- Optus today raised prices of its postpaid mobile plans by 5-19%. We estimate this will increase FY25-27 SingTel group EPS and FCF by 1-2%. Maintain BUY on SingTel (SGX:Z74) due to better growth outlook and firm forward yield of 7% with high visibility.
Optus today raised prices of its postpaid mobile plans by 5-19%.
- - Read this at SGinvestors.io -
- SingTel noted that its back-book will also be changed shortly to align with the price increases. The data allocation has also been raised, from 64-80%, which is in line with peers’ plans.
Signals easing competition
- - Read this at SGinvestors.io -
- We think the price increases indicate competition in the sector has become more rational, and the backlash from customers caused by Optus’ network outage in Nov 2023 has subsided.
Optus’ prices back to being 15% cheaper vs Telstra’s
- 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://www.maybanktrade.com.sg/.
Hussaini Saifee Maybank Research | https://www.maybank-ke.com.sg/ 2024-05-27
Read also Maybank's most recent report:
2024-07-17 SingTel - Our Take On Intouch Restructuring.
Previous report by Maybank:
2024-07-02 SingTel NDR Takeaway - Multiple Catalysts & Dividend Clarity; Reiterate BUY.
Price targets by 5 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
