Singapore Stock Market News
SingTel - BPL status quo
StockFanatic
Publish date: Wed, 11 Nov 2015, 02:06 PM
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■ As expected, SingTel has successfully retained the BPL broadcasting rights for the Aug 2016-19 seasons.
■ BPL rights possibly secured on exclusive basis, similar to current situation. While cost may have further increased, the impact on net profit should be minimal.
■ Maintain Add with unchanged SOP-based target price of S$4.30. Yield: 4.5-5.0%.
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