Advanced Info Service (AIS)

Corporate moves

Singtel’s Thai associate receives approval updates on moves to acquire Thai broadband entities

AIS says material issues will require "careful reconsideration" of whether the proposal to acquire TTT and JASIF will sustain.
Analysts keep 'buy' on Singtel; DBS lifts earnings and TP on upward earnings revision - THE EDGE SINGAPORE

Broker's Calls

Analysts keep 'buy' on Singtel; DBS lifts earnings and TP on upward earnings revision

DBS's TP is now at $3.24 with a bull case TP of $4 while UOBKH has kept its TP unchanged at $2.90.
Singtel subsidiary Intouch receives notice of arbitration from Thailand’s Ministry of Digital Economy and Society - THE EDGE SINGAPORE

Telecommunications

Singtel subsidiary Intouch receives notice of arbitration from Thailand’s Ministry of Digital Economy and Society

Intouch Holdings is a subsidiary of Singapore Telecommunications (Singtel), who acquired a 21% stake in the company in August 2016

Sovereign wealth funds

Temasek sells stakes in Thai telco Intouch for $701 mil

(Aug 15): Units of Singapore's sovereign fund Temasek -- Aspen Holdings and Anderton Investments -- launched an overnight block trade on Wednesday for 15.6 billion baht ($701 million) or 8.02% of its stakes in Thai telco company Intouch Holdings, acco

In print this week

GIC has Singtel's back in Bharti Airtel rights issue

SINGAPORE (Mar 11): GIC, Singapore’s sovereign wealth fund, is making a concerted effort to help Singapore Telecommunications (Singtel), the largest government-linked company, maintain the city state’s hold on India’s Bharti Airtel, which is tapping

Fintech

Singtel, AIS launch cross-border mobile payments alliance

BANGKOK (Oct 2): Singapore Telecommunications (Singtel) today launched its own mobile payment alliance, VIA, as it tries to grow its clout in the highly competitive e-payment industry.

Broker's Calls

Singtel upgraded to 'buy' by RHB on broader market weakness; target price stays at $4.10

SINGAPORE (Feb 8): RHB is upgrading Singtel from "neutral" to "buy" with unchanged target price of $4.10 after its share price hit a 52-week low over the past two weeks on broader market weakness and worries over inflationary expectations

Broker's Calls

Why UOB likes this ‘rock solid’ telco

SINGAPORE (Feb 10): UOB Kay Hian is keeping its “buy” recommendation on Singapore Telecommunications (Singtel) with a target price of $4.53 following a “rock solid” performance in 3Q.

Singtel plays down talk of deal with Temasek for Thaksin-founded Intouch

SINGAPORE (Aug 17): Singapore Telecommunications (Singtel) on Wednesday played down reports that it is in talks to buy a portion of Temasek Holdings’ US$2.4 billion ($3.2 billion) stake in Thailand’s telco giant Intouch Holdings.
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