SINGAPORE (Sept 16): The transport, storage and communications sector has seen quite a shake-up in the last year. Among the telcos, M1 delisted, even as new providers entered the market. Meanwhile, in the transport segment, taxi operators are still fighting off competition from ride-hailing services, Grab and Go-Jek.
Amid these disruptions, blue chip Singapore Telecommunications has been rated the overall winner of the combined transport, storage and communications category in this year’s Billion Dollar Club (BDC) awards. Singtel also received the highest rating in the ESR category — a nod to its efforts in this area that have
already been underway for years.
Singtel came in second in the sector in terms of growth in profit after tax. For FY2015, the company reported earnings of $3.78 billion. In FY2018, earnings had grown to $5.45 billion. Singtel generated a return on equity (ROE) of 16.88% for the three-year evaluation period for this year’s BDC. This was the second-best performance among its sector peers.
