Singtel's Earnings Dragged by Singapore Consumer Segment -- Market Talk

Dow Jones14:31

0631 GMT - Singtel's underlying net profit for the fiscal year ended March slightly fell short of market expectations due to the Singapore business, Citi research analysts write in a note. A weaker-than-expected fiscal 4Q was primarily caused by the sustained structural price competition in the city-state's consumer segment, they say. However, the weakness was largely offset by strong execution in other areas. Contributions from regional associates were strong, growing compared to a year earlier, but were still weighed by foreign exchange headwinds due to the relatively strong Singapore dollar compared with regional currencies, they add. Singtel shares fall 6.4% to S$4.70. (kimberley.kao@wsj.com)

(END) Dow Jones Newswires

May 21, 2026 02:31 ET (06:31 GMT)

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