- We continue to see progressive news flows on capital recycling and value-accretive acquisitions sustaining Singtel's share price momentum, with the key thesis of ROIC accretion and earnings enhancements from key growth engines still intact.
- - Read this at SGinvestors.io -
Broadly in line; guidance tweaked.
- 1HFY26 core earnings of S$1.35bn (+13.7% y-o-y; +17% on constant currency) formed 48% our and Street forecasts – on solid EBIT growth at Optus (+27%) and NCS (+41%), and associates share (+18%), specifically Aircel (+71% pre-tax). 1HFY26 core EBIT growth of 13% (+14% on constant currency) is tracking ahead of Singtel’s prior guidance of high single-digit growth. This is upgraded to “high single-digit and low double-digit growth” with uncertainties from Optus’ triple-zero network incident baked in.
- - Read this at SGinvestors.io -
Optus price-ups; stable Singapore EBIT; solid performance at NCS and Airtel.
- Read more at SGinvestors.io.
