- SingTel remains committed to its aim of driving up ROIC to double digits by FY26. The group continues to see NCS and regional data centers (RDC) as its key growth drivers.
- SingTel’s core businesses in Singapore and Australia are expected to benefit from implemented cost optimisation initiatives and market leadership position. Regional associates face favourable tailwinds in most markets which would help boost contributions to the group.
SingTel's Gameplan: Driving ROIC expansion and market value in the near term.
- - Read this at SGinvestors.io -
- - Read this at SGinvestors.io -
- While management awaits a potential IPO of its RDC and/or NCS businesses, it may consider a more immediate 20-25% regional strategic partnerships that will be beneficial to the group.
- We also note that SingTel’s new digital businesses (Paragon and GXS) are also scaling well with GXS expected to be EBITDA breakeven by FY26. Management is re-evaluating its regional associate portfolio (valued at ~S$49b) and may continue to embark on opportunistic stake sales (albeit small bites) of its respective stakes to fund future growth initiatives.
Singtel Singapore.
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