Singtel Likely to Gain From AI, Data Center Demand -- Market Talk

Dow Jones07-22

0344 GMT - Telecommunications group Singtel's growth could be spurred by artificial intelligence-related tailwinds, RHB's Singapore Research team says in a note. Singtel's coming data centers have presold more than 50% of their capacity, which is decent, the analysts say. That could be a new growth avenue for its digital-infrastructure division in the mid-to-long term. A new subsea cable could improve the network diversity of its data centers and cater to increased AI demand. Meanwhile, Singtel may pare its Bharti Airtel stake to around 23% from 28.3%, which could net more than S$8 billion. The group could then declare additional "value realization" dividends at the higher end of its 3 Singapore cents to 6 Singapore cents guidance. RHB maintains a buy rating and raises the target price to S$4.70 from S$4.50. Shares are last at S$4.15. (megan.cheah@wsj.com)

(END) Dow Jones Newswires

July 21, 2025 23:44 ET (03:44 GMT)

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A new subsea cable could improve the network diversity of its data centers and cater to increased AI demand. Meanwhile, Singtel may pare its Bharti Airtel stake to around 23% from 28.3%, which could net more than S$8 billion. The group could then declare additional \"value realization\" dividends at the higher end of its 3 Singapore cents to 6 Singapore cents guidance. RHB maintains a buy rating and raises the target price to S$4.70 from S$4.50. Shares are last at S$4.15. 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Singtel's coming data centers have presold more than 50% of their capacity, which is decent, the analysts say. That could be a new growth avenue for its digital-infrastructure division in the mid-to-long term. A new subsea cable could improve the network diversity of its data centers and cater to increased AI demand. Meanwhile, Singtel may pare its Bharti Airtel stake to around 23% from 28.3%, which could net more than S$8 billion. The group could then declare additional \"value realization\" dividends at the higher end of its 3 Singapore cents to 6 Singapore cents guidance. RHB maintains a buy rating and raises the target price to S$4.70 from S$4.50. Shares are last at S$4.15. (megan.cheah@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 21, 2025 23:44 ET (03:44 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0577902611.USD","symbol_name":"FULLERTON LUX FUNDS - ASIA GROWTH & INCOME EQUITIE \"A\" (USD) ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2553445289","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2553445289","pubTimestamp":1753155840,"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":"0344 GMT - Telecommunications group Singtel's growth could be spurred by artificial intelligence-related tailwinds, RHB's Singapore Research team says in a note. 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Singtel's coming data centers have presold more than 50% of their capacity, which is decent, the analysts say. That could be a new growth avenue for its digital-infrastructure division in the mid-to-long term. A new subsea cable could improve the network diversity of its data centers and cater to increased AI demand. Meanwhile, Singtel may pare its Bharti Airtel stake to around 23% from 28.3%, which could net more than S$8 billion. The group could then declare additional \"value realization\" dividends at the higher end of its 3 Singapore cents to 6 Singapore cents guidance. RHB maintains a buy rating and raises the target price to S$4.70 from S$4.50. Shares are last at S$4.15. 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