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Singtel Bullish???
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FATABA
Supreme |
07-Jun-2023 10:12
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When all these analysts are maintaining " buy" ......and yet prices are still dropping or at best not moving .....who is selling LOL  Just that this cold counter has NOT been managed well ....no good restructuring since pandemic, NO major changes to its high cost structure It has not visited $3 still a long long time .  SOME major changes are needed and has to be quick  Dyodd  
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soul9110
Member |
07-Jun-2023 09:32
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Rubbish chips..stupid.. | ||||
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pursuer76
Senior |
05-Jun-2023 11:39
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No bad news reported and got sold down? | ||||
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Entropy72
Master |
30-May-2023 20:47
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Singtel has continued to buy about 1000 lots each day for the past few days.
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Joelton
Supreme |
30-May-2023 10:03
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Analysts maintain ' buy' on Singtel following positive FY2023 results
 
Analysts from Maybank Securities and RHB Bank Singapore maintain their &ldquo buy&rdquo calls for Singapore Telecommunications (Singtel) Z74 0.4% , even though the telco missed consensus expectations for the FY2023 ended in March, which they attribute to foreign exchange depreciation in the region.
 
Singtel reported a set of positive results for FY2023, where earnings were up 14% to $2.23 billion, compared to $1.95 billion a year ago, due to the strong performance of its core businesses, underpinned by robust mobile growth and price increases as international travel and roaming recovered, and 5G adoption and demand for information and communications technology (ICT) services rose.
 
Analyst Kelvin Tan from Maybank says that on a constant currency basis, profit after taxation and minority interests (patmi) would be in line with estimates. Tan has therefore kept his &ldquo buy&rdquo call with an unchanged target price of $3.10, while rolling forward the telco&rsquo s valuations to FY2024.
 
Similarly, analysts from RHB note that the key deviation from consensus earnings for Singtel was due to a weaker Australian dollar, which fell 6% ytd. However, they note that Singtel has had its highest dividend per share (DPS) payout since FY2019, and have since raised their target price from $3.30 to $3.40, representing a 34% upside and 4% FY2024 yield.
 
RHB analysts say that Singtel has a &ldquo good operational showing&rdquo with a return on invested capital (ROIC) at 8.3%.
 
Although group revenue and ebitda fell by a marginal 5% and 2.2% ytd, a stronger ebitda margin of 25.2% was achieved, largely on account of tight cost controls.
RHB analysts note that the positive offsets were from associate contributions (+6.1% ytd) on Airtel&rsquo s outperformance and lower depreciation expense.
 
&ldquo A final DPS of 5.3 cents (FY22: 4.8 cents) puts full-year DPS at 14.9 cents (including special DPS of 5 cents), the highest since FY2019 with ordinary DPS of 9.9 cents at the top-end of its 60-80% payout, ahead of our and market expectations,&rdquo they say.
 
Likewise, Tan from Maybank Securities says that historical data shows that ROIC has a positive correlation with Singtel&rsquo s share price, and as the telco continues to commit to lifting ROIC toa low double-digit within two to three years while improving core profitability and narrowing holding company discount, he believes the share price should react positively.
 
Tan &ldquo continues to be encouraged by Singtel&rsquo s focus on reinvigorating its core business while capitalising on growth trends&rdquo , noting plans to scale regional data centres, expanding its footprint and digital banking products for GXS bank, and scaling up NCS, the telco&rsquo s digital ICT arm, to deliver sustainable dividends (+60% y-o-y) for shareholders.
 
Meanwhile, RHB analysts note that Singtel&rsquo s roaming demand has come back. Singapore consumer revenue grew 5% y-o-y in 2HFY2023, an additional 11.2% ytd, while ebitda gained 15%. Mobile services revenue jumped 12% supported by a further recovery in roaming revenue and higher migrant traffic which bolstered prepaid sales and a stronger 5G adoption.
 
They also note that Singtel&rsquo s asset recycling has resulted in more than $6 billion, and see scope for more cash to be returned as management has set targets for additional $6 billion from further asset divestments.
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investshare
Supreme |
28-May-2023 22:23
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How much is the digi bank portion? | ||||
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bamboo300306
Senior |
28-May-2023 15:27
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Singtel need to breakup its core business units 1) Telco, 2) Data 3) Digibanking via IPO 4) Digital solution (AI) In doing so, the dedicate management team can run each units more efficiently and create value for the share holders. Guess the origination is too diverse and huge, thus management is slow to embrace change | ||||
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Entropy72
Master |
27-May-2023 13:36
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Singtel bought 970 lots between $2.44-$2.54 yesterday to meet its staff share options obligations. | ||||
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TA_Expert
Supreme |
27-May-2023 00:47
Yells: "The World has changed" |
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It seems that many funds do not like govt-linked companies. | ||||
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y2jchris
Veteran |
26-May-2023 15:22
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sounds like a mega cycle. Always the case? 
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Newbornborn
Senior |
26-May-2023 13:11
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Good work , push down n buy back later to enjoy the go
od dividend. Do not be trap..
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y2jchris
Veteran |
26-May-2023 12:23
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buy the dip? Seems solid |
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vivacious
Supreme |
26-May-2023 11:15
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why leh
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halleluyah
Supreme |
26-May-2023 10:42
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better support at 2.37 n blw........
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vivacious
Supreme |
26-May-2023 10:40
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support at 243/244 | ||||
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halleluyah
Supreme |
26-May-2023 09:27
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funds selling....dissappointed profit.... | ||||
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boringguy
Member |
26-May-2023 09:26
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what happen? why sudden selldown? dividend 0.053 + 0.025 not attractive enough? | ||||
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vivacious
Supreme |
26-May-2023 09:20
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sudden selldown | ||||
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shk363
Master |
25-May-2023 20:06
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6% div yield | ||||
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ysh2006
Supreme |
25-May-2023 17:31
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After div pay out share price will be $2.37 drop 0.16c lah . ...
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