SingTel - UOB Kay Hian 2023-02-17: 3QFY23 In Line; Fundamentals Remain Intact

SingTel - 3QFY23 In Line; Fundamentals Remain Intact

SINGTEL (SGX:Z74) | SGinvestors.ioSINGTEL (SGX:Z74)
  • SingTel reported higher underlying revenue (+1.6% y-o-y) and PATMI (+18% y-o-y) for 3QFY23 (Oct-Dec 2022), driven by NCS, higher data roaming revenue and contributions from regional associates. Both Singapore Consumer and Optus benefitted from the recovery in international travel and ongoing 5G migration while Group Enterprise was stable y-o-y.
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  • Maintain BUY rating on SingTel. Target price: S$3.15.

SingTel's 9MFY23 results in line.


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