Singtel Set to Gain From Data-Center Investments -- Market Talk

Dow Jones07-16

0544 GMT - Singapore Telecommunications stands to gain from its investments in data centers, OCBC Investment Research says in a note. Singtel's recent two data-center deals align with the company's new strategic plan to drive growth, and the telecom conglomerate is likely to benefit from robust data demand in the region, the research team says. Singtel's growth strategy, dubbed Singtel28, is aimed at improving business performance via initiatives such as cost optimization, and the company has identified a pipeline of around S$6 billion in monetizable assets to fund growth initiatives and dividend payments, the team adds. OCBC raises the stock's fair-value estimate to S$3.50 from S$3.04, with an unchanged buy rating. Shares are 0.7% higher at S$3.03. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

July 16, 2024 01:44 ET (05:44 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/2451937938?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-07-16 13:44","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2451937938","market":"sh","top_or_hot":-1,"title":"Singtel Set to Gain From Data-Center Investments -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0544 GMT - Singapore Telecommunications stands to gain from its investments in data centers, OCBC Investment Research says in a note. Singtel's recent two data-center deals align with the company's new strategic plan to drive growth, and the telecom conglomerate is likely to benefit from robust data demand in the region, the research team says. Singtel's growth strategy, dubbed Singtel28, is aimed at improving business performance via initiatives such as cost optimization, and the company has identified a pipeline of around S$6 billion in monetizable assets to fund growth initiatives and dividend payments, the team adds. OCBC raises the stock's fair-value estimate to S$3.50 from S$3.04, with an unchanged buy rating. Shares are 0.7% higher at S$3.03. (ronnie.harui@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 16, 2024 01:44 ET (05:44 GMT)\n</p>\n<p>\n  Copyright (c) 2024 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 Set to Gain From Data-Center Investments -- 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 Set to Gain From Data-Center Investments -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-07-16 13:44 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>0544 GMT - Singapore Telecommunications stands to gain from its investments in data centers, OCBC Investment Research says in a note. Singtel's recent two data-center deals align with the company's ...</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":"SGXZ43160589.SGD","symbol_name":"UNITED SG DYNAMIC INCOME FUND \"A\" (SGD) ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2451937938","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2451937938","pubTimestamp":1721108640,"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":"0544 GMT - Singapore Telecommunications stands to gain from its investments in data centers, OCBC Investment Research says in a note. Singtel's recent two data-center deals align with the company's new strategic plan to drive growth, and the telecom conglomerate is likely to benefit from robust data demand in the region, the research team says. Singtel's growth strategy, dubbed Singtel28, is aimed at improving business performance via initiatives such as cost optimization, and the company has identified a pipeline of around S$6 billion in monetizable assets to fund growth initiatives and dividend payments, the team adds. OCBC raises the stock's fair-value estimate to S$3.50 from S$3.04, with an unchanged buy rating. Shares are 0.7% higher at S$3.03. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"SGXZ43160589.SGD":"UNITED SG DYNAMIC INCOME FUND \"A\" (SGD) ACC","LU1981816686.USD":"EASTSPRING INV ASIAN MULTI FACTOR EQUITY \"A\" (USD) ACC","SG9999000459.SGD":"Aberdeen Standard Pacific Equity SGD","LU1242518931.SGD":"Fullerton Lux Funds - Asia Absolute Alpha A Acc SGD","LU0738912210.USD":"Blackrock Asia Pacific Equity Income A6 USD","SG9999002414.USD":"LIONGLOBAL SINGAPORE TRUST (USD) ACC","SGXZ24219693.SGD":"UNITED SG DYNAMIC INCOME FUND \"A\" (SGD) INC","LU0821914370.USD":"贝莱德亚洲成长领袖A2","LU1206712785.SGD":"Aviva Investors - Multi-Strategy Target Return Ah SGD","LU0979878070.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"A\" (USD) ACC","LU0181495838.USD":"施罗德新兴亚洲A Acc","LU0516423174.USD":"FULLERTON LUX FUNDS - ASIA FOCUS EQUITIES \"I\" (USD) ACC","LU0532188223.SGD":"JPMorgan Funds - ASEAN Equity A (acc) SGD","IE00B0169L03.USD":"FSSA ASIA FOCUS FUND \"I\" (USD) ACC","SG9999016042.SGD":"Schroder Singapore Trust A Acc SGD","Z74.SI":"新电信","SG9999003826.SGD":"日兴资管新加坡股息基金 SGD","IE0031814969.USD":"FSSA ASEAN ALL CAP FUND \"I\" (USD) ACC","BK4115":"综合电信业务","LU1206713676.USD":"Aviva Investors - Multi-Strategy Target Return Ah USD","LU0873338254.USD":"FULLERTON LUX FUNDS - ASIA GROWTH & INCOME EQUITIE \"I\" (USD) INC","SGAPY":"Singapore Telecommunications Ltd.","SGXZ58947870.SGD":"LIONGLOBAL SINGAPORE DIVIDEND EQUITY (SGDHDG) INC","LU0516423091.SGD":"FULLERTON LUX FUNDS - ASIA FOCUS EQUITIES \"I\" (SGD) ACC","LU1048588211.SGD":"Blackrock Asian Dragon A2 SGD-H","LU0577902371.SGD":"FULLERTON LUX FUNDS - ASIA GROWTH & INCOME EQUITIE \"I\" (SGD) ACC","LU0072462343.USD":"贝莱德亚洲巨龙基金","BK6112":"综合性银行","SG9999004360.SGD":"Nikko AM Shenton Thrift Fund SGD","LU0516422366.SGD":"Fullerton Lux Funds - Asia Focus Equities A Acc SGD","LU0228367735.SGD":"Eastspring Investments - Asian Equity Fund AS SGD","SG9999000327.SGD":"Schroder Asian Growth A Dis SGD","LU0516422952.EUR":"FULLERTON LUX FUNDS - ASIA FOCUS EQUITIES \"I\" (EUR) ACC","SG9999013460.SGD":"LionGlobal Singapore Dividend Equity Fund SGD","IE00B067MR52.USD":"FSSA ASIAN EQUITY PLUS \"I\" (USD) ACC","SG9999008742.SGD":"Eastspring Investments Unit Trusts - Singapore ASEAN Equity SGD","SG9999000343.SGD":"Schroder Singapore Trust A Dis SGD","SG9999013478.USD":"利安新加坡股息基金","SG9999006266.SGD":"MANULIFE SINGAPORE EQUITY \"A\" (SGD) ACC","BK6516":"银行与投资服务概念","BK6523":"ESG概念","SG9999001689.USD":"施罗德亚洲成长股票","LU1242518857.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"I\" (USD) ACC","IE0008368411.USD":"FSSA ASIAN GROWTH \"I\" (USD) ACC","IE00B97KM107.HKD":"FSSA ASIAN EQUITY PLUS \"I\" (HKD) ACC","SG9999014302.SGD":"RHB Singapore Income Fund SGD","LU1634259391.SGD":"Eastspring Investments - Asian Low Volatility Equity Fund AS SGD","SG9999000475.SGD":"Aberdeen Standard Singapore Equity SGD","LU0414403682.SGD":"Blackrock Asia Pacific Equity Income A5 SGD-H"},"translate_title":"新加坡电信将从数据中心投资中获益——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"Z74.SI":1,"SGAPY":0.9},"content_text":"0544 GMT - Singapore Telecommunications stands to gain from its investments in data centers, OCBC Investment Research says in a note. Singtel's recent two data-center deals align with the company's new strategic plan to drive growth, and the telecom conglomerate is likely to benefit from robust data demand in the region, the research team says. Singtel's growth strategy, dubbed Singtel28, is aimed at improving business performance via initiatives such as cost optimization, and the company has identified a pipeline of around S$6 billion in monetizable assets to fund growth initiatives and dividend payments, the team adds. OCBC raises the stock's fair-value estimate to S$3.50 from S$3.04, with an unchanged buy rating. Shares are 0.7% higher at S$3.03. (ronnie.harui@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  July 16, 2024 01:44 ET (05:44 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"Business Data","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"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":"4.29.2","shortVersion":"4.29.2","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/2451937938"}