Singtel on Track to Continue Driving Shareholder Returns

Dow Jones

Jan 21, 2025

Singtel is on track to continue to drive shareholder returns, UOB Kay Hian analysts write in a note.

Singtel's S$10 billion value-unlocking initiatives, including paring down stakes in regional associates and non-core fixed assets, have progressed steadily, and should now have S$12 billion-S$13 billion in monetizable assets that could be returned to shareholders, they estimate.

Singtel's return on invested capital continues to improve, driven by improved profitability from its core businesses, improved operational performance and strong revenue growth from its tech services and data center businesses, they add.

The analysts predict Singtel to post higher revenue and underlying net profit for 3Q, driven by increased contributions from its Australian subsidiary, Optus. UOB KH retains a buy rating with a target price of S$3.58.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Easy breezy. No more feesies.","description":"Tiger Trade is a mobile trading app offering real time data, low commission fees and a free demo account. Download now to start investing in ETFs, options and the global share market.","keywords":"Tiger Brokers,U.S. stock trading,Hong Kong stock trading,trading U.S. stocks,stock information,stock prices,U.S. stock quotes,U.S. stock trading,Hong Kong stock trading,IPO trading,buying U.S. stocks,global investment","social":{"ogDescription":"Tiger Trade is a mobile trading app offering real time data, low commission fees and a free demo account. Download now to start investing in ETFs, options and the global share market.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2505245130"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"NZL","license":"TBKIWI","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2505245130\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2505245130?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-01-21 17:18","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2505245130","market":"sg","top_or_hot":-1,"title":"Singtel on Track to Continue Driving Shareholder Returns","media":"Dow Jones","content":"<html><head></head><body><p>Singtel is on track to continue to drive shareholder returns, UOB Kay Hian analysts write in a note. </p><p>Singtel&#39;s S$10 billion value-unlocking initiatives, including paring down stakes in regional associates and non-core fixed assets, have progressed steadily, and should now have S$12 billion-S$13 billion in monetizable assets that could be returned to shareholders, they estimate. </p><p>Singtel&#39;s return on invested capital continues to improve, driven by improved profitability from its core businesses, improved operational performance and strong revenue growth from its tech services and data center businesses, they add. </p><p>The analysts predict Singtel to post higher revenue and underlying net profit for 3Q, driven by increased contributions from its Australian subsidiary, Optus. UOB KH retains a buy rating with a target price of S$3.58. </p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Singtel on Track to Continue Driving Shareholder Returns</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSingtel on Track to Continue Driving Shareholder Returns\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-01-21 17:18</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Singtel is on track to continue to drive shareholder returns, UOB Kay Hian analysts write in a note. </p><p>Singtel&#39;s S$10 billion value-unlocking initiatives, including paring down stakes in regional associates and non-core fixed assets, have progressed steadily, and should now have S$12 billion-S$13 billion in monetizable assets that could be returned to shareholders, they estimate. </p><p>Singtel&#39;s return on invested capital continues to improve, driven by improved profitability from its core businesses, improved operational performance and strong revenue growth from its tech services and data center businesses, they add. </p><p>The analysts predict Singtel to post higher revenue and underlying net profit for 3Q, driven by increased contributions from its Australian subsidiary, Optus. UOB KH retains a buy rating with a target price of S$3.58. </p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0577902371.SGD","symbol_name":"FULLERTON LUX FUNDS - ASIA GROWTH & INCOME EQUITIE \"I\" (SGD) ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2505245130","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2505245130","pubTimestamp":1737451080,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0918 GMT - Singtel is on track to continue to drive shareholder returns, UOB Kay Hian analysts write in a note. Singtel's S$10 billion value-unlocking initiatives, including paring down stakes in regional associates and non-core fixed assets, have progressed steadily, and should now have S$12 billion-S$13 billion in monetizable assets that could be returned to shareholders, they estimate. Singtel's return on invested capital continues to improve, driven by improved profitability from its core businesses, improved operational performance and strong revenue growth from its tech services and data center businesses, they add. The analysts predict Singtel to post higher revenue and underlying net profit for 3Q, driven by increased contributions from its Australian subsidiary, Optus. UOB KH retains a buy rating with a target price of S$3.58. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0577902371.SGD":"FULLERTON LUX FUNDS - ASIA GROWTH & INCOME EQUITIE \"I\" (SGD) ACC","LU1211504680.USD":"ALLIANZ HIGH DIVIDEND ASIA PACIFIC EQUITY \"AM\" (USD) INC","BK6513":"电信服务股","BK6516":"银行与投资服务概念","SGXZ24219693.SGD":"UNITED SG DYNAMIC INCOME FUND \"A\" (SGD) INC","SG9999006266.SGD":"MANULIFE SINGAPORE EQUITY \"A\" (SGD) ACC","LU1242518857.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"I\" (USD) ACC","LU0315179316.USD":"EASTSPRING INVESTMENTS ASIAN DYNAMIC \"A\" (USD) ACC","LU0865486749.SGD":"Eastspring Investments - Asian Equity Income AS SGD-H","LU0955648018.USD":"SCHRODER ISF ASIAN DIVIDEND MAX \"A\" (USD) INC MF","LU0873338254.USD":"FULLERTON LUX FUNDS - ASIA GROWTH & INCOME EQUITIE \"I\" (USD) INC","LU0878005551.USD":"UBS (LUX) KEY SELEC ASIA ALLOCATION OPPORTUNITY (USD) \"P\" (USD) ACC","SG9999014302.SGD":"RHB Singapore Income Fund SGD","BK6112":"综合性银行","SGXZ27511609.SGD":"NIKKO AM SINGAPORE DIVIDEND EQUITY \"SGD\" (SGD) ACC","LU0235996351.USD":"UBS (LUX) KEY SELECTION SICAV - ASIAN EQUITY (USD) \"P\" (USD) ACC","SG9999013478.USD":"利安新加坡股息基金","LU0048597586.USD":"富达亚洲焦点A","LU0577902298.EUR":"FULLERTON LUX FUNDS - ASIA GROWTH & INCOME EQUITIE \"I\" (EUR) ACC","LU0516423174.USD":"FULLERTON LUX FUNDS - ASIA FOCUS EQUITIES \"I\" (USD) ACC","LU0588545730.USD":"EASTSPRING INVESTMENTS ASIAN EQUITY INCOME \"ADM\" (USD) INC","LU0878004406.USD":"UBS (LUX) KEY SELEC ASIA ALLOCATION OPPORTUNITY (USD) \"P\" (USD) INC","LU0228367735.SGD":"Eastspring Investments - Asian Equity Fund AS SGD","LU0261945553.USD":"FIDELITY ASEAN \"A\" ACC","Z74.SI":"新电信","LU0955669360.SGD":"Schroder ISF Asian Dividend Maximiser A Dis SGD","LU0315178854.USD":"EASTSPRING INVESTMENTS ASIAN EQUITY INCOME \"A\" ACC","SG9999000343.SGD":"Schroder Singapore Trust A Dis SGD","SG9999002406.SGD":"利安新加坡信托基金","LU0831103253.SGD":"JPMorgan Funds - Asia Pacific Income A (mth) SGD","LU0264606111.USD":"Janus Henderson Horizon Asian Dividend Income A2 USD","LU0577902538.SGD":"Fullerton Lux Funds - Asia Growth and Income Equities A Acc SGD","LU0831093199.SGD":"HSBC GIF MANAGED SOLUTIONS ASIA FOCUSED INCOME \"AM3\" (SGDHDG) INC","LU0414403682.SGD":"Blackrock Asia Pacific Equity Income A5 SGD-H","SG9999001135.SGD":"United ASEAN Fund SGD","SG9999000475.SGD":"Aberdeen Standard Singapore Equity SGD","LU0762541174.USD":"HSBC GIF MANAGED SOLUTIONS ASIA FOCUSED INCOME \"AM2\" (USD) INC","LU0163747925.USD":"EASTSPRING INVESTMENTS ASIAN EQUITY A ACC","SG9999002604.SGD":"LionGlobal Singapore/Malaysia SGD","SG9999016042.SGD":"Schroder Singapore Trust A Acc SGD","LU2264538146.SGD":"Fullerton Lux Funds - Global Absolute Alpha A Acc SGD","LU0762540952.USD":"HSBC GIF MANAGED SOLUTIONS ASIA FOCUSED INCOME \"AC\" (USD) ACC","SG9999008742.SGD":"Eastspring Investments Unit Trusts - Singapore ASEAN Equity SGD","LU0630378692.HKD":"HSBC GIF ASIA PACIFIC EX JAPAN EQ HD \"AM2\" (HKD) INC","LU0577902454.USD":"FULLERTON LUX FUNDS - ASIA GROWTH & INCOME EQUITIE \"I\" (USD) ACC","SG9999002679.SGD":"LionGlobal Singapore Balanced SGD","LU0197773160.USD":"HSBC GIF ASIA PACIF EX JAPAN EQ HD \"AC\" ACC","LU0516422952.EUR":"FULLERTON LUX FUNDS - ASIA FOCUS EQUITIES \"I\" (EUR) ACC"},"translate_title":"新加坡电信有望继续提高股东回报","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"Z74.SI":1},"content_text":"Singtel is on track to continue to drive shareholder returns, UOB Kay Hian analysts write in a note. Singtel's S$10 billion value-unlocking initiatives, including paring down stakes in regional associates and non-core fixed assets, have progressed steadily, and should now have S$12 billion-S$13 billion in monetizable assets that could be returned to shareholders, they estimate. Singtel's return on invested capital continues to improve, driven by improved profitability from its core businesses, improved operational performance and strong revenue growth from its tech services and data center businesses, they add. The analysts predict Singtel to post higher revenue and underlying net profit for 3Q, driven by increased contributions from its Australian subsidiary, Optus. UOB KH retains a buy rating with a target price of S$3.58.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}