Singtel's Earnings Outlook Remains Positive -- Market Talk

Dow Jones
May 23, 2025

0207 GMT - Singapore Telecommunications' earnings outlook remains positive following in-line FY 2025 results, RHB Research's Singapore team says in a note. The team says positive catalysts include the telecom company's improving return on invested capital and operational execution. Also, Singtel's new S$2 billion share-buyback program adds to its strong capital management narrative, the team says. RHB raises the stock's target price to S$4.50 from S$3.80, partly reflecting subsidiary Optus's operational improvements. RHB maintains the stock's buy rating. Shares are 1.0% lower at S$3.91.(ronnie.harui@wsj.com)

 

(END) Dow Jones Newswires

May 22, 2025 22:07 ET (02:07 GMT)

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