Singtel - Maybank Research 2025-11-07: Thoughts On 0.8% Airtel Stake Sale & Potential DC Deal

• Singtel (SGX:Z74) has divested 0.8% stake in Bharti Airtel, the 2nd tranche this year and the 4th in the past 4 years. The latest stake was divested for Rs2030/sh, at ~3% discount to the last closing price, raising ~S$1.6b.
• - Read this at SGinvestors.io -

Positive developments; Maintain BUY

• See Singtel's announcement dated 7 November – Singtel disclosed there are on-going discussions with STT GDC, but there’s no certainty of a binding agreement.
• - Read this at SGinvestors.io -
• Maintain BUY on Singtel.

Airtel stake sale: expected, but pace & execution surprised

• 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/.

Read also Maybank's most recent report:
2025-11-14 Singtel - Core Growth Solid; New Engines Emerging – Reiterate Buy.

Price targets by 2 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