Singapore Telecommunications Limited (Singtel)

RHB remains ‘neutral’ on telco sector with cost optimisation remaining a key narrative - THE EDGE SINGAPORE

Broker's Calls

RHB remains ‘neutral’ on telco sector with cost optimisation remaining a key narrative

Singtel remains RHB's top pick with a "buy" call and target price of $3.15.

Telecommunications

Appeal of Singtel’s Australian subsidiary about taxes dismissed

As at 1.19pm, shares in Singtel are trading 1 cent higher or 0.42% up at $2.38.
Singtel reports 3QFY2024 net profit of $465 mil, 12.5% y-o-y - THE EDGE SINGAPORE

Results

Singtel reports 3QFY2024 net profit of $465 mil, 12.5% lower y-o-y

Singtel’s net profit for the 9MFY2024 grew by 52.9% y-o-y to $2.60 billion.

Environmental, Social and Governance

Singtel first telco in Asia to renew SBTi-validated targets

Singtel is aiming to reduce its Scope 1 and 2 direct and indirect greenhouse gas emissions by 55% by 2030.

Telecommunications

Singtel secures $535 mil five-year green loan, its first

The proceeds will be used to refinance the borrowings and support the operations of DC West and DC Kim Chuan.

Telecommunications

Optus secures four new spectrum lots for A$33.5 mil

The new spectrum lots mean Optus customers will be able to experience better 5G from the telco in these areas.
Optus CEO resigns after nationwide outage; former StarHub CEO to join as COO - THE EDGE SINGAPORE

New appointments

Optus CEO resigns after nationwide outage; former StarHub CEO to join as COO

Peter Kaliaropoulos, the former CEO of StarHub, will join Optus as COO on Nov 22.

Telecommunications

Singtel’s software upgrades not the root cause of Optus outage

As at 4.51pm, shares in Singtel are trading 1 cent lower or 0.42% down at $2.37.
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