Telkomsel

Singtel's improved dividend policy is a 'positive surprise', says DBS

'With multiple catalysts on the horizon, we find the 44% holding company discount as unjustified'

Singtel's ownership in Telkomsel becomes 30.1% following the completion of the IndiHome integration process.

Singtel has traded share in Telkomsel for a bigger addressable market

Singtel will hold a 30.1% stake in the enlarged entity, down from 35% it now holds in Telkomsel alone

Analysts are remaining positive on Singapore Telecommunications (Singtel) despite the company’s results announcement yesterday, which recorded its lowest final year earnings since 1993 and a slash in dividends.

While DBS analyst Sachin Mittal expects Singtel to post a 26% year-on-year decline in 4QFY2020 earnings to $518 million, he says an ‘attractive’ dividend yield of 5.6% is in store for investors.

SINGAPORE (Mar 11): GIC, Singapore’s sovereign wealth fund, is making a concerted effort to help Singapore Telecommunications (Singtel), the largest government-linked company, maintain the city state’s hold on India’s Bharti Airtel, which is tapping

SINGAPORE (Aug 8): Singtel posted 1Q19 earnings of $831.5 million, down 6.6% y-o-y compared to $889.8 million in restated 1Q18 earnings due to weaker results from Airtel and Telkomsel, reduced stake in NetLink NBN Trust, higher withholding taxes and adver

SINGAPORE (July 13): Singapore Telecommunications’ regional associates have given investors some grief of late.