- SingTel (SGX:Z74)'s 1HFY23 (Apr to Sep 2022) underlying net profit of S$1.01bn (+2.1% y-o-y) was 6-7% below our estimates; mainly due to sharp drop in NCS contribution and weaker AUD.
- NCS operating profit declined by 49% y-o-y to S$53m despite a 16% rise in revenue as SingTel tries to adjust NCS’s operating model as it grows into a pan-APAC IT services provider.
- - Read this at SGinvestors.io -
Special dividend surprise.
- - Read this at SGinvestors.io -
- See SingTel's Dividend History.
Growth momentum in Optus is expected to be impacted.
- 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/ 2022-11-11
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