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In the event a Deposit Insurance Scheme member bank or finance company fails, all of your eligible accounts with that member are aggregated and insured up to S$50,000 only.This is less tha half of EU countries of 100,000euro.
A meeting of eurozone finance ministers that started six hours late reached an agreement in the early hours of Monday morning to finalise the fine print of the deal. Savers with deposits of less than €100,000 (£85,000) would be spared but it was thought there would be heavy losses inflicted on the deposits of the wealthy.Laiki, or Cyprus Popular Bank, is to be closed, with its good assets transferred to Bank of Cyprus, the country's biggest bank, where savers would suffer big losses in return for equity shares. Those with more than €100,000 in Laiki would also be hit hard.
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So lesson learnt is whatever financial crisis happen, $100000
Is the magic word.
Spread yr bank deposit into more thanone bank.
Now with good news how to bring down singtel for me to collect? ?
Haiz.
Only opportunity to grab singtel below 350.
Huat ah
Usually, gaps will be filled...
Theres's something rather magical about gaps, though not 100% certain.
FearValueGreed ( Date: 21-Mar-2013 23:24) Posted:
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To close again if DJ plunge a bit next week.
Apr is the month for singtel to shine.
smallsgshare ( Date: 21-Mar-2013 23:04) Posted:
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everknight ( Date: 20-Mar-2013 18:11) Posted:
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Bro, your signal quite tsun ah! Volume also quite good today. Seems this run got some more legs!
FearValueGreed ( Date: 20-Mar-2013 19:25) Posted:
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Wish your prediction is correct one more time!
FearValueGreed ( Date: 20-Mar-2013 19:25) Posted:
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Sure tio
10% upside
iPunter ( Date: 19-Mar-2013 14:22) Posted:
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Now consolidating before breaking 3.60 resistance?!
smallsgshare ( Date: 18-Mar-2013 13:09) Posted:
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SingTel hires banks for Optus Satellite review
Reuters
SINGAPORE, March 18 (Reuters) - Singapore Telecommunications Ltd said it has hired Credit Suisse and Morgan Stanley to conduct a strategic review of its Australian unit Optus Satellite, a business that could be worth at least $1.6 billion.
The strategic review, according to bankers and analysts, could mean an outright sale or an initial public offering of a unit that sells TV, telephony and broadband services to more than 2 million subscribers, and had revenue of A$319 million ($332 million) for the financial year that ended March 31, 2012.
Sachin Gupta, an analyst at Nomura Securities, said the asset could be worth between A$1.5 billion and A$2 billion ($1.6-$2.1 billion) as the margin for the satellite business could be about 80 percent.
" This is not the first time SingTel has reviewed this we understand - given their extensive portfolio, they constantly review their assets and networks ... looking for ways to monetise," Gupta said. " If the market or the buyer is willing to pay seven times or eight times EBITDA multiple, for these assets, then why not."
Optus operates a fleet of five satellites, with another satellite, Optus 10, scheduled for launch in 2013, according to the statement from SingTel.
SingTel, which owns Australia's Optus and stakes in several mobile operators in the region, has been struggling to increase its earnings because of slowing growth in Singaporean and Australian mobile phone subscriptions and problems at Indian associate Bharti Airtel.
Australia accounted for 65 percent of SingTel's revenue in the financial year.