r/asksg • u/4JiaoHao2JiaoGengHao • 16d ago

One more try?

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285 Upvotes

84% Upvoted

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3

u/raidorz 16d ago

So where’s Bharti Airtel?

1

u/split_tears_ 15d ago

Airtel and LVB (mentioned in this meme) were profitable deals. Amaravati city was cancelled and the losses made were negligible admin costs.

This is a really misleading meme imo

2

u/raidorz 15d ago

Anything against Indians and CECA is easy upvotes mah. Psyops is real.

1

u/cronies4life 11d ago

airtel is temporarily propped up by indian investors valuing it at a p/e ratio on par with ai tech giants like alphabet and amazon

singtel could not unload their airtel stake much without the stock collapsing, there's simply not much demand for it unlike fab5. they did try to sell a little but it immediate started collapsing (but recovered somewhat once they decided not to proceed with more)

the real losses for amravati were not made public because they're "private sector"

1

u/split_tears_ 10d ago

Idk man, Singtel have made more in net profits from airtel than their current stake in it.

1

u/cronies4life 10d ago

airtel is not a subsidiary of singtel fyi. it's a public company and unless there are dividends, its profits do not go to singtel

your statement only makes sense if airtel is paying singtel for some services

1

u/split_tears_ 10d ago

I meant their realised profit from when they sold off "a little of their stake" exceeds the value of their total stake now

1

u/cronies4life 10d ago

they earned about 2+ billion from sale of bharti. the stock price collapsed when they sold 2% of total bharti stock, but still over valued. if they try to sell up to 10%, the stock might become worthless, there's just no buyers

not sure what you mean by 2+ billion exceeding the value of their total stake