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Singtel kept at ‘neutral’ on fair valuations

Jude Chan
Jude Chan8/15/2016 01:46 PM GMT+08  • 2 min read
Singtel kept at ‘neutral’ on fair valuations
SINGAPORE (Aug 15): RHB is keeping Singtel at “neutral” but raising its target price to $4.00, from $3.70 previously.
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SINGAPORE (Aug 15): RHB is keeping Singtel at “neutral” but raising its target price to $4.00, from $3.70 previously.

Singtel’s valuations are “already fair,” says RHB’s Singapore research team in a report on Aug 12. The Telco’s share price has risen 19% year-to-date, outperforming the benchmark Straits Times Index by 17%, RHB added.

Singtel reported underlying earnings growth of 7% for the first quarter ended June to $954 million from a year ago.

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