SingTel - OCBC Investment 2022-11-15: A Special Dividend Payout Of S$0.05 Per Share

SingTel - A Special Dividend Payout Of S$0.05 Per Share

SINGTEL (SGX:Z74) | SGinvestors.ioSINGTEL (SGX:Z74)
  • 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 -
  • 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 -

Singapore consumer: Growth driven by roaming recovery and 5G migration

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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 @

Chu Peng OCBC Investment Research | 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 5 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


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