Optus Revenue, Margin Gains to Boost Singtel -- Market Talk

Dow Jones09-04

0301 GMT - Singtel is likely to be boosted by revenue and margin gains at Australian subsidiary Optus, Citi analyst Arthur Pineda says in a note. Optus is a potential growth driver for the Singapore telecommunications company, he says, adding that the unit is streamlining operations and targeting a mid-30s-percent Ebitda margin in the long term, from 27% currently. He also revises the estimated Singapore cost of capital given a decline in domestic interest rates, boosting asset values. Citi cuts its FY 2026 earnings forecast thanks to softer contribution from Indonesia unit Telkomsel, but raises its FY 2028 projection due to Optus's likely better margins. Citi raises its target to S$4.92 from S$4.46 and maintains a buy rating on Singtel, which gains 0.7% to S$4.39. (megan.cheah@wsj.com)

(END) Dow Jones Newswires

September 03, 2025 23:01 ET (03:01 GMT)

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Citi cuts its FY 2026 earnings forecast thanks to softer contribution from Indonesia unit Telkomsel, but raises its FY 2028 projection due to Optus's likely better margins. Citi raises its target to S$4.92 from S$4.46 and maintains a buy rating on Singtel, which gains 0.7% to S$4.39. 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