- SingTel has sold around 1.2% of its stake in India's Bharti Airtel for S$2bn. As per Reuters, this could translate to an estimated gain of S$1.4bn.
Rationale and usage of Bharti's stake sale
- - Read this at SGinvestors.io -
- The idea is to reinvest in its core business in Singapore and Australia. This could include new growth areas such as data-centres, GPU-as-a-service, and ICT opportunities. Core operating growth has shown a very high correlation with SingTel's share price, and could help to narrow the holding company discount, which is still over 25%, to the 10%-15% range.
Room to divest another 5% stake in Bharti Airtel in 3-5 years.
- - Read this at SGinvestors.io -
Maintain BUY with a higher target price.
- Read more at SGinvestors.io.
Above is an excerpt from a report by DBS Group Research.
Clients of DBS may access the full PDF report @ https://www.dbs.com/insightsdirect/.
Sachin MITTAL DBS Group Research | https://www.dbs.com/insightsdirect/ 2025-05-19
Read also DBS's most recent report:
2026-05-26 Singtel Rally Setup - HoldCo Discount and Clear Catalyst.
Previous report by DBS:
2026-03-23 Singtel - Too Narrow Holding Company Discount?.
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
