DBS analyst Sachin Mittal is maintaining his “buy” call at a target price of $5.71. He argues that the results reinforce his view that Singtel’s core business are due for a re-rating from 5 times to 7 times Ev/Ebitda as execution improves and the holding company discount narrows.
DBS Group Research, Bank of America (BofA) Securities and UOB Kay Hian are keeping their bullish calls on Singapore Telecommunications (Singtel) after the telco’s 3QFY2026 results came in ahead of expectations, supported by resilient performance at Optus and stronger contributions from regional associates.
Singtel reported underlying net profit of $744 million for 3QFY2026 ended December 2025, up 14% year-over-year (y-o-y) and 11% quarter-over-quarter (q-o-q), broadly in line with consensus of $741 million. For the nine months ended December, underlying net profit rose 12% y-o-y to $2.1 billion.
