Singtel Likely to Post 1Q Underlying Profit Growth -- Market Talk

Dow Jones2024-08-09

0908 GMT - Singtel is likely to post underlying profit growth for 1Q FY 2025, Hussaini Saifee of Maybank Research writes in a note. Revenue was likely helped by firm mobile revenue growth but counterbalanced by enterprise softness and forex weakness, Saifee writes. There is an ongoing turnaround at Australia business Optus, while key associates AIS and Globe have already reported core profit growth for the latest quarter's earnings, Saifee notes. There is potential of Singtel paying about 9.0 Singapore cents in dividends over the next six months, translating to about 5% annualized yield, Saifee adds. Maybank keeps its buy rating on the stock with a target price of S$3.40. Singapore markets are closed for a holiday. (kimberley.kao@wsj.com)

(END) Dow Jones Newswires

August 09, 2024 05:08 ET (09:08 GMT)

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There is potential of Singtel paying about 9.0 Singapore cents in dividends over the next six months, translating to about 5% annualized yield, Saifee adds. Maybank keeps its buy rating on the stock with a target price of S$3.40. Singapore markets are closed for a holiday. (kimberley.kao@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  August 09, 2024 05:08 ET (09:08 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 Likely to Post 1Q Underlying Profit Growth -- 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 Likely to Post 1Q Underlying Profit Growth -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-08-09 17:08 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>0908 GMT - Singtel is likely to post underlying profit growth for 1Q FY 2025, Hussaini Saifee of Maybank Research writes in a note. Revenue was likely helped by firm mobile revenue growth but ...</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":"SG9999002679.SGD","symbol_name":"LionGlobal Singapore Balanced SGD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2458559186","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2458559186","pubTimestamp":1723194480,"columns":[],"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":"0908 GMT - Singtel is likely to post underlying profit growth for 1Q FY 2025, Hussaini Saifee of Maybank Research writes in a note. Revenue was likely helped by firm mobile revenue growth but counterbalanced by enterprise softness and forex weakness, Saifee writes. There is an ongoing turnaround at Australia business Optus, while key associates AIS and Globe have already reported core profit growth for the latest quarter's earnings, Saifee notes. There is potential of Singtel paying about 9.0 Singapore cents in dividends over the next six months, translating to about 5% annualized yield, Saifee adds. Maybank keeps its buy rating on the stock with a target price of S$3.40. Singapore markets are closed for a holiday. 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Revenue was likely helped by firm mobile revenue growth but counterbalanced by enterprise softness and forex weakness, Saifee writes. There is an ongoing turnaround at Australia business Optus, while key associates AIS and Globe have already reported core profit growth for the latest quarter's earnings, Saifee notes. There is potential of Singtel paying about 9.0 Singapore cents in dividends over the next six months, translating to about 5% annualized yield, Saifee adds. Maybank keeps its buy rating on the stock with a target price of S$3.40. Singapore markets are closed for a holiday. 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