- SingTel (SGX:Z74)’s 29%-owned associate Bharti Airtel said on Friday it raised mobile prices across various plans by 10-21% with an average price increase of 15%. Its competitors, Jio and Vi, have made similar price hikes.
- - Read this at SGinvestors.io -
How much can it help Bharti Airtel lift earnings?
- Factoring a price elasticity of 60%, we see the price increases lifting Bharti’s FY25-27 India mobile revenues by 7-9% (assuming a 9-month impact for FY25).
- Further assuming a pass-through impact of higher revenues on EBITDA at 60%, we see India mobile EBITDA rising 7-10% in FY25-27. This translates to an EBITDA lift of INR37-55bn (S$602-903m) for FY25-27.
Raise Singtel earnings estimates by 4-8%
- - Read this at SGinvestors.io -
- Factoring in the impact of India mobile prices increasing in our SingTel model, we raise our SingTel earnings estimates 4-8% in FY25-27.
Raise Singtel target price by 4% to S$3.40
- 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/ 2024-07-01
Read also Maybank's most recent report:
2024-12-02 Singtel - Potential For Larger Capital Return Helped By SingPost.
Previous report by Maybank:
2024-11-14 SingTel - Progressing As Planned, But A Few Areas Of Weakness.
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
