0535 GMT - Singtel's cost discipline is driving its margin expansion, UOB Kay Hian's Chong Lee Len writes in a note. That contributed to the 5% on-year increase in the Singapore-based communications technology group's operating profit for the latest quarter despite the Australian dollar's weakness, the analyst says. She also notes that the performances by regional associates in India and Thailand remain strong, even as the company faces intense pricing competition and reduced roaming revenue in Singapore, which are dragging on underlying profit. UOB Kay Hian keeps a buy rating on the stock. It raises its target price to S$5.50 from S$5.20 to factor in Singtel's 25% holding in ST Telemedia Global Data Centres following the acquisition's completion, expected later this year. Shares close 1.4% lower at S$4.84. (kimberley.kao@wsj.com)
(END) Dow Jones Newswires
February 16, 2026 00:36 ET (05:36 GMT)
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