- Singtel remains confident it can deliver double-digit ROIC in FY26-27. Key drivers are:
- better profitability from its core mobile businesses;
- strong contributions from its regional associates; and
- - Read this at SGinvestors.io -
- Singtel has raised its identifiable capital recycling pot from S$6b to S$9b, which we believe will lead to higher dividends and total shareholder return. In turn, this will help to narrow holding company discount to Singtel's share price.
Enhanced profit profile.
- For FY25, Singtel (SGX:Z74) reported stable overall group revenue (+0.1% y-o-y), higher EBITDA (+5.4% y-o-y) and underlying net profit (+9.3% y-o-y), forming 97%/100%/96% of our full-year forecasts respectively and largely in line with our expectations.
- - Read this at SGinvestors.io -
- Similarly, 4QFY25 revenue (+0.5% y-o-y), EBITDA (+3.1% y-o-y) and underlying net profit (+3.3% y-o-y) were also higher y-o-y.
Optus: Ongoing market repair.
- Read more at SGinvestors.io.
