Singtel Retains a Bull on Dividend Guidance Upgrade, Cost-Cutting Plan -- Market Talk

Dow Jones2023-11-10

0406 GMT - Singapore Telecommunications' recent upgrade in its dividend-per-share guidance is among factors that lead RHB's Singapore Research team to retain a buy call on the stock. The upward revision and a higher interim payout of 5.2 Singapore cents are positive and consistent with the narrative on asset recycling and capital management, the team says in a note. Singtel's plan to drive roughly 15% reduction in core costs over next three years also reinforces the low-double digit return-on-invested-capital target in medium-term, the team adds. However, RHB trims the stock's target to S$3.20 from S$3.40 to partly reflect foreign-exchange adjustments. Shares are 2.1% lower at S$2.35. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

November 09, 2023 23:06 ET (04:06 GMT)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2382272056?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2023-11-10 12:06","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2382272056","market":"fut","top_or_hot":-1,"title":"Singtel Retains a Bull on Dividend Guidance Upgrade, Cost-Cutting Plan -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0406 GMT - Singapore Telecommunications' recent upgrade in its dividend-per-share guidance is among factors that lead RHB's Singapore Research team to retain a buy call on the stock. The upward revision and a higher interim payout of 5.2 Singapore cents are positive and consistent with the narrative on asset recycling and capital management, the team says in a note. Singtel's plan to drive roughly 15% reduction in core costs over next three years also reinforces the low-double digit return-on-invested-capital target in medium-term, the team adds. However, RHB trims the stock's target to S$3.20 from S$3.40 to partly reflect foreign-exchange adjustments. Shares are 2.1% lower at S$2.35. (ronnie.harui@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 09, 2023 23:06 ET (04:06 GMT)\n</p>\n<p>\n  Copyright (c) 2023 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Singtel Retains a Bull on Dividend Guidance Upgrade, Cost-Cutting Plan -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSingtel Retains a Bull on Dividend Guidance Upgrade, Cost-Cutting Plan -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-11-10 12:06 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>0406 GMT - Singapore Telecommunications' recent upgrade in its dividend-per-share guidance is among factors that lead RHB's Singapore Research team to retain a buy call on the stock. The upward ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SGAPY","symbol_name":"Singapore Telecommunications Ltd.","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2382272056","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2382272056","pubTimestamp":1699589160,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0406 GMT - Singapore Telecommunications' recent upgrade in its dividend-per-share guidance is among factors that lead RHB's Singapore Research team to retain a buy call on the stock. The upward revision and a higher interim payout of 5.2 Singapore cents are positive and consistent with the narrative on asset recycling and capital management, the team says in a note. Singtel's plan to drive roughly 15% reduction in core costs over next three years also reinforces the low-double digit return-on-invested-capital target in medium-term, the team adds. However, RHB trims the stock's target to S$3.20 from S$3.40 to partly reflect foreign-exchange adjustments. Shares are 2.1% lower at S$2.35. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"SGAPY":"Singapore Telecommunications Ltd.","BK4115":"综合电信业务","Z74.SI":"新电信"},"translate_title":"新加坡电信保持股息指导升级、成本削减计划的牛市——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"Z74.SI":1,"SGAPY":0.9},"content_text":"0406 GMT - Singapore Telecommunications' recent upgrade in its dividend-per-share guidance is among factors that lead RHB's Singapore Research team to retain a buy call on the stock. The upward revision and a higher interim payout of 5.2 Singapore cents are positive and consistent with the narrative on asset recycling and capital management, the team says in a note. Singtel's plan to drive roughly 15% reduction in core costs over next three years also reinforces the low-double digit return-on-invested-capital target in medium-term, the team adds. However, RHB trims the stock's target to S$3.20 from S$3.40 to partly reflect foreign-exchange adjustments. Shares are 2.1% lower at S$2.35. (ronnie.harui@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 09, 2023 23:06 ET (04:06 GMT)\n\n\n  Copyright (c) 2023 Dow Jones & Company, Inc.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":2,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2382272056"}