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SingTel
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Singtel Bullish???
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halleluyah
Supreme |
01-Oct-2021 13:12
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looks like funds selling .....over bot fr wks liao.... | ||||
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Starship
Supreme |
01-Oct-2021 11:45
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DBS Gp Research 01 Oct 2021 SingTel (ST SP) &ndash BUY Majority stake in Australia Tower Network proposed for sale Price Target (12-mth): S$3.13, Upside 27.2% --- SingTel proposes sale of 70% in Australia Tower Network for A$1.9bn, an attractive valuation representing 28x EV/EBITDA --- Gain of A$0.4bn expected to be realised with SingTel retaining a 30% stake in the unit --- We think the deal is positive for multiple reasons including a potential avoidance of a credit rating reduction following SingTel&rsquo s decision to subscribe to Bharti Airtel rights --- Maintain BUY with a TP of S$3.13 Singapore Stock Pulse: SingTel - SingTel gets boost from Australian Tower network sale Boost from better-than-expected pricing on proposed sale of Australia Tower Network --- SingTel has proposed the sale of 70% in Australia Tower Network for an aggregate consideration of A$1.9bn at an attractive valuation of 28x EV/EBITDA, much higher than our estimates --- The cash proceeds will comprise of 3 parts: 1) A$0.9bn for sale of shares 2) A$0.5bn as return of capital, and 3) A$0.5bn as full repayment of loans made by Optus --- SingTel expects to realise a gain of A$0.4bn from the sale and retain a 30% stake in Australia Tower Network, part of the proceeds will be used to support 5G rollout --- SingTel is also expanding its data center operations beyond Singapore by partnering Gulf Energy in Thailand and is in advanced talks with Telkom Indonesia to develop and build regional data centers --- Our View: News is positive for 3 reasons (1) Boost to SingTel&rsquo s credit profile (2) avoid a reduction in credit rating following the Group&rsquo s decision to subscribe to the Airtel rights issue (3) new growth catalyst from regional data center business expansion |
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Speediman
Veteran |
01-Oct-2021 11:39
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Infact $1.9B is quite a good sales. A bit lower than the expected $2B. But in times like these, getting $1.9B should be seen as rechannel $$ into many other investment to generate more $$. Nov results is expected to be bumper with Airtel write-back, Optus tower sales. Nov dividend is expected to be good. Huat Ah! |
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ozone2002
Supreme |
01-Oct-2021 11:25
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Last:2.43  -0.03quite close low so far is 2.42 gd luck dyodd
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vivacious
Supreme |
01-Oct-2021 11:25
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240 shld be strong support.. | ||||
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112233
Master |
01-Oct-2021 11:22
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when China Evergrande incident pops up, many counters also kena despite having no direct link .... we are at the mercy of the 2 giants. haha
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Inferno
Senior |
01-Oct-2021 11:18
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That is my thought as well. In fact, HSI, US, China red... usually STI will also impact negaively.
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actan99
Master |
01-Oct-2021 11:16
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Should accumulate more on weakness. | ||||
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112233
Master |
01-Oct-2021 11:01
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US sneezes, everyone kena. haha
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Inferno
Senior |
01-Oct-2021 10:56
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I read somewhere from this thread saying US market drop good for STI. Not zhun? 
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investshare
Supreme |
01-Oct-2021 10:52
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Why market drop so much? Today first day for new temasek ceo, No confidence in new temasek ceo? | ||||
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112233
Master |
01-Oct-2021 10:31
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Big Huat coming ....
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Starship
Supreme |
01-Oct-2021 10:04
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Singtel divests 70% stake in Australia Tower Network for $1.9 bil to expand data centre business regionally Fri, Oct 01, 2021 / 8:32 AM GMT+8 Singapore Telecommunications (Singtel) has announced on Oct 1 the sale of a 70% stake in Australia Tower Network (ATN), a wholly-owned subsidiary of Optus. The deal is expected to raise net cash proceeds of A$1.9 billion ($1.86 billion). ATN operates Optus&rsquo passive telecommunications tower infrastructure. The 70% stake in the company will be sold to AustralianSuper, Australia&rsquo s largest superannuation fund. Singtel will continue to hold a 30% stake in ATN. Under the terms of the deal, Optus will have continued access to the towers through a long-term lease agreement with ATN. Optus will be the anchor tenant on 565 new build-to-suit towers to be built over the next three years which will form an integral part of its 5G network. Singtel also announced the creation of a regional data centre business that will see it expanding beyond Singapore. The company has signed a memorandum of understanding (MOU) with Thailand&rsquo s Gulf Energy to build and develop data centres across Thailand. Singtel says it is also in advanced talks with Telkom Indonesia to explore acquiring and building data centres in Indonesia and the region. The regional data centre business will form part of a regional digital infrastructure platform to capture new growth opportunities in Asia. &ldquo The rise of digital technology and its accelerated adoption on the back of Covid-19 has had major implications for the physical infrastructure that facilitate and support this overwhelming demand for data connectivity we are witnessing,&rdquo says Singtel&rsquo s Group CEO Yuen Kuan Moon. &ldquo From our telecom towers to our data centres, it is imperative that we restructure our assets and re-organise our business to better fund, improve and grow our digital infrastructure. Not only will this secure our place in the digital economy, it will also allow us to help keep our communities supported and economies up and running,&rdquo Yuen adds. Singtel&rsquo s regional data centre strategy is premised on offering a differentiated value proposition to customers &ndash one that is carrier neutral, while providing access to bundled services that draw on Singtel&rsquo s ecosystem such as best-in-class connectivity, cyber security and hybrid cloud services. Singtel will also be launching an initiative to invite companies in the ecosystem to ideate and co-create solutions to build the greenest data centres in the region. https://www.theedgesingapore.com/news/telecommunications/singtel-divests-70-stake-australia-tower-network-19-bil-expand-data-centre |
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investshare
Supreme |
01-Oct-2021 10:03
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Net result is Singtel is shifting its capital to India. Is this their strategy? If yes why not communicate?
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vivacious
Supreme |
01-Oct-2021 09:54
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think singtel px will be impacted for a while..
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investshare
Supreme |
01-Oct-2021 09:06
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Guess where will Airtel get the money?
India's Bharti Airtel to invest $673 million on data centre expansion Sankalp Phartiyal Thu, 30 September 2021, 5:36 PM·2-min read FILE PHOTO: A girl checks her mobile phone as she walks past the Bharti Airtel office building in Gurugram By Sankalp Phartiyal NEW DELHI (Reuters) - Telecoms group Bharti Airtel said on Thursday it will invest 50 billion rupees ($673 million) in expanding its data centre business to meet customer demand in and around India. Airtel Business chief executive Ajay Chitkara said its Nxtra unit will make the investment by 2025, with plans to build a data centre economy across 80 Indian cities, adding that the move will triple its installed capacity to more than 400 MW |
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Hieguy
Senior |
01-Oct-2021 08:55
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Global market drop too much ! PICK ON BARGAINSSSSSS |
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hokpin
Supreme |
01-Oct-2021 08:39
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Good news from Singtel today ha! | ||||
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FATABA
Supreme |
01-Oct-2021 08:24
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Singapore Telecommunications Limited (&ldquo Singtel&rdquo ) wishes to announce that its wholly-owned subsidiary, Singtel ATN Pte. Ltd. (&ldquo Singtel ATN&rdquo ), has entered into a conditional agreement (&ldquo SPA&rdquo ) with AS Infra Tower Pty Ltd (as trustee for AS Infra Tower Trust) (&ldquo AS Infra&rdquo ) to sell 70% of the shares (&ldquo Sale Shares&rdquo ) in Australia Tower Network Pty Ltd (&ldquo ATN&rdquo ) (the &ldquo Transaction&rdquo ). AS Infra was established by Australian Super Pty Ltd, in its capacity as trustee of a complying superannuation fund in Australia known as &ldquo AustralianSuper&rdquo (the &ldquo Sponsor&rdquo ). Pursuant to an internal restructuring undertaken earlier this year, ATN owns and operates the passive mobile tower infrastructure assets which were previously owned and operated by Optus Mobile Pty Limited (&ldquo Optus&rdquo ), a wholly-owned subsidiary of Singtel. The aggregate cash proceeds (&ldquo Aggregate Consideration&rdquo ) is approximately A$1.9 billion, comprising the following payments to be made on completion: (a) A$0.9 billion for the Sale Shares (&ldquo Shares Consideration&rdquo ) by AS Infra to Singtel ATN, subject to certain adjustments at closing (b) A$0.5 billion as a return of capital (the &ldquo Capital Return&rdquo ) by ATN to Singtel ATN and (c) A$0.5 billion as the full repayment of outstanding loans by ATN to Optus (the &ldquo Optus Loan Repayment&rdquo ). The Shares Consideration was agreed on an arm&rsquo s length and willing-buyer willing-seller basis, based on the Sponsor&rsquo s assessment of ATN and a competitive process conducted for the Sale Shares. The Aggregate Consideration takes into account the Sponsor&rsquo s intended capital structure for ATN. In connection with the Transaction, ATN has secured A$1.25 billion of loan facilities (the &ldquo Facilities&rdquo ) which it will use to, among others, pay the Capital Return to Singtel ATN and pay the Optus Loan Repayment to Optus. The Facilities will be secured, by, among others, a general security over all of ATN&rsquo s present and after-acquired property and all the shares in ATN, which includes a charge over Singtel ATN&rsquo s 30% shareholding in ATN following completion. The Transaction is conditional on certain steps to be undertaken in respect of the Facilities. Following completion, Singtel ATN will retain its 30% shareholding in ATN, and will enter into a shareholders&rsquo agreement with AS Infra in relation to their respective interests in ATN. Completion is expected by end of October 2021. The estimated net gain on disposal of 70% of interest in ATN at Singtel Group is S$0.4 billion, determined as follows: S$ billion Shares Consideration 0.9 Less: Net asset value (including attributable goodwill) of 70% of interest in ATN (0.5) Estimated net gain on disposal 0.4 Issued by Singapore Telecommunications Limited on 1 October 2021 | ||||
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InvestNotTrade
Senior |
01-Oct-2021 08:16
Yells: "seekingprivatereturns.blog" |
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Singtel advances digital infrastructure growth strategy Raises approximately A$1.9 billion from 70% sale of Australia Tower Network proceeds to fund 5G rollout and new growth Starts regional data centre business with Thailand&rsquo s Gulf Energy and Telkom Indonesia Paves way towards digital infrastructure platform |
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