Singtel stock recovers by 25% from decade low: Maybank | Singapore Business Review - The Latest News, Headlines, Insight, Commentary & Analysis
,Singapore
11 views

Singtel stock recovers by 25% from decade low: Maybank

Recovery was underpinned by associate companies.

Singtel’s stock has recovered by 25% from its decade low, Maybank Kim Eng reported.

Maybank said the recovery was underpinned by associate companies. With the Indian telco undergoing a structural shift, associate companies like Bharti are benefiting from a surge in data usage whilst gaining more market share from 2G to 4G conversion as 4G subscriber additions at 14.4m QoQ was higher than Reliance Jio's 7.3m in 2Q.

They calculate associate income may contribute to the bottomline by growing 27% over the same period, led by Bharti.

Maybank also predicts that Singtel will have a compound annual growth rate of 5.9% over FY21 to FY23 on earnings recovery from the pandemic.

However, RHB Group said competition will still remain fierce in 2021 because of progressive recovery in mobile-related revenues and pick-up in economic activities.

Last year, Singapore rolled out its plans for 5G in the country with Singtel as one of the telcos announced by The Infocomm Media Development Authority winners for 5G Call for Proposal.

RHB also said it does not see 5G as a game-changer, with key risks such as competition and monetisation of 5G services.
 

Get Singapore Business Review - The Latest News, Headlines, Insight, Commentary & Analysis in your inbox
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

And SG, US affirm American presence in Southeast Asia as “vital.”
This chart from the inaugural Independent Reserve Cryptocurrency Index shows that more than 50% of Singaporeans believe Bitcoin’s value will increase past $50,000 in 2030.
This included one-off partial distribution of divestment gains of S$20m.
This is attributed to the lower rental reliefs to retail tenants at Festival Walk and higher average occupancy from IXINAL Monzen-nakacho Building.
The Tripartite Committee on Workplace Fairness targets to complete its work by H1 2022.
A total of 811 condos were sold in the last quarter, the highest since Q4 2010.
The SMAs are focused on global infrastructure projects.
The company said their income was driven by its latest acquisitions.
The Jobs Support Scheme has been extended to 18 August.
The bank is now allowing small- and medium-sized enterprises to avail the loan digitally.
Inflation for all items meanwhile remained unchanged at 2.4% YoY.
SMEs that qualify for the UOB Start digital pack will be offered six months of free access.
This was supported by grants extended by the government, such as the Jobs Support Scheme.
The group’s profits after tax ballooned by as much as 138.4%.