Singapore Telecommunications

A new Singapore cabinet could propel stocks higher: OCBC
(Dec 6): Singapore equity valuations are likely to benefit from the handover of the country’s reins to younger leaders. That’s according to Carmen Lee, the head of research at Oversea-Chinese Banking Corp. A younger team with technology- and media-savvy members would put more focus on making the city-state a “smarter” nation and may even cut corporate and personal taxes. That, in turn, ...
Singtel's 2Q earnings lower at $667 mil on absence of one-off gain
SINGAPORE (Nov 8): Singtel announced earnings of $667.2 million for 2Q19, down from its restated earnings of $2.85 bil in 2Q18, where a $2.05 billion exceptional gain was booked on the partial divestment of NetLink Trust. Excluding one-off items, underlying net profit fell 21% on lower contributions from Airtel and Telkomsel, as well as forex losses that came on the back of a stronger ...
Potential union of Australian telecom rivals a boost for Singtel
SINGAPORE (Aug 23): A potential marriage between two rivals in Australia could bring joy to Southeast Asia’s largest telco, Singapore Telecommunications. A merger between Vodafone Hutchison Australia and TPG Telecom would see Singtel facing less competition in Australia, where it generates over half of its revenues. “If a deal does proceed, we believe it would be positive for ...
Temasek gains more relevance as it pursues emerging, disruptive trends
SINGAPORE (July 16): During the early years of this newspaper, I rarely made space in our pages for Temasek Holdings. While we actively covered the many public-listed companies in which it held major stakes, doing a story on Temasek itself seemed to be more trouble than it was worth. A former colleague once demanded to know why I would not make a page available for the state-owned investment ...
SGX-listed companies lag in remuneration disclosures: report
SINGAPORE (Jan 11): Disclosure of remuneration amounts for directors and higher management remains weak among companies listed on the Singapore Exchange, according to a report released today by corporate governance advocate Mak Yuen Teen of the NUS Business School. “Remuneration disclosures and practices in Singapore lag those in more developed markets,” says Mak. “In light of recent ...
Why SPH needs to restructure itself
(June 27): The broad market apathy towards shares in Singapore Press Holdings belies the confidence with which the company is pursuing its next major property development project, and its solid track record in creating value in the real estate sector. The problem is that its core business remains newspaper publishing, which does not appeal to investors in the public market. The time may have come ...
NetLink briefs analysts on $2 bil IPO as fees cut
SINGAPORE (May 11): NetLink Trust, the fibre broadband network provider backed by Singapore’s biggest phone company, started briefing analysts this week ahead of an initial public offering that could raise at least $2 billion, people with knowledge of the matter said. The arm of Singapore Telecommunications began meeting research analysts to explain its business model, which ...
Here’s why consolidation in India is good news for SingTel
SINGAPORE (Feb 1): UOB Kay Hian is maintaining its “buy” recommendation for Singapore Telecommunications, even as Vodafone Group and Idea Cellular continue with talks about merging their Indian operations. At present, SingTel’s Bharti Airtel is the largest mobile operator in India with 260 million subscribers and a 24% market share. The potential merged entity between Vodafone and ...
Here’s why Singtel’s earnings could pick up in 2019
SINGAPORE (Jan 23): DBS Group Research is reinstating coverage for Singapore Telecommunications with a “buy” rating, with the expectation that the telco’s digital business will turn profitable at the pretax earnings level in 2019. According to Sachin Mittal, DBS’ research analyst, SingTel’s digital advertising and cybersecurity businesses – collectively its digital businesses – ...
Southeast Asia currency slide inflates US$20 bil debt bil
(Nov 29): Here we go again. Southeast Asia is bracing for rising debt bills as the region’s currencies slide. The amount that the area’s companies, banks and governments must repay on dollar-denominated bonds will rise 8% next year to US$19.7 billion ($28.1 billion), just as a slide in Asia’s currencies to the weakest this decade threatens to push up servicing costs on that ...