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:
2025-04-17 Singtel - A Defensive Shield ~ Developed Market Telcos Outshine Amid Uncertainty.

Previous report by Maybank:
2025-02-19 Singtel - Strategic Execution Yielding Tangible Results.

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