Singtel FY26 - RHB Research 2026-05-22: AI Cloud Strapline, ROIC Hits 11.1%; Keep BUY

• Singtel (SGX:Z74)’s FY26 results were in line with ROIC moving into the double-digit territory and Singtel's dividends reaching a record high.

• - Read this at SGinvestors.io -

In line; variable realisation dividend (VRD) of 5.1 cents.

• 4QFY26 core net profit of S$671m (-10% q-o-q/+11.8% y-o-y) brought the full-year figure to S$2.77bn (+12%/constant currency: 16.1%), at 97% of our forecast (consensus: 96%).

• FY26 core EBIT growth of 8.9% (constant currency:+9.7%) was consistent with management’s guidance and our forecast, with Optus and NCS EBIT growth offsetting weaker Singapore EBIT.

• - Read this at SGinvestors.io -

Optus and NCS strength offset expectedly weaker Singapore showing; associates outperformance.

• 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/.

Previous report by RHB:
2026-02-13 Singtel - 9MFY26 Tracking In Line; Keep BUY.

Price targets by 3 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