Stock Name: SingTel
Company Name: SINGTEL
Research House: Deutsche Bank
“Given the current stub valuation and the fact that the stock is trading at par to its current NAV, we expect SingTel to remain rangebound and maintain our Hold rating.”
Company Name: SINGTEL
Research House: Deutsche Bank
SingTel’s (Z74.SG) fiscal 3Q net profit is likely down 9% at $901 million, dragged by contributions from associates and margin pressure in Singapore, Deutsche Bank says, but the house maintains its Hold rating with a SOTP target price of $3.31.
“Given the current stub valuation and the fact that the stock is trading at par to its current NAV, we expect SingTel to remain rangebound and maintain our Hold rating.”
A Dow Jones poll tips SingTel’s 3Q net profit is likely down 8.7% at $905 million; the company is due to report earnings before markets open tomorrow.
The stock is last down 1% at $3.09.
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