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SingTel
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Singtel Bullish???
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ckmpd1
Supreme |
17-Feb-2022 14:24
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As for me, I believe the best is yet to come for Singtel.  So I am holding my shares and will buy more when opportunity arises
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PhillipTan
Supreme |
17-Feb-2022 14:20
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Please sell at $2.55-$2.56 then But we will continue to wait for it to go up So, good luck and bye bye See you in other threads  
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ckmpd1
Supreme |
17-Feb-2022 13:27
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It is a matter of time frame.  In Jan 2021, some investors said " fat hope" to SCI reaching $2.  Look where SCI is now.  Never say never.  Never say " fat hope" because it may reach $3.37
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Speediman
Veteran |
17-Feb-2022 12:00
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Analyst is bullish but did Maybank really buy in? Prices seems stuck at 2.55-2.57.  ST results is not really fantastic. Strip off the exceptional gains & allowances, the Qtr profit remains around $500M. There is not much to cheer about.     
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luke2021
Senior |
17-Feb-2022 11:52
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Up up up! Sky is the limit. 2.8 should be quite easy to reach if BB start to push. IF :)  | ||||
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annebelinda
Senior |
17-Feb-2022 11:37
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Fat Hope! $2.56 still on offer. 
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ckmpd1
Supreme |
17-Feb-2022 10:45
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Target price of $3.37,  Potential upside of 32.2%
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Joelton
Supreme |
17-Feb-2022 10:42
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CGS-CIMB, Maybank raise Singtel targets on higher valuations for associates
 
CGS-CIMB and Maybank Securities on Wednesday (Feb 16) raised their target prices (TP) for Singtel Singtel: Z74 -0.78% after placing higher valuations on the telco&rsquo s associates. 
 
The research team of CGS-CIMB increased its TP on Singtel to S$3.30 from S$2.90 due to higher fair values for Singtel&rsquo s associates - led by India associate Bharti. It maintains its &ldquo add&rdquo call on Singtel. 
 
The new TP implies a potential upside of 29.4 per cent from the counter' s Wednesday closing price of S$2.55. Singtel' s shares were down 0.8 per cent or S$0.02 at the time.
 
Meanwhile, Maybank raised its TP to S$2.98 from S$2.83 after inputting higher valuations for these associates. This implies a potential upside of about 16.9 per cent. The research team has also maintained its &ldquo buy&rdquo call on the stock.
 
Singtel remains a top pick when it comes to Singapore telcos for CGS-CIMB, Maybank as well as RHB. 
 
RHB maintains " buy" on the counter, along with an unchanged TP of S$3.37 - implying a potential upside of 32.2 per cent. It said its TP incorporates a 12 per cent ESG (environmental, social and governance) premium based on in-house methodology.
 
DBS, in a separate report on Tuesday, maintained its " buy" call on Singtel with an unchanged TP of S$3.13, implying a potential upside of 22.7 per cent.
 
Singtel' s core net profit for the 9 months ended Dec 31, 2021 has missed expectations slightly. The S$1.45 billion posted for the period was 65 per cent of consensus estimates, 70 per cent of CGS-CIMB' s and DBS' s forecasts, and 71 per cent of RHB' s projections.
 
CGS-CIMB has cut its estimates for FY2022-24 core earnings per share (EPS) by 5 to 6 per cent after factoring in lower Singapore earnings. It projects core EPS to rebound 13 per cent year on year in FY2022, then rise 30 per cent in FY2023 and 17 per cent in FY2024.
 
This will come on the back of higher associate earnings (led by Bharti) due to easing competition, roaming revenue recovery and higher Optus earnings due to more rational competition and cost savings.
 
Maybank noted that operational revenue should improve further as associate earnings recover from lockdowns and as economic conditions stabilise. Meanwhile, easing border restrictions should support the Singapore and Australia consumer divisions. 
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ckmpd1
Supreme |
17-Feb-2022 08:22
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Maximum authorised share buy back for Singtel is more than 800m shares
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PhillipTan
Supreme |
17-Feb-2022 00:01
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CGS-CIMB, Maybank raise Singtel targets on higher valuations for associatesCGS-CIMB and Maybank Securities on Wednesday (Feb 16) raised their target prices (TP) for Singtel after placing higher valuations on the telco&rsquo s associates. The research team of CGS-CIMB increased its TP on Singtel to S$3.30 from S$2.90 due to higher fair values for Singtel&rsquo s associates - led by India associate Bharti. It maintains its &ldquo add&rdquo call on Singtel.  The new TP implies a potential upside of 29.4 per cent from the counter' s Wednesday closing price of S$2.55. Singtel' s shares were down 0.8 per cent or S$0.02 at the time. Meanwhile, Maybank raised its TP to S$2.98 from S$2.83 after inputting higher valuations for these associates. This implies a potential upside of about 16.9 per cent. The research team has also maintained its &ldquo buy&rdquo call on the stock. Singtel remains a top pick when it comes to Singapore telcos for CGS-CIMB, Maybank as well as RHB.  RHB maintains " buy" on the counter, along with an unchanged TP of S$3.37 - implying a potential upside of 32.2 per cent. It said its TP incorporates a 12 per cent ESG (environmental, social and governance) premium based on in-house methodology. DBS, in a separate report on Tuesday, maintained its " buy" call on Singtel with an unchanged TP of S$3.13, implying a potential upside of 22.7 per cent. Singtel' s core net profit for the 9 months ended Dec 31, 2021 has missed expectations slightly. The S$1.45 billion posted for the period was 65 per cent of consensus estimates, 70 per cent of CGS-CIMB' s and DBS' s forecasts, and 71 per cent of RHB' s projections. CGS-CIMB has cut its estimates for FY2022-24 core earnings per share (EPS) by 5 to 6 per cent after factoring in lower Singapore earnings. It projects core EPS to rebound 13 per cent year on year in FY2022, then rise 30 per cent in FY2023 and 17 per cent in FY2024. This will come on the back of higher associate earnings (led by Bharti) due to easing competition, roaming revenue recovery and higher Optus earnings due to more rational competition and cost savings. Maybank noted that operational revenue should improve further as associate earnings recover from lockdowns and as economic conditions stabilise. Meanwhile, easing border restrictions should support the Singapore and Australia consumer divisions.    |
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Entropy72
Master |
16-Feb-2022 23:52
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We can safely presume there are no known bad news from within Singtel, else they will not execute share buyback.
But the counter is still subject to external forces such as geopolitical risks, regulatory risks and shortist attacks.
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slingshotpro
Senior |
16-Feb-2022 22:16
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The last time they bought, I remember it was $2.57, at the high side, but after a few days, from $2.57 it started falling until to $2.30, and they didn?t buy and support at all
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ckmpd1
Supreme |
16-Feb-2022 21:11
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shares bought back today: 838,496 between $2.54 to $2.56 | ||||
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ckmpd1
Supreme |
16-Feb-2022 18:27
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Agree,  It shd run up more before financial results in May 2022.  Expecting good results in that announcement and good dividends
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Entropy72
Master |
16-Feb-2022 17:29
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Underlying EBIDTA rose 6% YOY and underlying EBIT rose 25% YOY.  This reflects the true operational performance in Australia and Singapore. Reason for drop in net profit was due to reduction of NBN migration revenue in Australia and Job Support Scheme in Singapore.  The Optus tower sale profit offset the drop in net profit.  And then there is a need to provision for the unfavourable Federal Court judgement relating to 2001 tax dispute.  ------ " Excluded Optus&rsquo NBN migration revenues (Q3 FY2022: A$7 million, Q3 FY2021: A$72 million and YTD Dec 2021: A$58 million, YTD Dec 2020: A$281 million) and Jobs Support Scheme credits from the Singapore government (Q3 FY2022: S$0.3 million, Q3 FY2021: S$13 million and YTD Dec 2021: S$4 million, YTD Dec 2020: S$106 million)."  
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Hector
Veteran |
16-Feb-2022 17:08
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Singtel with net profit of S$734 million and share price only at $2.55? Think there should be more upside to come to pre-covid level sooner   |
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ckmpd1
Supreme |
16-Feb-2022 16:04
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Singtel share price: 30 Oct 2020 - $2.03 16 Feb 2022 - $2.57   |
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hokpin
Supreme |
16-Feb-2022 13:48
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So it means the profit will be a drop yoy if without the gain from Australia Tower Asset disposal?
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kelvinabcd
Member |
16-Feb-2022 10:10
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Quite normal la, many people like to trade by TA, plus these people should have made good return past two times, but not a big deal, its still an ascending triangle pattern in weekly chart
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annebelinda
Senior |
16-Feb-2022 09:40
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End show coming? It' s all over?  Got to wait for next change? So fast!
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