Singtel may gap down when re-open on 17/Feb!

Posted by Dou at 2/15/2010 . Monday
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On 15/Feb, Bharti shares slumped 9.22% in Mumbai trading amid heavy trading volumes, after the company confirmed it was looking to buy most of the African assets of Mobile Telecommunications, or Zain. Bharti is pursuing growth overseas amid price wars and regulatory challenges in the Indian cellular market; its talks with South Africa's MTN Group for a deal valued at $24 billion fell through last year.

As we all know, Singtel hold 32% of Bharti shares therefore GAP DOWN will be expected when market re-open on Wednesday.

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