Singapore Telecommunications (Singtel)

Singapore offers 5G spectrum, targets standalone network by 2022

(Oct 17): Singapore said it wants all four of its carriers to introduce 5G services, with half the city-state covered by a standalone network by 2022 to maintain competitiveness in developing technology.

Limited risk of Singtel cutting dividend: Citi

SINGAPORE (Oct 14): Citi Research believes there is little likelihood for Singapore Telecommunications (Singtel) to cut FY21 dividends to 13-15 cents/share from the current 17.5 cents/share, despite worries raised by some quarters of the market recently.

In an Oct 10 report, DBS Group Research said Singtel may be forced to abandon its fixed dividend policy and peg dividend payouts to underlying earnings to relieve some burden off its balance sheet.

Could Singtel be forced to end its fixed dividend policy?

SINGAPORE (Oct 10): Singapore Telecommunications (Singtel) may be forced to abandon its fixed dividend policy as outlook for its regional associates stays challenging, says DBS Group Research.

In March, Moody’s Investors Service revised Singtel’s credit ratings outlook from “stable” to “negative” citing continued pressure on the telco’s EBITDA and cash flows.

Briefs

SINGAPORE (Sept 23): “I don’t want you to listen to me. I want you to listen to the scientists. And then I want you to take real action.” 16-year-old climate change activist Greta Thunberg addressing the US Congress on Sept 19.

Anwar says he will be PM around 2020

Malaysian ruling party leader Anwar Ibrahim, who cut a deal to become the country’s next prime minister ahead of last year’s election, said in a Sept 18 interview with Bloomberg that he should take power around May 2020. 

Categories: 

Singtel tops sector amid headwinds; StarHub leads in ROE; SIA, SBS Transit winners too

SINGAPORE (Sept 16): The transport, storage and communications sector has seen quite a shake-up in the last year. Among the telcos, M1 delisted, even as new providers entered the market. Meanwhile, in the transport segment, taxi operators are still fighting off competition from ride-hailing services, Grab and Go-Jek.

Categories: 

Rebound should continue

SINGAPORE (Aug 30): The rebound by the Straits Times Index appears tentative but is likely to continue as quarterly momentum continues to recover.

Chart 1: STI with moving averages and momentum

Briefs

SINGAPORE (Aug 26): “This is a trade war that should have taken place a long time ago. Somebody had to do it. I am the chosen one.”US President Donald Trump on the ongoing trade war with China.

No need for economic stimulus yet, PM Lee says

Categories: 

OCBC in talks with Singtel about virtual bank licence, say sources

SINGAPORE (Aug 21): Oversea-Chinese Banking Corp (OCBC) is in talks with companies including Singapore Telecommunications about seeking one of the city-state's planned virtual bank licenses, according to people familiar with the matter.

See: Singapore to offer up to five digital bank licences

Singtel performance continues to be impacted by Airtel, macro environment

SINGAPORE (Aug 8): Singtel’s 1Q results might have been impacted by losses from Indian associate Bharti Airtel, however the telco believes the worst could be over as Airtel is one of the three operators to survive the industry consolidation.

Flash: Singtel reports 35% lower 1Q earnings of $541 mil

SINGAPORE (Aug 8): Singtel reported 1Q earnings ended June of $541 million, or 3.32 cents per share, 35% lower than the $832 million a year ago.

Singtel says the weaker 1Q bottomline was due to losses suffered by its Indian associate Bharti Airtel and higher depreciation and amortisation costs of $644.3 million.

1Q operating revenue rose 2% to $4.11 billion on growth in consumer Australia and the group’s digital businesses which continued to scale.

More to follow after results briefing this morning.

Be informed of the stories that matter

Subscribe

Be informed of the stories that matter