- 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 -
- Read more at SGinvestors.io.
Above is the excerpt from report by DBS Group Research.
Clients of DBS may access the full report in PDF @ 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:
2024-02-26 SingTel - Focus On Core Operating Profit Trajectory.
Previous report by DBS:
2024-01-26 SingTel - 2 Reasons To Expect A Rally, Finally.
Price targets by 6 other brokers at SingTel Target Prices.
Listing of research reports at SingTel Analyst Reports.
Relevant links:
SingTel Share Price History,
SingTel Announcements,
SingTel Dividends & Corporate Actions,
SingTel News Articles
