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What to expect in SingTel's upcoming results release

Samantha Chiew
Samantha Chiew5/18/2020 11:35 AM GMT+08  • 2 min read
What to expect in SingTel's upcoming results release
SingTel is about to release its 4Q20 results, here's what to expect.
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SINGAPORE (May 18): SingTel is about to release its 4Q20 results next week and CGS-CIMB is forecasting core net profit of $620 million to $640 million, or 8-11% lower y-o-y, mainly due to Optus and Singapore.

On a q-o-q basis, analyst Foong Choong Chen in a Friday report believes that earnings would rise by 13-16% due to improvements at Bharti, Globe and Optus. He also expects SingTel to pay a final DPS of 10.7 cents, as per its FY20 guidance.

Foong has kept his “add” recommendation on SingTel with a target price of $3.40.

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