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)
Copyright (c) 2025 Dow Jones & Company, Inc.
Comments