This week, Singtel was presented with a takeover bid by Thailand's Gulf Energy for Intouch, which controls Thailand's largest mobile operator, AIS. Singtel is the biggest shareholder of Intouch with a 21 percent stake, while also holding about 23 percent of AIS. What is the likelihood of this bid being accepted? And is SingTel still a steady option for local investors? Royston Yang, Portfolio Manager, The Smart Investor gives his analysis. 

<p>This week, Singtel was presented with a takeover bid by Thailand's Gulf Energy for Intouch, which controls Thailand's largest mobile operator, AIS. Singtel is the biggest shareholder of Intouch with a 21 percent stake, while also holding about 23 percent of AIS. What is the likelihood of this bid being accepted? And is SingTel still a steady option for local investors?&nbsp;<strong>Royston Yang, Portfolio Manager, The Smart Investor&nbsp;</strong>gives his analysis.&nbsp;</p>

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