Singtel shares had been a scam all the while ,so no suprises.Why ?
Remember PAP touted Singtel shares at hugely discounted prices many years ago ?...the joke was this .
Everyone than rushed to reap the benefit ,of buying Singtel shares than ,guess at 2.80 or something .I am subject to correction ..
but guess what was the book value ? 15 cents per share !
anyone with accounting knowledge will know this ...by book value it simply means this ...suppose Singtel close shop on that day ,which means it has to pay off everybody from the sales of its assets ...what is left is divided and paid to the share holders...that was 15cents and it's called the book value .
so how was the share value of 2.80 determined ...pure gamble in the share market just like you COE ,by itself it has no value ...the value goes up or down depending how much you are willing to be robbed
blame yourself sinkies