Singapore Telecommunications (Singtel)

Maybank remains 'neutral' on telco sector as uncertainty looms
SINGAPORE (Apr 1): Maybank Kim Eng Research remains “neutral” on the Singapore telco sector amid uncertainty over the implication for competition in the industry with M1’s imminent de-listing. The research house believes StarHub provides the best value and Netlink NBN Trust offers insulation from uncertainty in the wireless segment. Maybank has “buy” calls on both StarHub and ...
Singtel launches more digital services amid disruption in the telco industry
SINGAPORE (Mar 25): Not too long ago, the banks started pushing out credit cards to court mobile phone-wielding millennials with cash backs, dining discounts and travel perks. Now, Singapore’s largest telco is taking a leaf from their playbook. “We are going to go big on digital and lifestyle,” says Yuen Kuan Moon, CEO of Consumer Singapore at Singtel. Already, the telco offers a ...
Singtel well positioned to weather competition, looking cheap at current prices: UOB Kay Hian
SINGAPORE (Mar 21): UOB Kay Hian is maintaining its “buy” call on Singtel with a target price of $3.58, while highlighting that the stock, at the price of $3.02, is currently below its mean EV/EBITDA with a 5.8% dividend yield. In a Thursday report, analyst Chong Lee Len says she continues to like Singtel for its customer-centric offerings and diversification across the region, as well as ...
Singtel widens its e-payments network but how will investors gain?
SINGAPORE (Mar 19): Singapore Telecommunications is expanding its cross-border mobile payment alliance. But how significant will Singtel's foray into e-payments be for investors? To be sure, the details remain scant. Singtel has refused to reveal if it has a revenue-sharing agreement with its regional e-payments partners. It has also declined to reveal if it charges a merchant fee. But ...
Analysts stand ground on Singtel amid Bharti Airtel rights issue
SINGAPORE (Mar 11): Analysts are keeping their recommendations on Singapore Telecommunications (Singtel) – for now – after the telco announced it is subscribing for approximately US$525 million ($713.3 million), or 15%, of Bharti Airtel’s US$3.5 billion rights issuance. The fund raising plan is aimed at cutting debt and shoring up Airtel’s balance sheet as the Indian telecom industry ...
Singtel to buy US$525 mil worth of stock in India's Bharti Airtel
(Mar 7): Singapore Telecommunications (Singtel) said it will buy roughly US$525 million ($712.4 million) worth Bharti Airtel stock as part of the Indian telecoms operator's plan to raise US$4.6 billion through new shares and bonds. The fund raising plan, announced last month, is aimed at cutting debt and shoring up Bharti Airtel's balance sheet as the Indian telecom industry reels from the ...
As US-China tussle over 5G intensifies, dividends of local telcos come under pressure
SINGAPORE (Feb 18): Huawei Technologies Co and the 5G, or fifth-generation, mobile network has been grabbing headlines. US secretary of state Mike Pompeo is reported to have warned European countries that using technology from Huawei could harm their relationship with the US. In Singapore, M1 and Huawei have been in 5G trials together. If M1 is privatised, the spotlight is likely to fall on ...
Singtel 3Q net profit falls 14% hurt by regional associates
SINGAPORE (Feb 14): Singapore Telecommunications on Thursday reported a 14% drop in third-quarter net profit, due partly to intense competition in India and the impact of network investments by regional associates, and forecast a small decline in full-year earnings. Singtel, Southeast Asia's largest telecom operator, posted net profit of $823 million for the three months ended in December, ...
Singtel kept as top pick for RHB amid 'aggressive' TPG trial launch
SINGAPORE (Jan 14): RHB Research is maintaining its “neutral” stance on Singapore’s telecommunications sector following the launch of an “expectedly aggressive” trial offer by new mobile entrant TPG Telecom. “TPG quashed earlier talks that it may abort its mobile rollout by launching a free 4G SIM-only data plan in Dec 2018, offering 12 months of unlimited data,” says RHB’s ...
Singapore stocks with high yield, low expectations are what Credit Suisse prefers for the year
SINGAPORE (Jan 8): Credit Suisse is recommending Singapore investors stick with a portfolio of quality, high-yield stocks and stocks with low embedded expectations to ride out any volatility in 2019 while positioning for a market recovery. And while the market’s upward momentum this year may be dulled by dimmer economic and corporate earnings growth outlook, the Swiss investment bank says ...