SingTel Singapore Pte. Ltd. provides investment holding and business and management consultancy services. The company was incorporated in 2010 and is based in Singapore. SingTel Singapore Pte. Ltd. operates as a subsidiary of Singapore Telecommunications Ltd.
The company is one of the largest telecommunication company in Singapore undervalued stock segment.
According to DBS Group Equity Research report, Singtel’s rising associate’s contributions are likely to drive its share price with a fixed dividend commitment of $0.175 over FY19-20F and 5.5% yield.
The associates’ profit contribution is likely to bottom out in Q1 for 2019. DBS analyst said, associates’ profit contribution is expected to grow after a two-year decline which will be led by Indonesian network provider Telkomsel, Thai mobile operator AIS and Philippine telco Globe amidst delays in India-based Bharti Telecom’s recovery.
Contributions from Telkomsel are likely to slide between Q4 and Q1 in 2019 as the Indonesian telco grapples with the loss of subscribers and industry competition in the first half of 2018.
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