SINGTEL SHARES HITS ROCK BOTTOM

The Rhetoric

“SINGTEL president and chief executive officer (CEO) Lee Hsien Yang snapped up 200,000 shares in the telecommunications giant on the open market yesterday, a move which could spark a rally in the counter.”
– Straits Times, Apr 4, 2002

The Reality

On Friday Apr 26 2002, SingTel shares slumped to an ALL-TIME LOW of $1.49.