Stock Name: SingTel
Company Name: SINGTEL
Company Name: SINGTEL
| Research House: OCBC | Price Call: BUY | Target Price: 4.08 |
SINGAPORE (Oct 23): OCBC Investment Research has upgraded SingTel to "buy" with a target price of $4.08 on valuations ground and continued progress with its Digital Life strategy.
OCBC says SingTel's share price has fallen some 7% to hit a recent $3.64 low since it downgraded its call to "hold" on 14 Aug.
The fall was mainly due to the overall weaker market, with SingTel being the largest market cap stock listed here, OCBC says in a report on Oct 23.
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