Gents,
Singtel just released it's Q1 (30/06/23) result and based on the other 3xMNO's (Singtel/Starhub/M1) figures this is my back of hand calculation:
The Prepaid 4G SIM segment ( ~ $10 plans where SIMBA competes, not the Postpaid ~ $30+ range):
6 months (01/07/22 - 31/12/22) - 219K Prepaid 4G SIMs net added for 3 MNOs
6 months (01/01/23 - 30/06/23) - 80K Prepaid 4G SIMs net added for 3 MNOs
From above we can see the pace of addition (4G Prepaid SIM) for the 3xMNOs actually decreasing and this is happening in a period where visitor arrivals are increasing substantially, especially from countries like India, Malaysia, Indonesia, China, Philippines...cohorts where SIMBA products target. This should bode well for SIMBA FY23 result in September.
As always, this is just my observation, not financial advices, please do your own research.
Howie
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Gents,Singtel just released it's Q1 (30/06/23) result and based...
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