SingTel - OCBC Investment 2024-05-24: Positive Growth & Dividend Guidance

SingTel - Positive Growth & Dividend Guidance

Published:
SingTel (SGX:Z74) | SGinvestors.ioSingTel (SGX:Z74)
  • SingTel (SGX:Z74)’s 2HFY24 (Oct 2023 to Mar 2024)) operating revenue fell 3.6% y-o-y to S$7.1b, weighed by a 3% depreciation of the AUD and the absence of contribution from Trustwave.

FY24 PATMI weighed down by exceptional loss but underlying PATMI was broadly in-line

  • - Read this at SGinvestors.io -
  • With a net exceptional loss of S$2.4b compared to a net exceptional gain in the last corresponding period, Singtel recorded a net loss of S$1.3b in 2HFY24.
  • On an underlying basis, PATMI increased 8.7% y-o-y to S$1.1b in 2HFY24.
  • For full-year, SingTel's PATMI and underlying PATMI came in at S$795.0m (-64.3% y-o-y) and S$2.3b (+10.1% y-o-y) respectively.

FY24 DPS of 15.0 cents

  • - Read this at SGinvestors.io -
  • Together with an interim dividend of 5.2 cents, this brings total SingTel's dividend for FY24 to 15.0 cents vs 14.9 cents in FY23 (including special dividend of 5 cents).

Lower core CAPEX guidance in FY25; 70% of growth CAPEX fully funded

  • Read more at SGinvestors.io.



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



OCBC Research Team OCBC Investment Research | https://www.iocbc.com/ 2024-05-24



Read also OCBC's most recent report:
2025-02-20 Singtel - Positive Guidance Revisions.

Previous report by OCBC:
2024-11-14 SingTel - Progressively Increasing Dividends.

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 Dividend Payout Dates & Corporate Actions,
SingTel News






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