$SingTel(Z74.SI)

'SINGAPORE (Nov 18): Singapore Telecommunications saw a slight drop in revenues for 2QFY2020, but recorded a loss of $668 million, as it made provision for a huge fine levied on the entire India mobile industry by its regulator.

Bharti Airtel, Singtel’s associate in India, was slapped with a fine of US$3 billion ($5.5 billion). This is slightly less than Vodafone’s Indian unit, which was fined US$4 billion. The fine was for the telcos' long-running dispute with India's Department of Telecommunications over the definition of “adjusted gross revenue”.'

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$UOB Kay Hian(U10.SI) $SingTel(Z74.SI)

'SINGAPORE (Dec 9): UOB Kay Hian is maintaining its “hold” call on Singtel, with a target price of $3.32, indicating that stock trades at above its 5-year EV/EBITDA mean of 13.6x. 

On the whole, the brokerage appears to have a “cautiously optimistic” stance on Singtel, even as the group fights to defend its consumer and enterprise markets. '

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1.58 K

$SingTel(Z74.SI)

'SINGAPORE (Dec 4): Maybank Kim Eng Research is raising its target price for Singapore Telecommunications by 8% to $3.72, after its Indian associate Bharti Airtel announced tariff increases.

“A return of pricing power to India’s market is a key positive for one of Singtel’s major businesses,” says analyst Luis Hilado in a Dec 2 report. “This leaves the Singapore wireless market as its remaining major overhang.”'

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$SingTel(Z74.SI)

'SINGAPORE (Nov 28): Singapore Telecommunications is in talks with companies including Grab Holdings Inc to jointly bid for a digital banking licence in the city-state, according to people familiar with the matter.

See: Grab eyes Singapore banking licence as regulator studies virtual banks'

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2.62 K

$DBS(D05.SI) $SingTel(Z74.SI)

'SINGAPORE (Nov 22): DBS Group Research is upgrading Singapore Telecommunications (Singtel) to “buy” and raising its target price by 15.4% to $3.60, on the back of earlier-than-expected tariff hikes in India.

In a report on Nov 22, DBS analyst Sachin Mittal notes that the group’s India associate, Bharti Airtel, which dragged Singtel to its first-ever quarterly earnings loss in 2QFY2020 ended September, has announced plans to raise tariffs from December 2019 onwards.'

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3.84 K

$SingTel(Z74.SI)

'SINGAPORE (Nov 19): Analysts are divided in their views on Singapore Telecommunications, after the telco sank to its first-ever quarterly loss.

For 2QFY2020 ending Sept 30, Singtel posted a loss of $668 million, on the back of its share of Bharti Airtel’s provision for license and spectrum fees.'

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