- Year-to-date, SingTel's share price has outperformed its ASEAN peers and the local STI index by 23%. However, SingTel’s performance is relatively inline with global developed market telcos (up 14% year-to-date) which outperformed the global MSCI index by 19ppt.
- - Read this at SGinvestors.io -
Reiterate BUY with higher target price
- Despite outperformance, we note that SingTel still has a more than 25% holding company discount while its 16% NPAT growth outlook and higher capital return potential (on top of 5% yield) remain upside catalysts.
- - Read this at SGinvestors.io -
4Q/2H FY25 preview: firm delivery
- 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/.
Hussaini Saifee Maybank Research | https://www.maybanktrade.com.sg/ 2025-04-17
Read also Maybank's most recent report:
2026-05-22 Singtel - Building An AI Growth Engine While Sustaining Capital Returns.
Previous report by Maybank:
2026-04-13 Singtel - Medium-term Catalysts Delayed But Not Derailed.
Price targets by 5 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
