Singtel Still a Buy Call on Some Tailwinds -- Market Talk

Dow Jones09-30

0147 GMT - Singtel is still a buy call on some tailwinds, RHB Research's Singapore Research team says in a note. Its longer-term underlying thesis of return-on-invested-capital improvement, capital management upside, and EBIT growth remain intact, the team says. Although recurring network incidents at subsidiary Optus are expected to weigh on near-term stock sentiment, the sell-down offers a good buying opportunity. Based on management's Monday call with analysts, it seems premature to gauge financial impact and human error was the cause of the incidents, RHB notes. It has a target price of S$4.90 on the shares, which are 1.0% lower at S$4.08. (ronnie.harui@wsj.com)

 

(END) Dow Jones Newswires

September 29, 2025 21:47 ET (01:47 GMT)

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