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SingTel still CIMB’s ‘preferred’ local telco though 'slightly under pressure' in FY17

Broker's Calls

SingTel still CIMB’s ‘preferred’ local telco though 'slightly under pressure' in FY17

Jude Chan Published on Tue, Jun 21, 2016 / 4:46 PM GMT+8

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SINGAPORE (June 21): CIMB is keeping Singapore Telecommunications (SingTel) at “add” with an unchanged target price of $4.50, despite only expecting the telco to see growth in FY18-19.

CIMB analyst Foong Choong Chen said in a Monday report that SingTel is still CIMB’s “preferred pick” for Singapore telcos.

SingTel is expected to see better medium-term earnings growth outlook compared to its competitors, and is also likely to suffer the least impact from the potential entry of a fourth mobile network operator.

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SingTel still CIMB’s ‘preferred’ local telco though 'slightly under pressure' in FY17

Broker's Calls

SingTel still CIMB’s ‘preferred’ local telco though 'slightly under pressure' in FY17

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SingTel still CIMB’s ‘preferred’ local telco though 'slightly under pressure' in FY17

Broker's Calls

SingTel still CIMB’s ‘preferred’ local telco though 'slightly under pressure' in FY17

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