SingTel upgraded to "accumulate" with $4.12 price target by Philip Capital

Stock Name: SingTel
Company Name: SINGTEL

Research House: Phillip Securities

Price Call: BUY

Target Price: 4.12

SINGAPORE (Nov 13): PhilipCapital has upgraded Singtel to "accumulate" with a target price of $4.12 on a strong set of financial results in the second quarter for the financial year ending 2015 (2QFY15).

In a note today, analyst Colin Tan said that SingTel's strong gains of 10.8% in underlying net profit at $979 million was boosted by revenue gain across its consumer and enterprise segments and a turnaround in Australian subsidiary, Optus.