SINGAPORE (Feb 10): UOB Kay Hian is keeping its “buy” recommendation on Singapore Telecommunications (Singtel) with a target price of $4.53 following a “rock solid” performance in 3Q.

Singtel saw earnings increase to $972.8 million in 3Q, an increase of 2.0% from $953.5 million a year ago. Underlying net profit grew 4.2% to $994 million in the quarter ended Dec 31, 2016

(See Singtel 3Q earnings up 2% to $973 mil)

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