Singtel - Phillip Securities 2026-01-05: Asset Recycling & Higher Mobile Prices

• Mobile price competition remains intense in Singapore. Key share price drivers are mobile price repair in India, Australia, and Thailand. Indonesian mobile prices are gradually improving, as low-priced prepaid SIM cards are subject to a price floor. Other share price drivers include the yet-to-commence S$2bn share buybacks and at least S$3.4bn more of asset recycling (or 20 cents of value realisation dividend per share).

Background

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Investment Merits/Outlook

Recovery in mobile prices.

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Above is an excerpt from a report by Phillip Securities Research.
Clients of Phillip Capital may be the first to access the full PDF report @ https://www.stocksbnb.com/.

Read also Phillip's most recent report:
2026-02-16 Singtel - Earnings Momentum From Associate Spreads.

Previous report by Phillip:
2026-02-05 Singtel - Preparing Growth Post ST28.

Price targets by 4 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