Singapore Telcos - CGSI Research 2024-10-10: Highlights From Enterprise Events Today

• SingTel launched its on-demand AI cloud service today, targeting domestic enterprises and the public sector initially, before expanding to ASEAN.
• StarHub showcased its Managed Service offerings, which it believes will benefit from the tailwinds from digital spending and smart city development.

Singtel: Official launch of on-demand AI cloud service

• - Read this at SGinvestors.io -
• According SingTel, the service has seen good interest from the public sector, as well as from enterprises within AI research, financial, and advanced manufacturing sectors.
• - Read this at SGinvestors.io -
• SingTel announced several initiatives at the event today. These are mainly partnerships aimed at
  1. developing an AI-powered R&D platform for academia uses,
  2. promoting AI adoption in the advanced manufacturing sector,
  3. accelerating deployment of AI-related solutions,
  4. helping tech companies scale up AI capabilities via an accelerator programme, and
  5. launching AI training programmes for its staff.
• With the official launch of its on-demand AI service, coupled with commencement of DC Tuas in 1QCY26F, we think SingTel is well positioned to ride the AI tailwinds; this underpins our forecast of robust ~20% FY24-27F EBITDA CAGR for Digital InfraCo.

Reiterate ADD with target price of S$3.40

• Read more at SGinvestors.io.

Above is an excerpt from a research report by CGSI Research.
Clients of CGS International may access the full PDF report @ https://itrade.cgsi.com.sg/.

More views on outlook of telecom sector:
Analyst Reports on Singapore Telecom Sector