SINGAPORE (Nov 17): Goldman Sachs is keeping Singapore Telecommunications (SingTel) at “neutral” with an unchanged target price of $4.07, as it reckons the telco player is “fully valued”.

The recommendation comes as the telco’s 2Q FY16 results were in line with estimates of Goldman Sachs.

SingTel reported an underlying net profit of $974 million and revenue of $4.18 billion.

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