Home Capital Broker's Calls

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
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

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.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.