Chua believes Singtel is well-poised to benefit several trends including data analytics, internet of things (IoT) and digital security – through the group’s exposure from its cyber security unit, Trustwave; digital marketing entity, Amobee; and advanced analytics and intelligence unit, DataSpark.
SINGAPORE (March 31): OCBC Investment Research is reiterating its “buy” recommendation on Singtel at a fair value of $4.25 given its long-term growth prospects as well as resilient earnings on the back of its diversified portfolio of businesses.
“We remain positive over Singtel’s growing exposure to high growth areas – cyber security, digital marketing and data analytics,” elaborates lead analyst Eugene Chua in a report on Friday.
