SingTel - Maybank Research 2024-04-29: Correction Is A Buying Opportunity; Reiterate Buy.

• Following today’s news of SingTel’s goodwill/asset impairment and Optus-TPG network partnership, SingTel share price corrected 2.5%. We see the correction as a buying opportunity as Optus fundamentals have improved on the network pact while the impairment charges are non-cash in nature and thus unlikely to impact SingTel's dividends.

Optus: Management call take-aways

• - Read this at SGinvestors.io -
• - Read this at SGinvestors.io -
• On competition in regional Australia, SingTel's management see potential for Optus to take market share on the back of enhanced network. That said, management sees overall consumer competition remaining rational in Australia.

What drove the impairment charges?

• Read more at SGinvestors.io.

Above is an excerpt from a report by Maybank Research.
Clients of Maybank Securities may be the first to access the full PDF report @ https://www.maybanktrade.com.sg/.

Read also Maybank's most recent report:
2025-04-17 Singtel - A Defensive Shield ~ Developed Market Telcos Outshine Amid Uncertainty.

Previous report by Maybank:
2025-02-19 Singtel - Strategic Execution Yielding Tangible Results.

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 Dividend Payout Dates & Corporate Actions,
SingTel News