Earnings momentum remains positive
- Singapore’s telco sector earnings momentum is likely to remain broadly positive as economic activity continues to ramp up coupled with strong contribution from newly integrated businesses.
- StarHub’s earnings are set to narrow further as opex and capex rises in 2HFY23 while Netlink will likely be largely stable amid the ongoing regulatory fibre pricing review.
- - Read this at SGinvestors.io -
SingTel: Optus the key drivers of core profit in 2HFY24
- We think tariff hikes at Optus will be a key contributor to SingTel (SGX:Z74)’s core profit. Optus raised pricing for its legacy postpaid plans (from AUD30 to AUD49) effective from Aug-23 and non-mobile NBN25 and NBN50 (by AUD1 and AUD6 per month respectively) for new customers, effective from Nov-23.
- - Read this at SGinvestors.io -
- Moreover, following the divestment of Trustwave, SingTel is set to see annual savings of S$120m and an estimated S$30m boost to core operating profit from the sale.
StarHub: Increasing capex & weaker enterprise growth
- Read more at SGinvestors.io.
Above is the excerpt from report by Maybank Research.
Clients of Maybank Securities may be the first to access the full report in PDF @ https://maybanktrade.com.sg/.
Kelvin Tan Maybank Research | https://www.maybank-ke.com.sg/ 2023-10-27
