Singapore Telecommunications (Singtel)

Sector Focus

As US-China tussle over 5G intensifies, dividends of local telcos come under pressure

SINGAPORE (Feb 18): Huawei Technologies Co and the 5G, or fifth-generation, mobile network has been grabbing headlines. US secretary of state Mike Pompeo is reported to have warned European countries that using technology from Huawei could harm their rela

Results

Singtel 3Q net profit falls 14% hurt by regional associates

SINGAPORE (Feb 14): Singapore Telecommunications on Thursday reported a 14% drop in third-quarter net profit, due partly to intense competition in India and the impact of network investments by regional associates, and forecast a small decline in full-yea

Broker's Calls

Singtel kept as top pick for RHB amid 'aggressive' TPG trial launch

SINGAPORE (Jan 14): RHB Research is maintaining its “neutral” stance on Singapore’s telecommunications sector following the launch of an “expectedly aggressive” trial offer by new mobile entrant TPG Telecom.

Investing strategies

Singapore stocks with high yield, low expectations are what Credit Suisse prefers for the year

SINGAPORE (Jan 8): Credit Suisse is recommending Singapore investors stick with a portfolio of quality, high-yield stocks and stocks with low embedded expectations to ride out any volatility in 2019 while positioning for a market recovery.

Broker's Calls

Local telcos kept at 'neutral' by Maybank; prefers NetLink Trust

SINGAPORE (Dec 31): Maybank Kim Eng is keeping a “neutral” rating on the local telco sector as the new year is shaping up to be a trying one for the wireless sector with the upcoming launch of TPG, which teases with unlimited data plans, while StarHub

DBS 2019 stock market outlook

Local telcos may see a positive surprise in 2019: DBS

SINGAPORE (Dec 20): DBS has an “overweight” rating on Singapore’s Telco stocks as TPG’s abysmal capex so far implies room for positive surprise in 2019.

Tech

Singtel’s Optus acquires regional 3.6GHz spectrum for Aussie national 5G mobile network

SINGAPORE (Dec 10): Optus, Singapore Telecommunications’ Australian subsidiary, has successfully acquired new regional licences for its customers in the 3.6GHz spectrum band.

Broker's Calls

Most defensive stock NetLink Trust kept at 'buy' by UOB

SINGAPORE (Nov 23): UOB KayHian is maintaining a “buy” on what it says is the most defensive stock listed on the Singapore Exchange: NetLink NBN Trust.

Singtel TV wins Premier League broadcast rights for another three seasons

SINGAPORE (Nov 22): Singtel TV has won the rights to broadcast Premier League matches for the next three seasons to Singapore fans.

Broker's Calls

Analysts slash Singtel estimates after 2Q earnings disappointment

SINGAPORE (Nov 9): CGS-CIMB Securities and DBS Group Research are maintaining their “buy” calls on Singtel with lower target prices of $3.40 and $3.59 respectively.
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