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Singtel (SGX:Z74)'s wholly-owned subsidiary, Singtel Global Investment, has launched a block trade of up to 416mil Gulf Development (GULF TB) shares (~2.78% of its share capital) at an indicative price range of Bt58.80-60.00, implying a discount of 2-4% to Monday's closing price of Bt61.25.
Singtel to unlock up to S$1.0bn via stake sale in Gulf Development.
- - Read this at SGinvestors.io -
- - Read this at SGinvestors.io -
Proceeds to be partly used for funding growth capex...
- Read more at SGinvestors.io.
Above is an excerpt from a report by DBS Group Research.
Clients of DBS may access the full PDF report @ https://www.dbs.com/insightsdirect/.
Sachin Mittal DBS Group Research | https://www.dbs.com/insightsdirect/ 2026-06-23
Previous report by DBS:
2026-05-26 Singtel Rally Setup - HoldCo Discount and Clear Catalyst.
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
