SingTel - DBS Research 2022-06-03: 4% Yield With Decent Growth Prospects

SingTel - 4% Yield With Decent Growth Prospects

Published:
SINGTEL (SGX:Z74) | SGinvestors.ioSINGTEL (SGX:Z74)
  • 36% holding company (HoldCo) discount should narrow, with recovery in SingTel (SGX:Z74)'s core business. Current HoldCo discount stands at 36% (vs. seven-year average of 24%), as SingTel's share price has lagged its associates’ share price. The discount had widened sharply last year after a 42% decline in core operating profit from Singapore & Australia in FY21.
  • - Read this at SGinvestors.io -
  • SingTel and Lendlease to enter into a joint venture for the redevelopment. SingTel expects to re-develop its Comcentre headquarters into a S$3bn asset, based on the gross development value upon completion, vs the development cost of S$2.7bn to be incurred by the joint venture company (JVCo).
  • - Read this at SGinvestors.io -
  • Delay in Singapore recovery: SingTel's 2H22 core underlying operating profit was weak due to Singapore, while Australia continued to recover.
    • Read more at SGinvestors.io.



  • Above is an excerpt from a report by DBS Group Research.
    Clients of DBS may access the full PDF report @ https://www.dbs.com/insightsdirect/.



    Sachin MITTAL DBS Group Research | https://www.dbs.com/insightsdirect/ 2022-06-03



    Read also DBS's most recent report:
    2025-06-19 Singtel - Can Core Value Rise >150% In A Year?.

    Previous report by DBS:
    2025-05-23 Singtel - Misses 4QFY25 Earnings But Dividends & Outlook Exceed Expectations.

    Price targets by 4 other brokers at Singtel Target Prices.

    Listing of research reports at Singtel Analyst Reports.

    Relevant links:
    Singtel Share Price History,
    Singtel Announcements,
    Singtel Dividend Payout Dates & Corporate Actions,
    Singtel News






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