SingTel - UOB Kay Hian 2023-09-19: Gradually Unlocking Shareholder Value

• 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 an excerpt from a report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full PDF report @ https://www.utrade.com.sg/.

Read also UOB's most recent report:
2025-05-23 Singtel - Announced Inaugural Share Buyback; FY25 In Line As ROIC Improves.

Previous report by UOB:
2025-02-20 Singtel - 9MFY25 Results In Line As Business Outlook Improves.

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 Dividend Payout Dates & Corporate Actions,
Singtel News