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Singtel sold a 2.8% stake in Thai-listed Gulf Development for ~S$1b, executed close to THB60 per share, a ~5% discount to Gulf’s 1-month trading average. We understand there are no tax implications from the transaction.
Gulf stake sale strengthens capital-return visibility
- - Read this at SGinvestors.io -
- - Read this at SGinvestors.io -
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Maintain BUY.
More value-unlocking levers remain
- 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/.
Hussaini Saifee Maybank Research | https://www.maybanktrade.com.sg/ 2026-06-24
Previous report by Maybank:
2026-05-22 Singtel - Building An AI Growth Engine While Sustaining Capital Returns.
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
