0634 GMT - Singapore Telecommunications' operating headwinds in its local market are likely to be offset by improving performance at its regional associates and its Australian subsidiary Optus, say Citi analysts Arthur Pineda and Luis Hilado in a note. Momentum at regional associates Bharti Airtel and AIS appears solid in fiscal 3Q, and another associate, Telkomsel, is showing signs of turning around, the analysts say. Optus' operating trends seem healthy despite prior network outages. Singtel's growth investments are also likely to expand. Meanwhile, the Singapore telecommunications operator's digital infrastructure business could contribute further with the commercial operation of new assets, they add. Citi's rating and target price for Singtel are suspended. Shares rise 0.8% to S$5.02. (megan.cheah@wsj.com)
(END) Dow Jones Newswires
February 12, 2026 01:34 ET (06:34 GMT)
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