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

SingTel - Illuminating Value In Optus

SingTel (SGX:Z74) | SGinvestors.ioSingTel (SGX:Z74)
  • 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 -

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 -
  • 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.

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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 @

Chong Lee Len UOB Kay Hian Research | Llelleythan Tan Yi Rong UOB Kay Hian | 2024-03-14

Previous report by UOB:
2024-02-26 SingTel - Soft 3QFY24 Results In Line; Forex Movements Continue To Affect Performance.

Price targets by 6 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


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