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The Week In Numbers: Singtel Sings

It has been a trying week for telecom investors in Singapore. The announced cuts in dividends at M1 (SGX: B2F) and StarHub (SGX: CC3) did not augur well for Singtel (SGX: Z74). But Singapore’s largest telecom operator came through with flying colours. It posted a 2% rise in bottom-line profits to S$973 million for the third quarter, thanks to higher contributions from regional associates.

According to Singapore Exchange (SGX: S68), the SPDR Straits Times Index (SGX: ES3) was the best performer out of the five most actively traded Exchange Traded Funds (ETF). The ETF, which mimics the performance of the Straits Times Index (SGX: ^STI), gained 5.8% in January.

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The Riady family, whose investments in Singapore include First REIT (SGX: AW9U) and OUE (SGX: LJ3), has made an offer to buy Auric Pacific Group (SGX: A23). The company said the offer at S$1.65 for the baker-cum-restaurant group would help to cut the cost of compliance.

The Singapore government is looking to raise water tariffs, as the cost of producing and supplying water rises. The government said it is seeing higher costs in producing water. It also said water in Singapore is currently under-priced. The last time Singapore raised water tariffs was 17 years ago. Who said inflation was dead in the water.

The boss of Disney (NYSE: DIS) has warned that a trade war between China and the US would be damaging. China is increasingly important for Disney’s movies and merchandise sales. Since its opening last June, Disneyland Shanghai has received more than 7 million visitors.

And finally, 6 officials have been told to write self-criticisms and make public apologies after dozing off in a meeting to motivate lazy and sluggish officials. Pictures of the sleeping officials went viral in Chinese media.

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The information provided is for general information purposes only and is not intended to be personalised investment or financial advice. Motley Fool Singapore Director David Kuo doesn’t own shares in any companies mentioned. Singapore Exchange and Disney have been recommended by Motley Fool Singapore.