Singapore Telecommunications Set to Benefit From Several Positive Developments -- Market Talk

Dow Jones07-19

0246 GMT - Singapore Telecommunications stands to benefit from several positive developments, RHB Research's Singapore Research team says in a note. These include news related to Singtel's data-center investments in Malaysia and globally, and news of further selling of its shares in associate Bharti Airtel, the team says. RHB sees stronger cost re-scaling and synergies from Singtel's consolidation of the Singapore enterprise business and Optus from 2Q FY 2025 fueling the company's earnings momentum. RHB lifts its FY 2025-2027 earnings forecasts for Singtel by 2%-7% and raises the stock's target price to S$3.50 from S$3.25 with an unchanged buy rating. Shares are unchanged at S$3.06. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

July 18, 2024 22:46 ET (02:46 GMT)

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RHB sees stronger cost re-scaling and synergies from Singtel's consolidation of the Singapore enterprise business and Optus from 2Q FY 2025 fueling the company's earnings momentum. RHB lifts its FY 2025-2027 earnings forecasts for Singtel by 2%-7% and raises the stock's target price to S$3.50 from S$3.25 with an unchanged buy rating. Shares are unchanged at S$3.06. 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These include news related to Singtel's data-center...</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":"LU0414403682.SGD","symbol_name":"Blackrock Asia Pacific Equity Income A5 SGD-H","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2452449139","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2452449139","pubTimestamp":1721357160,"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":"0246 GMT - Singapore Telecommunications stands to benefit from several positive developments, RHB Research's Singapore Research team says in a note. These include news related to Singtel's data-center investments in Malaysia and globally, and news of further selling of its shares in associate Bharti Airtel, the team says. RHB sees stronger cost re-scaling and synergies from Singtel's consolidation of the Singapore enterprise business and Optus from 2Q FY 2025 fueling the company's earnings momentum. RHB lifts its FY 2025-2027 earnings forecasts for Singtel by 2%-7% and raises the stock's target price to S$3.50 from S$3.25 with an unchanged buy rating. Shares are unchanged at S$3.06. 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