SINGAPORE (Dec 9): UOB Kay Hian is maintaining its “hold” call on Singtel, with a target price of $3.32, indicating that stock trades at above its 5-year EV/EBITDA mean of 13.6x. 

On the whole, the brokerage appears to have a “cautiously optimistic” stance on Singtel, even as the group fights to defend its consumer and enterprise markets. 

In a Monday report, lead analyst Chong Lee Len notes that the telco is guiding for stable top-line EBITDA for the upcoming year amid competition in the consumer segment and a weak enterprise business outlook. 

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