Singapore Telecommunications (Singtel)

Singtel declares higher dividend; additional $4 billion worth of divestments seen - THE EDGE SINGAPORE

Corporate moves

Singtel declares higher dividend; additional $4 billion worth of divestments seen

Singtel to divest $4 bil worth of assets and see $600 mil in cost savings in the medium term.

Broker's Calls

UOBKH adds SIA Engineering, Singtel, Food Empire, Frencken and Far East Hospitality Trust to November alpha picks

In October, the team’s alpha picks fell by 4.6% m-o-m due to poor investor sentiment although it still outperformed the benchmark.

Company in the news

KakaoBank to acquire 10% stake in Singtel and Grab-backed Superbank

Shares in Singtel closed at $2.38 on Oct 9.

Cybersecurity

Singtel launches one-stop cyber security resilience programme for SMEs

Singtel launches the Cyber Elevate Programme to help improve cyber security resilience in SMEs.

Broker's Calls

Analysts upbeat on Singtel's outlook as it unlocks more value with latest divestment

Analysts are upbeat on Singtel's move to unlock more value and are awaiiting for more to come.

Tech

Singtel subsidiary NCS announces partnerships with Dell, Visa, Google Cloud unit

NCS announced seven partnerships at its inaugural forum on Sept 7.

Broker's Calls

Singtel’s earnings have troughed, analysts keeps 'buy'

Singtel is aiming to build-up its Regional Data Centre platform capacity by four fold in the next three years.
Analysts upbeat on Singtel’s prospects following promising 1QFY2024 results - THE EDGE SINGAPORE

Broker's Calls

Analysts upbeat on Singtel’s prospects following promising 1QFY2024 results

Analysts are pleased with Singtel's 1QFY2024 results, citing robust growth from the group's segments.
Singtel reports 23.1% y-o-y drop in net profit of $483 mil for 1QFY2024 due to net exceptional loss - THE EDGE SINGAPORE

Results

Singtel reports 23.1% y-o-y drop in net profit of $483 mil for 1QFY2024 due to net exceptional loss

The lower earnings were also attributed to a 9% decline in the Australian dollar (AUD).
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