“Our fair value for the company’s core business is 81 cents per share (previously 77 cents), from higher core profit due to the potential sale of Amobee and Trustwave,” he writes.
DBS Group Research analyst Sachin Mittal is keeping his “buy” call on Singapore Telecommunications (Singtel) on the potential sale of Amobee and Trustwave as it could mean an upward earnings revision after a long time.
Mittal has also upped his target price to $3.24 from $3.20 previously.
