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SingTel
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Singtel Bullish???
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kt3152
Supreme |
04-Jun-2025 16:04
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Sold some 387 to goldman.. still holding 381 bot from ML this morning..... | ||||
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seanpent
Supreme |
04-Jun-2025 16:01
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swee swee .... singtel, banks .....
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seanpent
Supreme |
04-Jun-2025 09:31
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Still uptrending. Seems that after each conso, takes about a week or so to find next high. | ||||
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Delvyss
Elite |
03-Jun-2025 09:45
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Well supported at 3.77 yday. To the moon next.
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kt3152
Supreme |
03-Jun-2025 09:23
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Time to reverse up......
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Delvyss
Elite |
02-Jun-2025 14:49
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Not forgetting divvy. 
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benlwl
Member |
02-Jun-2025 14:31
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Probably institutions selling off are the reason for the fall of relevant stocks (which is still ongoing). SingTel is one of them. https://www.businesstimes.com.sg/companies-markets/independent-director-chua-kee-lock-acquires-venture-shares-open-market
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Potato
Master |
02-Jun-2025 14:29
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haa haa... no drop how to go higher?
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Newcomer19707016
Veteran |
02-Jun-2025 14:14
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Why it is dropping? | ||||
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Potato
Master |
02-Jun-2025 13:20
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Good hot afternoon~~ ichy backside and bought some todat at 3.78. Was actually thinking to re enter only when it drop back to 3.65. see whether it break 3.78 or not.. haa haa. | ||||
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MrBear12
Supreme |
27-May-2025 10:48
Yells: "Cast all our anxieties on Jesus for He cares for us" |
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I rest my case.
See you guys again when singtel hits 7 dollars. Trade with high targets |
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Joelton
Supreme |
27-May-2025 10:23
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Analysts raise Singtel price target as its shares soar optimistic on data centre boost
The telco&rsquo s share buyback programme is set to be &lsquo accretive&rsquo
[SINGAPORE] Analysts are bullish on Singtel as the telco&rsquo s shares soared last week after it reported earnings that showed it returned to profitability for its second half ended March.
On Thursday (May 22), the group posted a S$2.8 million net profit, reversing from a S$1.3 billion loss for the year-ago period, as it proposed a S$0.10 per share final dividend and unveiled its maiden S$2 billion share buyback programme.
The telco&rsquo s shares has been doing well this year. They soared to a five-year high of S$3.99 on May 22. The stock was also one of the top performing Singapore stocks for the first quarter of 2025. Its shares closed at S$3.88 on Friday.
Both maintained their &ldquo buy&rdquo calls.
Financial services firm Morningstar on Monday increased its fair value estimate for Singtel to S$3.60 per share from S$3.47, citing forecasts of &ldquo high single-digit (increases)&rdquo in operating profits.
&ldquo Singtel looks expensive compared with global peers on a 12-month forward price-to-earnings ratio of around 20 times. However, we believe this to be partially a function of the higher growth outlook through recovery in Optus and forecast cost reductions,&rdquo said Morningstar senior equity analyst Dan Baker.
Highlighting that Singtel&rsquo s share buyback plan adds to its strong capital management narrative, RHB analysts said: &ldquo We stay positive on its outlook with improving return on invested capital, capital manage
Singtel&rsquo s S$2 billion share buyback programme over the next three years is set to strengthen its capital management efforts and be &ldquo earnings per share accretive&rdquo , said RHB analysts.
This follows the raising of its capital recycling target to S$9 billion, up from S$6 billion.
RHB analysts noted that more than half of Singtel&rsquo s original S$6 billion target has been achieved, including gains from its recent S$2 billion sale of its 1.2 per cent stake in Airtel.
&ldquo We view the new three-year share buyback programme positively to drive further shareholder value accretion,&rdquo they said.
Forecasts for growth on data-centre contributions, mobile revenue recovery
Noting Singtel management&rsquo s guidance for high single-digit growth in core Ebit in FY2026, DBS and Morningstar think the telco is set for growth.
With FY2026&rsquo s growth led by cost savings, core Ebit growth for FY2027 could come in at a &ldquo similar pace&rdquo , driven by &ldquo sharp growth in data-centre contribution and a recovery in mobile revenue&rdquo , said DBS analysts.
This comes as Optus logged higher mobile service revenue of 4 per cent, driven by price uplifts in its postpaid segment, and as it repriced more than 70 per cent of its back book.
&ldquo Besides, we are hopeful of mobile sector consolidation in Singapore over the next 12-18 months,&rdquo DBS added.
Similarly, Morningstar believes that Singtel&rsquo s Ebit guidance for FY2026 is &ldquo reasonable&rdquo , given the mobile price hikes for Optus alongside its focus on cutting costs for the fiscal year by S$200 million.
Morningstar&rsquo s Baker pointed out that Singtel&rsquo s management raised its medium-term (three to four year) asset sales target to S$9 billion from S$6 billion previously.
&ldquo Of the additional S$3 billion, S$2 billion is being allocated to a share buyback over three years, with the remainder likely to be reinvested in growth businesses like data centres,&rdquo Baker said.
Over the next five years, Singtel&rsquo s compound annual growth rate for core business operating profit could come in at 11 per cent, he added.
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Joelton
Supreme |
26-May-2025 12:40
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Singtel hits five-year high no reprieve for Yangzijiang as stock slides further
SINGAPORE - Shares of Singtel hit a five-year high of $3.99 on May 22, after the company announced it had proposed a final dividend of 10 cents per share for the financial year ended March 31.
The proposal brought total dividends for the year to 17 cents, up from 15 cents in the previous year.
Singtel also said it will buy back up to $2 billion of its shares over three years to return excess capital to shareholders. It added that the buybacks will be funded by excess capital from the group&rsquo s asset recycling proceeds.
Following its divestment of a 1.2 per cent stake in its Indian associate Bharti Airtel for $2 billion earlier in May, Singtel has hit more than half of its $6 billion mid-term asset recycling target and is now raising this target to $9 billion.
The company reported a net profit of $4.02 billion for the financial year, more than five times that of the previous year. This was due to a net exceptional gain of $1.55 billion, mainly from the partial divestment of its Comcentre headquarters, compared with a net exceptional loss of $1.47 billion a year ago.
Shares of Singtel were heavily traded through the week, and closed on May 23 at $3.88.
Yangzijiang Shipbuilding continued to slide last week.
The shipbuilder&rsquo s shares have been falling ever since a US proposal to impose fees on Chinese-built vessels entering American ports was announced on Feb 21, the same day the shares hit an all-time high of $3.22.
In a business update on May 22, Yangzijiang reported securing only six new ship orders worth US$290 million (S$372 million) in the first quarter of 2025 &ndash less than 5 per cent of its US$6 billion annual target. The company attributed the slowdown to ship owners holding back amid uncertainty over US port fees.
Yangzijiang also noted that it remains on track to deliver its targeted 56 vessels in 2025 and holds an order book valued at US$23.2 billion, with deliveries scheduled over the next three years.
Nevertheless, its shares fell by more than 6 per cent through the week, closing on May 23 at $2.06.
Thakral jumps on possible IPO of Australia associate
Shares of Thakral Corporation jumped by more than 16 per cent to $1 on May 23, after providing an update on its associate company, GemLife, an over-50s lifestyle resorts business in Australia in which it holds a 31.7 per cent effective stake.
Thakral said GemLife has made progress in evaluating its future growth options, including a potential initial public offering (IPO).
The update follows an April 7 exchange filing, in which Thakral issued a clarification in response to an article published by the Australian Financial Review on April 2. The article had said that GemLife&rsquo s owners have appointed financial advisers as well as representatives to arrange introductory meetings with investors as they explore a potential IPO.
Thakral stated then that while introductory meetings with investors are being planned regarding GemLife, there is no certainty that any transaction will take place.
In its first-quarter business update on May 19, Thakral, which invests in real estate and lifestyle brands, revealed that its revenue for the period had risen by 26.6 per cent year on year to $76 million.
Meanwhile, its profit before tax was up 27.6 per cent to $6.3 million over the period, thanks to higher profit contributions from GemLife, which completed 58 new homes in its resorts during the quarter, taking the number of occupied homes it operates to 1,862 as at March 31.
Insurer Great Eastern Holdings said on May 23 that it has been granted a third extension of time to comply with free float requirements under Singapore Exchange listing rules.
The insurer now has until June 8 to announce its finalised proposal to comply with the rules and will issue an announcement on the matter &ldquo no later&rdquo than that.
Great Eastern noted in its stock exchange filing that it has been exploring various options to formulate a proposal that meets the minimum 10 per cent free float requirement and addresses the interests of stakeholders. It added that it has made &ldquo significant progress&rdquo on that front.
Shares of Great Eastern have been suspended from trading since July 2024, after the company lost its free float following a takeover bid by its majority shareholder OCBC Bank.
OCBC in May 2024 made a $1.4 billion voluntary unconditional general offer for the remaining 11.56 per cent stake in Great Eastern that it did not already own. At the close of the offer in July 2024 however, the bank had managed to accumulate just 93.52 per cent of the insurer, falling short of the 95 per cent stake required for compulsory acquisition and delisting.
Some minority shareholders, who say OCBC&rsquo s offer price for Great Eastern of $25.60 per share is below what the insurer is worth, have refused to sell their shares. They have also noted an independent financial adviser&rsquo s opinion that the offer, while reasonable, is nevertheless unfair.
ST20240509_202463103743 Kua Chee Siong/ pixgeneric/ Generic pix of the Great Eastern logo on the facade of Great Eastern Centre located in Pickering Street, on May 9, 2024.
Great Eastern Holdings has been granted a third extension of time to comply with free float requirements under Singapore Exchange listing rules.ST PHOTO: KUA CHEE SIONG
Meanwhile, chief executive of Cosmosteel Holdings Ong Tong Hai has been purchasing shares of the steel company in the open market.
Between May 20 and May 23, Mr Ong purchased around 6.4 million Cosmosteel shares, raising his stake in the company to 16.98 per cent.
Notably, at 21.87 cents to 22 cents each, the price paid by Mr Ong for the shares is higher than an ongoing offer of 20 cents per share made by an entity called 3HA Capital.
3HA Capital comprises parties including Hanwa Singapore, a subsidiary of Tokyo-listed steel trader Hanwa Co, which is Cosmosteel&rsquo s single largest shareholder with a 31.61 per cent stake.
While 3HA Capital&rsquo s offer price of 20 cents is 48.1 per cent higher than Cosmosteel&rsquo s share price of 13.5 cents on May 14, it is still a discount to the company&rsquo s net asset value per share of 29.31 cents as at March 31.
3HA Capital has said that it plans to continue to develop and grow Cosmosteel&rsquo s existing businesses and keep the company listed. However, if it receives more than 90 per cent of Cosmosteel&rsquo s shares, it might then exercise the right to compulsorily acquire the remaining shares and delist the company.
Other market movers
Shares of Metro Holdings, which had initially surged at the start of the week, fell 1.2 per cent to close at 41 cents on May 23, after the real estate investment company reported losses for the year ended March 31.
Metro reported a loss after tax of $224.7 million for the period compared with a profit of $14.6 million in the previous year, due to reductions in the value of its property portfolio in China, where the economy continued to experience a downturn.
Group revenue, which was mainly generated by sales at the Metro Paragon and Metro Causeway Point department stores in Singapore, fell by almost 10 per cent year on year to $104.5 million.
As a result, the retail division reported a loss after tax of $6.9 million for the year compared with a profit of $1.8 million in the previous year, amid challenges confronting Singapore&rsquo s retail sector, Metro CEO Yip Hoong Mun said.
Shares of Food Empire continued to rise last week. They reached a five-year high of $1.80 on May 20, before closing the week at $1.77.
Analysts have turned bullish on Food Empire since the company announced on May 13 higher revenues for the first quarter, driven by strong sales of its instant coffee products in Vietnam.
In contrast, they are now less bullish over Thai Beverage, whose shares have lost value due to weaker margins and consumer sentiment in recent years. They closed last week at 46 cents, down by more than 2 per cent.
What to look out for this week
Shares of Sats could see some trading activity this week, after the company reported on May 23 after the market closed a net profit of $243.8 million for the year ended March 31.
The company saw its profit rising by more than four times from a year ago, thanks to &ldquo notable customer wins across (Sats&rsquo ) network, including multiple new cargo and ground handling contracts secured with key customers such as Air India, Emirates and DHL in major airports&rdquo , CEO Kerry Mok said.
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Newcomer19707016
Veteran |
26-May-2025 11:47
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So fast $3.81 | ||||
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MrBear12
Supreme |
26-May-2025 11:07
Yells: "Cast all our anxieties on Jesus for He cares for us" |
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Of course!
But always set a stop loss at about 2 to 3 per cent. Trade with tight stop losses
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easywin
Supreme |
26-May-2025 10:01
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can short for easy money?
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ysh2006
Supreme |
24-May-2025 10:35
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Many analysts said buy mean sell sell lah ? | ||||
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attilio
Member |
24-May-2025 10:14
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Pretty much everyone has now revised the target price to well above SGD 4.
https://www.theedgesingapore.com/capital/brokers-calls/singtels-target-prices-raised-capital-return-high-gear#:~:text=UOB%20Kay%20Hian's%20Chong%20Lee,came%20as%20a%20%22surprise%22. |
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MrBear12
Supreme |
23-May-2025 23:24
Yells: "Cast all our anxieties on Jesus for He cares for us" |
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Buy, buy, buy. That has been the bear script since his day one on SJ.
Trade with consistent buying.
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Glooper83
Senior |
23-May-2025 23:06
Yells: "Always focus on Fundamentals!" |
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https://www.dbs.com.sg/treasures/aics/templatedata/article/recentdevelopment/data/en/DBSV/052025/ST_SP_05232025.xml Singapore Telecommunications Ltd: Misses 4Q25 earnings but dividends and outlook exceed expectations Sachin Mittal 23 May 2025
Singtel has provided FY26F core EBIT growth guidance of a high single digit, led by SGD200mn in cost savings. We have revised our core EBIT for FY26F/27F by 1%/2% following management&rsquo s guidance for FY26F. Our revised core EBIT estimate for FY26F stands at SGD1,513mn, reflecting 10% y/y growth. We do not expect material cost savings beyond FY26F. However, FY27F should benefit from multiple drivers. (i) Data-centre business is expected to see a big rise in FY27F EBITDA from ramp up of Jurong data-centre from Jan 2026 onwards. Data-centre contributed SGD165m in FY25 EBITDA which is expected to double to SGD330m by FY28F. (ii) Singtel Singapore is expected to see its FY25 EBIT of SGD833m (-0.3% y/y) see a low-single digit drop in FY26F followed by a low-single digit recovery in FY27F. This is on the back of rising adoption of 5G+ priority plans by enterprises and premium customers. Besides, we are hopeful of mobile sector consolidation in Singapore over the next 12-18 months.
We expect ST&rsquo s HoldCo discount to narrow to 10%-15% with improving core EBIT. ST&rsquo s HoldCo discount has narrowed to 26% in May 2025 from a high of 52% in May 2024, comparable to its five-year average of 34%. This reduction is driven by growth in core operating profit from Singapore and Australia, which are expected to generate the majority of the free cash flow (FCF) for dividend payouts. The HoldCo discount was below 10% before FY18, which, in our view, can be achieved again if FCF of the core business improves sharply.
Maintain BUY with a higher TP of SGD4.40 (prev: SGD4.27). Our fair value for Singtel&rsquo s core business in Singapore and Australia is SGD0.90 per share (prev: SGD0.78). The rise in our fair value is due to (i) lower net debt from divestment proceeds and (ii) 2%/3% rise in FY26F/27F core EBITDA. After applying a 15% HoldCo discount, Singtel&rsquo s regional associates are valued at SGD3.50 (prev: SGD3.49). Bharti comprises 53% of our SOTP valuation. Singtel is a cheap proxy to Bharti, especially with its core operating profit resuming growth, driven by NCS, data centre, and cost-cutting measures. |
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