Trustwave

With the sale Singtel's earnings can improve by around $120 million, estimates DBS

Singtel acquired Trustwave in 2015 for US$810 million.

DBS's TP is now at $3.24 with a bull case TP of $4 while UOBKH has kept its TP unchanged at $2.90.

The sale comes as part of Singtel’s strategic review of its digital businesses, which was announced in May.

MKE believes that this stock is undervalued and is worth a 'buy'.

Incumbent Art Wong will be stepping down as CEO after leading the company since 2018.

SINGAPORE (Oct 10): Singtel’s wholly-owned subsidiary Optus Cyber Security has signed an agreement to fully acquire Hivint, an award-winning cyber security consulting company in Australia, for A$23.3 million ($23 million) to enhance the group’s cyber

SINGAPORE (Sept 18): Trustwave, the cybersecurity arm of Singtel, on Tuesday unveiled new and enhanced global capabilities in identifying and eliminating cyber threats for its managed security services in the Asia Pacific.

SINGAPORE (March 31): OCBC Investment Research is reiterating its “buy” recommendation on Singtel at a fair value of $4.25 given its long-term growth prospects as well as resilient earnings on the back of its diversified portfolio of businesses.