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Maybank remains upbeat on Singtel's prospects with NCS set to contribute to a bigger slice of the pie

Felicia Tan
Felicia Tan4/8/2022 05:39 PM GMT+08  • 4 min read
Maybank remains upbeat on Singtel's prospects with NCS set to contribute to a bigger slice of the pie
Photo: Albert Chua/The Edge Singapore
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Maybank Securities analyst Kelvin Tan is keeping “buy” on Singapore Telecommunications (Singtel) after the recent spate of acquisitions made by its wholly-owned subsidiary, NCS.

He has also kept his target price unchanged at $2.98.

On March 7, NCS acquired The Dialog Group, Australia’s largest privately-owned IT services company, for A$325 million ($325 million).

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