Singapore Stock Market News

SingTel - Building growth momentum

StockFanatic
Publish date: Thu, 13 Nov 2014, 05:39 PM
StockFanatic
0 10,452
Welcome to Stockfanatic Singapore stock market and regional market news. This is a platform to share Singapore stock market and regional news to investors / man in the street. Investors can also look forward to analyst reports and brokers recommendations. Stockfanatic's Singapore stock market and regional news blog, home of investors one stop news station.
Following SingTel's 2QFY15 results conference call, we continue to believe its Australian business is now on a firmer footing and set for stronger growth in FY16-17. Associate earnings should continue growing as currencies stabilise. Singapore profits will be dragged down by pressure in the enterprise business as well as wider Digital Life losses. We trim our FY15-17 EPS forecasts by 1.6-2.0% to take into account SingTel's revised guidance for Digital Life losses of S$200m-250m this year.

However, we raise our SOP-based target price by 10 Scts to S$4.25 after updating our valuation for higher target prices for Bharti, AIS and SPOST. SingTel remains an Add, with continued earnings recovery as a potential catalyst.
Read more »
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment