EdwardHughes
2022-07-26

SingTel (SGX:Z74) is set to deliver a 3-year earnings CAGR (FY22-25F) of 15% vs -12% during the COVID-19 period (FY19-22). This reflects monetisation of 5G in Singapore and Australia, absence of digital losses (from Amobee), double-digit NCS growth and associates benefitting from the economic reopening.

A regional data centre is shaping up as SingTel aims to add another 100MW of capacity in the next 3-5 years to build a data centre portfolio worth S$7b-8b.

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