- 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/.
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:
2025-02-20 Singtel - 9MFY25 Results In Line As Business Outlook Improves.
Previous report by UOB:
2025-01-21 SingTel - On Track To Continue Driving Shareholder Value.
Price targets by 5 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
