SingTel - UOB Kay Hian 2024-03-15: Illuminating Value In Optus

• Responding to The Australian Financial Review article on the potential sale of Optus for A$16b, SingTel (SGX:Z74) stated that there is no impending deal at this juncture. That said, management is regularly reviewing its underlying assets. Operationally, Optus’ operating trend is on an uptrend.
• - Read this at SGinvestors.io -

No impending deal to offload Optus….

• The Australian Financial Review reported that SingTel is in advanced discussions to sell Optus to Toronto-headquartered private equity fund Brookfield for A$16b-18b (S$14b-16b).
• - Read this at SGinvestors.io -
• Furthermore, SingTel reiterated that its current focus is to improve network resilience and conduct a CEO search for Optus.

….but regularly reviews its asset holdings.

• 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:
2026-02-13 Singtel 9MFY26 - Cost Discipline Drives Margin Expansion.

Previous report by UOB:
2026-02-05 Singtel - Value-accretive Data Centre Portfolio Expansion.

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