- Post results, we keep our forecast but lift our SingTel's target price to S$3.80 after reflecting our latest valuation on Telkomsel and adjusting for the market valuation of its regional mobile assets.
- - Read this at SGinvestors.io -
- SingTel remains our preferred Singapore telco stock exposure on rising return on invested capital (ROIC), capital management upside, and positive execution.
3QFY25 tracking in line.
- 3QFY25 core earnings of S$680m rose 22% y-o-y (+23% y-o-y on constant currency) on stronger showing from Optus, NCS and regional associates. 9MFY25 core earnings (+13.7% y-o-y) formed 74% of our and consensus estimates with EBIT (excluding associates) (basis for guidance) up 20% year-to-date.
- - Read this at SGinvestors.io -
Absolute dividend guidance issued.
- Read more at SGinvestors.io.
