Singtel - Maybank Research 2025-02-19: Strategic Execution Yielding Tangible Results

• Following 3QFY25 results, we raise our SingTel FY25-27 core NPAT forecasts by 2-3% and our SingTel's target price by 2% to S$3.72, and reiterate BUY.

Singtel revised up dividend guidance

• - Read this at SGinvestors.io -
• Management revised up EBIT growth and associate dividend guidance, and sharpened dividend outlook for FY25 to S$0.165 (the Street expecting S$0.154). See SingTel's dividends.
• - Read this at SGinvestors.io -

Core: steady top line & meeting costs-cutting targets

• SingTel’s 3QFY25 operating revenue rose 1% y-o-y driven by improvements in Optus' (up 4% y-o-y) & NCS.
  • 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.maybanktrade.com.sg/ 2025-02-19 SGinvestors.io
  
  

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  Previous report by Maybank:
  2024-12-02 Singtel - Potential For Larger Capital Return Helped By SingPost.

  Price targets by 3 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