- We continue to like Singtel for its capital management prospects and ROIC expansion. Singtel is also a beneficiary of the domestic market consolidation via lower competitive intensity.
- - Read this at SGinvestors.io -
1QFY26 In line.
- Singtel's 1QFY26 core earnings of S$686m (+15% q-o-q, +14% y-o-y) – the highest for a single quarter in over five years – made up 25% of our and consensus estimates. This came from stronger EBIT, led by Optus and NCS (+10% y-o-y) and regional associates (+15.4% y-o-y), specifically Airtel and Advanced Info Service (AIS).
- - Read this at SGinvestors.io -
- Although Singtel did not disclose actual cost savings, management noted it is on track to meet the FY26F S$0.2bn cost-saving target (FY25 cumulative savings achieved was S$400m, at 66% of cumulative S$600m target for FY24-26).
Optus continues to excel; weaker roaming hits Singapore mobile revenue.
- Read more at SGinvestors.io.
