Risks from a resurgence in Covid-19 cases and a possible tightening of measures both locally and abroad has not derailed RHB Group Research’s optimism on Singapore’s equity market. “For 4Q2021, market outlook will continue to depend on how well stocks and sectors can con- tend with the current...

Analysts at CGS-CIMB remain “overweight” on the Singapore telco sector as the earnings risk from more intense mobile competition due to TPG’s entry have been priced in. In an Oct 8 report, analysts Foong Choong Chen, Ong Khang Chuen and Andrea Choong say the mobile segment is expected to be mo...

PhillipCapital’s head of research Paul Chew has kept his Straits Times Index (STI) target unchanged at 3,400 points for the FY2021. In a Singapore strategy report dated Oct 8, Chew says he remains positive on the re-opening trade. “Covid-19 is now a pandemic for the unvaccinated. Vaccinations gl...

US tech stocks are taking a breather, and given how the sector is still trading at record levels, there is a growing chorus that valuations are stretched and that a significant correction is due. Hou Wey Fook, DBS’s chief investment officer, does not buy that argument. Rather, he sees that current...

Singapore Telecommunications (Singtel) is joining the wave of telcos divesting their infrastructure assets, as the company embarks on its “strategic reset” to reverse lacklustre earnings in recent years. On Oct 1, Singtel announced plans to sell a 70% stake in Australia Tower Network (ATN), whic...

RHB Group Research analyst Shekhar Jaiswal believes there are opportunities to accumulate stocks as the Singapore market awaits clarity on the Covid-19 situation. This comes after the Straits Times Index (STI) recorded a “weak” 3Q2021 performance, declining 1.2% on a q-o-q basis. Jaiswal anticip...

UOB Kay Hian has added Ascott Residence Trust (ART), Singapore Telecommunications (Singtel) and Wilmar International to its alpha picks portfolio on Oct 5. “[We added] ART as a play on the European Union (EU) and UK’s Covid-19 recovery; Singtel as we like its Australian tower asset monetisation ...

Analysts from RHB Group Research and CGS-CIMB Research are upbeat on Singapore Telecommunication’s (Singtel) recently announced divestment of a 70% stake in Australia Tower Network (ATN), a subsidiary of Optus, for A$1.9 billion ($1.86 billion). See: Singtel divests 70% stake in Australia Tower Ne...

RHB, UOB Kay Hian (UOBKH) and CGS-CIMB view Singtel's recent proposed divestment of a 70 per cent stake in Australia Tower Network (ATN), as well as its plans to build a regional data centre business, as beneficial developments to the telco.

SINGTEL on Friday announced a conditional agreement to sell a 70 per cent stake in Australia Tower Network (ATN), which operates telecommunications towers for Singtel's Australian telco subsidiary Optus, for A$1.9 billion (S$1.46 billion) in cash.