Singtel: Transformation Will Take More Time

We ask the questions that need to be asked, Hong Bao Media Holdings Pte Ltd

Mark Laudi • Investor Central

We ask the questions that need to be asked

Hong Bao Media Holdings Pte Ltd

<p>Trustwave, a Chicago-based business Singtel bought last September, generated S$147 mln in operating revenue, but a S$27 mln net loss for the six months to 31 March 2016 (including amortisation of intangibles and acquisition finance costs). These details were provided on page 104 of the Annual Report.</p><p>Page 136 of the Annual Report states that of the acquisition price of S$1,084m, S$1,069m has been booked as goodwill as at 31 March 2016.  In line with accounting standards, Singtel performs annual…</p>

Trustwave, a Chicago-based business Singtel bought last September, generated S$147 mln in operating revenue, but a S$27 mln net loss for the six months to 31 March 2016 (including amortisation of intangibles and acquisition finance costs). These details were provided on page 104 of the Annual Report.Page 136 of the Annual Report states that of the acquisition price of S$1,084m, S$1,069m has been booked as goodwill as at 31 March 2016.  In line with accounting standards, Singtel performs annual…

Singtel

Correction: Trustwave Goodwill in Tact