- SingTel's share price has demonstrated a positive correlation of 89% with its ROIC (Return on Invested Capital) implying when the ROIC performs better, the share price inches up. It can be observed that during May 2020, SingTel witnessed its share price falling by 26% to S$2.50. This was the time where the big fall from 8% to 5% in its ROIC took place. Weaknesses in SingTel’s core business coupled with reduced contribution from associates was the reason.
- - Read this at SGinvestors.io -
- - Read this at SGinvestors.io -
Hence, investors turn their attention towards another key metric - ROIC.
- Read more at SGinvestors.io.