Are Singtel’s forex troubles overhyped?

Analysts say investors have the wrong idea.

Investors have been having second thoughts about how the telecommunications giant would fare against a depreciating Chinese renminbi and the competitive devaluation of regional currencies. However, this may not be the case.

According to analysts from UOB Kay Hian, the Singapore dollar has also been depreciating parallel to regional currencies, which means there is minimal effect on SingTel's overseas earnings.

Meanwhile, Singtel has also been recording growth from its regional mobile associates Telkomsel in Indonesia, Bharti Airtel in India, Advanced Info Service in Thailand and Globe Telecom in the Philippines.

"In particular, Telkomsel and Bharti Airtel have registered data traffic growth of 131% and 183% yoy, respectively, and data revenue growth of 45% and 67% yoy," said UOB Kay Hian.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia