SingTel - DBS Research 2023-02-09: ROIC ~ Another Key Share Price Catalyst

SingTel - ROIC ~ Another Key Share Price Catalyst

SINGTEL (SGX:Z74) | SGinvestors.ioSINGTEL (SGX:Z74)
  • SingTel's share price has demonstrated a positive correlation of 89% with its ROIC (Return on Invested Capital) implying when the ROIC performs better, the share price inches up. It can be observed that during May 2020, SingTel witnessed its share price falling by 26% to S$2.50. This was the time where the big fall from 8% to 5% in its ROIC took place. Weaknesses in SingTel’s core business coupled with reduced contribution from associates was the reason.
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Hence, investors turn their attention towards another key metric - ROIC.

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Above is the excerpt from report by DBS Group Research.
Clients of DBS may access the full report in PDF @

Sachin MITTAL DBS Group Research | 2023-02-09

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


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