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Analysts keep 'buy' on Singtel; DBS lifts earnings and TP on upward earnings revision

Felicia Tan
Felicia Tan7/19/2022 02:09 PM GMT+08  • 9 min read
Analysts keep 'buy' on Singtel; DBS lifts earnings and TP on upward earnings revision
The Singtel building in Singapore. Photo: Samuel Isaac Chua/The Edge Singapore
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DBS Group Research analyst Sachin Mittal is keeping his “buy” call on Singapore Telecommunications (Singtel) on the potential sale of Amobee and Trustwave as it could mean an upward earnings revision after a long time.

Mittal has also upped his target price to $3.24 from $3.20 previously.

“Our fair value for the company’s core business is 81 cents per share (previously 77 cents), from higher core profit due to the potential sale of Amobee and Trustwave,” he writes.

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