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.

Summary

SINGTEL is currently 1.6% below its 200-period moving average and is in an downward trend. Volatility is high as compared to the average volatility over the last 10 periods. Our volume indicators reflect volume flowing into and out of STEL.SI at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bearish on STEL.SI and have had this outlook for the last 4 periods.

Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 17.2414. This is an oversold reading. However, a signal is not generated until the Oscillator crosses above 20 The last signal was a sell 7 period(s) ago.

Relative Strength Index (RSI)

The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 34.26. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 8 period(s) ago.

Commodity Channel Index (CCI)

The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is -100.This is an oversold reading. However, a signal isn’t generated until the indicator crosses above -100. The last signal was a sell 7 period(s) ago.

MACD

The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 7 period(s) ago.

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John Heffernan

John Heffernan is a Junior Analyst at HEFFX. John is studying Economics and is a contributor on equities at Live Trading News.

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