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

• 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 an excerpt from a report by OCBC Investment Research.
Clients of OCBC Securities may be the first to access the full PDF report @ https://www.iocbc.com/.

Read also OCBC's most recent report:
2025-02-20 Singtel - Positive Guidance Revisions.

Previous report by OCBC:
2024-11-14 SingTel - Progressively Increasing Dividends.

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 Dividend Payout Dates & Corporate Actions,
SingTel News