StarHub - DBS Research 2024-10-15: A Laggard Among The Telcos

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All major telcos in Singapore have performed well year-to-date with SingTel's share price gaining the most, by 35%. This was largely driven by the improvement in its core business, growth in the mobile segment, rise in associate values, and improving visibility in its data centre business.

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There are still concerns about the Mobile segment, but this is largely in the low-end market.

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Sachin MITTAL DBS Group Research | https://www.dbs.com/insightsdirect/ 2024-10-15 SGinvestors.io

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