- We stay positive on Singtel post its recent Investor Day (SID2025). The sustained growth levers (NCS, Optus, Nxera and Airtel) and the firm narrative on shareholder returns (capital recycling) are key investment merits.
- - Read this at SGinvestors.io -
SID2025: Affirming ST28 strategy and more.
- We remain positive on Singtel post-SID2025. Broadly, we note the sustained growth levers (NCS, Optus, Nxera and Airtel) and the firm narrative on “sustainably growing” dividends as key investment merits.
- - Read this at SGinvestors.io -
- Management has affirmed OpCo FY26F EBIT growth of a high single digit (1QFY26: +11% y-o-y) – with Optus, NCS, Digital Infraco/Nxera as core growth drivers, alongside further cost savings (S$0.2bn for FY26F).
Further ROIC accretion for Optus; Singapore (SG) operations stabilising and primed for turnaround by FY28.
- Read more at SGinvestors.io.
Above is an excerpt from a report by RHB Securities Research.
Clients of RHB may be the first to access the full PDF report @ https://www.rhbtradesmart.com/.
Singapore Research RHB Securities Research | https://www.rhbgroup.com/ 2025-09-08
Read also RHB's most recent report:
2026-05-22 Singtel FY26 - AI Cloud Strapline, ROIC Hits 11.1%; Keep BUY.
Previous report by RHB:
2026-02-13 Singtel - 9MFY26 Tracking In Line; Keep BUY.
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
