Singapore Telecom 02 (Feb 12 - Dec 24)

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Singtel's 2Q earnings lower at $667 mil on absence of one-off gain
https://www.theedgesingapore.com/singte ... e-one-gain

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Singtel 3Q net profit falls 14% hurt by regional associates
https://www.theedgesingapore.com/singte ... associates

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Singtel to buy US$525 mil worth of stock in India's Bharti Airtel
https://www.theedgesingapore.com/singte ... rti-airtel

[winston]

not vested

Singtel: All Signs Point To A Sound Value Investment

After two successive years of earnings decline, DBS believes that Singtel is now in a good position to start reaping rewards from its regional associates in FY20.

DBS notes that the earnings growth from regional associates will be led by Bharti, whose share price has surged more than 10 percent over since the start of 2019.

Meanwhile, as investors await Singtel’s earnings recovery, investors will get rewarded with an assured dividend per share of $0.175 (5.7 percent yield) to compensate for the wait.

In terms of valuation, Singtel is trading at a 32 percent holding company discount compared to its historical 12 percent discount.

The way DBS sees it, investors are getting Singtel’s Bharti stake of $11 billion at zero value.

BUY, TP $3.55; Current share price $3.14

Source: Aspire

[behappyalways]

SingTel ends FY19 with 44% lower earnings of $3.1 bil; proposes 10.7 cents final dividend
https://www.theedgesingapore.com/singte ... l-dividend

[behappyalways]

Flash: Singtel reports 35% lower 1Q earnings of $541 mil
https://www.theedgesingapore.com/capita ... gs-541-mil

[behappyalways]

Bharti Airtel provision sends Singtel $668 mil into the red
https://www.theedgesingapore.com/capita ... 68-mil-red

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India's cheap data is about to get more expensive
https://www.bbc.com/news/world-asia-india-50470472

[behappyalways]

Singtel reports 24% lower 3Q earnings of $627 mil, braces for lower equipment sales, sales of lower margin devices in 4Q
https://www.theedgesingapore.com/capita ... ales-sales

[behappyalways]

Singtel grabs $4.17 billion credit lifeline
https://www.theedgesingapore.com/news/c ... t-lifeline