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Speed bumps ahead for Singtel but analysts still recommend a 'buy'

PC Lee
PC Lee • 4 min read
Speed bumps ahead for Singtel but analysts still recommend a 'buy'
SINGAPORE (May 17): Phillip Capital is maintaining Singtel at “accumulate” with higher $3.31 target as the telco carries out digitalisation of its business to optimise costs further.
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SINGAPORE (May 17): Phillip Capital is maintaining Singtel at “accumulate” with higher $3.31 target as the telco carries out digitalisation of its business to optimise costs further.

As part of this strategy, Singtel has invested in self-service channels to help reduce customer acquisition costs.

An example is the launch of Gomo, a pure digital product with no physical stores and call centre support which resulted in 32,000 post-paid subscriber growth q-o-q.

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