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 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.

Price targets by 6 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