SingTel - Maybank Research 2024-08-12: 3% Share Price Correction ~ Much Ado About Nothing?

Optus tower dispute – Singtel could be net beneficiary

• - Read this at SGinvestors.io -
• Assuming half of the new towers are not delivered and a penalty rate of ~10% (as a % of tower rental), we estimate it could lead to a post-tax annual penalty payment to SingTel of S$7m or 0.2% earnings accretion pa. As such, we see the development as being largely non-material and the correction of SingTel share price is a buying opportunity.

Optus is shaping up well – consumer followed by enterprise

• 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:
2025-05-23 Singtel - Capital Return In High Gear; HoldCo Discount Should Narrow.

Previous report by Maybank:
2025-05-22 Singtel FY25 First Cut - Dividend & Capital Management Surprise.

Price targets by 4 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