India, Australia Markets to Be Key Growth Drivers for Singtel -- Market Talk

Dow Jones09-02

0902 GMT - India and Australia will be key growth markets for Singtel, the DBS Group Research team writes in a note. Its Australia business, Optus, will benefit in fiscal 2025 from cost reductions and narrowed losses in its enterprise business, as well as its recent tariff hike with about 65% of customers on revised plans, the team says. Its associate Bharti Airtel in India will meanwhile also benefit from further tariff hikes. At its investor day, Singtel mentioned that there is room for share buybacks and capital reductions, which could serve as additional shareholder returns on top of regular dividends, they add. As such, DBS retains a buy rating with a target price of S$3.50 on the stock. Shares are 0.3% lower at S$3.12. (kimberley.kao@wsj.com)

(END) Dow Jones Newswires

September 02, 2024 05:02 ET (09:02 GMT)

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At its investor day, Singtel mentioned that there is room for share buybacks and capital reductions, which could serve as additional shareholder returns on top of regular dividends, they add. As such, DBS retains a buy rating with a target price of S$3.50 on the stock. Shares are 0.3% lower at S$3.12. (kimberley.kao@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  September 02, 2024 05:02 ET (09:02 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>India, Australia Markets to Be Key Growth Drivers for Singtel -- 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\">\nIndia, Australia Markets to Be Key Growth Drivers for Singtel -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-09-02 17:02 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>0902 GMT - India and Australia will be key growth markets for Singtel, the DBS Group Research team writes in a note. Its Australia business, Optus, will benefit in fiscal 2025 from cost reductions and...</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":"SG9999002406.SGD","symbol_name":"利安新加坡信托基金","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2464885643","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2464885643","pubTimestamp":1725267720,"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":"0902 GMT - India and Australia will be key growth markets for Singtel, the DBS Group Research team writes in a note. Its Australia business, Optus, will benefit in fiscal 2025 from cost reductions and narrowed losses in its enterprise business, as well as its recent tariff hike with about 65% of customers on revised plans, the team says. Its associate Bharti Airtel in India will meanwhile also benefit from further tariff hikes. At its investor day, Singtel mentioned that there is room for share buybacks and capital reductions, which could serve as additional shareholder returns on top of regular dividends, they add. As such, DBS retains a buy rating with a target price of S$3.50 on the stock. Shares are 0.3% lower at S$3.12. 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Its Australia business, Optus, will benefit in fiscal 2025 from cost reductions and narrowed losses in its enterprise business, as well as its recent tariff hike with about 65% of customers on revised plans, the team says. Its associate Bharti Airtel in India will meanwhile also benefit from further tariff hikes. At its investor day, Singtel mentioned that there is room for share buybacks and capital reductions, which could serve as additional shareholder returns on top of regular dividends, they add. As such, DBS retains a buy rating with a target price of S$3.50 on the stock. Shares are 0.3% lower at S$3.12. 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