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
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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.
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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/.
