Singtel - Maybank Research 2026-05-22: Building An AI Growth Engine While Sustaining Capital Returns

• Singtel's share price corrected by more than 6% following its FY26 results, on concerns of higher-than-expected FY27 capex guidance and softer-than expected low-to-high single digit EBIT growth guidance.

Leveraged to AI growth across several fronts

• - Read this at SGinvestors.io -
• - Read this at SGinvestors.io -

• Separately, Singtel’s leadership in connectivity infrastructure, 5G slicing and edge networks positions it well for emerging physical AI applications including AVs, robotics and smart infrastructure.

• Overall, we estimate AI/DC-linked businesses could contribute around 15% of group EBITDA by FY29

Well-supported path for continued capital returns

• 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/.

Previous report by Maybank:
2026-04-13 Singtel - Medium-term Catalysts Delayed But Not Derailed.

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