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Analysts keep 'buy' call on Singtel after attending its Investor Day

Felicia Tan
Felicia Tan9/8/2022 02:47 PM GMT+08  • 3 min read
Analysts keep 'buy' call on Singtel after attending its Investor Day
The Singtel building in Singapore. Photo: Samuel Isaac Chua/The Edge Singapore
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PhillipCapital analyst Paul Chew has kept his "accumulate" call on Singtel with an unchanged target price of $3.05 after attending Singtel's Investor Day on Aug 31.

In his report dated Sept 5, Chew notes that a key highlight from the session was the recovery in mobile prices in Singapore, Australia, India and Indonesia from the "benign competition" and the return of roaming revenue.

"Business segments with softer outlooks include AIS and NCS. Softer AIS outlook is due to intense competition, and for NCS it is the near-term ramp-up in headcount and staff cost," the PhillipCapital analyst writes.

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