- Stronger growth from SingTel's mobile service.
- Provision of AUD142m to cover costs from the cyber attack on Optus.
- Sharing the benefits of asset recycling initiatives.
SingTel's 1HFY23 results missed expectations but special dividend was a positive surprise
- - Read this at SGinvestors.io -
- Net profit rose 22.6% y-o-y to S$1.2b, boosted by higher contribution from associates and exceptional gain of S$165m (mainly from partial divestment of stake in Airtel). Underlying net profit for the group increased 2.2% y-o-y to S$1.0b, which forms ~42% of our initial full-year forecasts, below our expectations.
- - Read this at SGinvestors.io -
Singapore consumer: Growth driven by roaming recovery and 5G migration
- Read more at SGinvestors.io.
Above is the excerpt from report by OCBC Investment Research.
Clients of OCBC Securities may be the first to access the full report in PDF @ https://www.iocbc.com/.
Chu Peng OCBC Investment Research | https://www.iocbc.com/ 2022-11-15
Read also OCBC's most recent report:
2023-11-10 SingTel - Driving Cost Synergies.
Previous report by OCBC:
2023-11-08 SingTel - Optus Outage Hitting Millions Of Australian Customers.
Price targets by 7 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
