, Singapore

Tighter competition couldn't hurt Singtel's Singapore and Australia operations: Moody's

But it could face risks if its leverage metrics sustain weakness.

Singtel could sustain its stability as its Singapore and Australia operations fared well despite tight competition, Moody’s Investors service said. The firm’s outlook could also be bolstered by continued stable leverage and good liquidity.

Moreover, Moody’s thinks that Singtel's fundamental credit strength could be uplifted if overall profitability improves, paired with an absolute reduction in borrowings.

However, Singtel could face risks if its leverage metrics continue to weaken, Moody’s noted.

“Downward pressure could also result if the company undertakes further material capital returns in the near term, especially in conjunction with a cash/debt-funded acquisition,” they added.

In addition, industry developments that materially undermine Singtel's relationship with the government could also exert risks for the telco firm.

Also readSingtel Q1 profits down 6.55% to $831.5m

In Q1, Singtel’s profits fell by 6.55% to $831.5m from $889.8m in the same period last year whilst revenue inched down by 0.5% YoY to $4.13b from $4.16b.
 

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!

Get Singapore Business Review in your inbox
They failed to properly monitor individuals onboarded as advisors, directors.
Chua spent 18 years with UBS Wealth Management prior to his new role.
Private-sector economists polled by the Monetary Authority of Singapore expect higher growth, faster inflation in 2021.
The leading F&B establishment operator expands its retail line of condiments and flavourings.
This deepens SGX’s partnership with Nikkei Inc.
These three stocks saw significant growth in trading turnover year-to-date.
The project with a 280-bed capacity is expected to operate by 2022.
Singapore Airport Terminal Services saw the sharpest decline during Monday's trading, with a 1.21% drop.
And the G-7 states demand a probe on the origins of the COVID-19 pandemic.
Approximately 35% of MSEs in the F&B and retail sectors saw their earnings drop by more than half during the Phase 2 Heightened Alert period, according to a DBS survey.
Enterprise Singapore extends the programme that supports food and beverage businesses in providing food delivery services.
The Baht 40b debentures were 1.52 times oversubscribed.
The fund was announced at the inaugural CapitaLand Sustainability X Challenge.
Mapletree Logistics Trust saw the sharpest decline during Friday's trading, with a 0.99% drop.
This may be one of the last times the troubled water treatment firm could meet with securities holders before shutting down.