- SingTel (SGX:Z74) entered into a strategic partnership with Kohlberg Kravis Roberts & Co. (KKR) to divest up to 20% of its regional data centre business (RDC) for S$1.1b. This values the business at an enterprise value of S$5.5b and lofty 31x FY24F EV/EBITDA multiple. There is minimal impact to SingTel's near-term earnings.
- - Read this at SGinvestors.io -
SingTel's new strategic partner.
- SingTel announced that the group has reached a definitive agreement with global investment firm, Kohlberg Kravis Roberts & Co. (KKR), for a 20% stake sale in ST Dynamo Investment Holdings, SingTel’s holding company for the groups regional data centre (RDC) business.
- - Read this at SGinvestors.io -
- Pending regulatory approval, the transaction is expected to be completed by 4Q23 (3QFY24) and is not expected to have a material impact on SingTel’s FY24 financials.
Synergistic deal.
- Read more at SGinvestors.io.
Above is the excerpt from report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full report in PDF @ https://www.utrade.com.sg/.
Chong Lee Len UOB Kay Hian Research | Llelleythan Tan Yi Rong UOB Kay Hian | https://research.uobkayhian.com/ 2023-09-19
Read also UOB's most recent report:
2024-08-16 SingTel - Strong 1QFY25 As Margins Expand, On Track To Exceed FY25 Guidance.
Previous report by UOB:
2024-07-18 SingTel - Early Progress In Driving Shareholder Value & Its Growth Engines..
Price targets by 4 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
