SingTel - UOB Kay Hian 2024-04-30: Striking A Deal In Regional Australia

SingTel - Striking A Deal In Regional Australia

Published:
SingTel (SGX:Z74) | SGinvestors.ioSingTel (SGX:Z74)
  • SingTel announced an 11-year A$1.6b network sharing deal with TPG in regional Australia, receiving around A$900m of incremental cashflows over 11 years. However, we expect minimal near-term earnings impact for SingTel.
  • - Read this at SGinvestors.io -

SingTel announced huge impairment in 2HFY24...

  • SingTel announced that the group would recognise S$3.1b of exceptional non-cash impairment in 2HFY24. This is on the back of
    1. - Read this at SGinvestors.io -
    2. impairment of goodwill (S$340m) of the group’s Asia Pacific cybersecurity business from general business weakness,
    3. impairment of NCS Australia (S$280m) from higher cost of capital and most significantly,
    4. impairment on Optus (S$2b).
  • The impairments reflected a range of factors including weaker prospects in the enterprise market, increased cost of capital and the softer macroeconomic outlook in Australia.

… as the enterprise segment underperforms.

  • Read more at SGinvestors.io.




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 @ https://www.utrade.com.sg/.




Chong Lee Len UOB Kay Hian Research | Llelleythan Tan Yi Rong UOB Kay Hian | https://research.uobkayhian.com/ 2024-04-30



Read also UOB's most recent report:
2024-05-24 SingTel - FY24 In Line, New Dividend Policy & Strategic Plan To Unlock Value.

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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