- Singtel (SGX:Z74)’s 9MFY26 results met expectations, with core EBIT growth of 10%, supported by Optus and NCS, and the continuing strong associates showing. The stock’s core investment thesis of ROIC accretion, capital recycling, and positive earnings delivery remain intact.
Within expectations.
- - Read this at SGinvestors.io -
- Meanwhile, share of associates rose 17%, driven by Airtel (+49.9% pre-tax) and Advanced Info Service (ADVANC TB) (+47%).
Singapore operations hit by stronger competition; continued price uplifts at Optus.
- - Read this at SGinvestors.io -
- The continued price uplifts also saw Optus’ mobile service revenue up 3% y-o-y in 3QFY26 (9MFY26: +4.2%).
- Digital Infraco EBIT grew 12% on stable revenue, with higher demand from Nxera’s customers and lower expenses.
Near S$6bn in recycled capital to date (more to come).
- 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/ 2026-02-13
Read also RHB's most recent report:
2026-05-22 Singtel FY26 - AI Cloud Strapline, ROIC Hits 11.1%; 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
