In 3QFY2025, the analysts estimate that Singtel’s ebit rose by 10% y-o-y but remained flat q-o-q to $356 million. “Ongoing cost optimisation efforts likely translated to meaningful margin expansion for Optus and key Singapore business units, while partially offset by higher spectrum amortisation expenses,” the analysts write in their note dated Feb 4.
CGS International analysts Kenneth Tan and Lim Siew Khee have kept their “buy” call for Singapore Telecommunications (SGX:Z74
) (Singtel) with an unchanged target price of $3.70, ahead of the telco’s results for the 3QFY2025 ended Dec 31, 2024.
The analysts expect the telco’s 3QFY2025 core net profit to be at $660 million, 18% higher y-o-y and 12% up q-o-q. The increase in quarterly net profit is mainly attributed to growth in ebit and associate profit and despite foreign exchange (forex) headwinds from a stronger Singapore dollar (SGD).
