Singtel kept at 'buy' with $4.39 target price by UOB KayHian

Stock Name: SingTel
Company Name: SINGTEL

Research House: UOB KayHian

Price Call: BUY

Target Price: 4.39

SINGAPORE (Feb 3): UOB KayHian is maintaining its "buy" call on Singtel with a higher target price of $4.39 from $4.32 previously.

In a report out today, analyst Jonathan Koh says the easing strength of the Singapore dollar should have a positive impact on earnings from overseas markets.

Koh also believes Singtel deserves to trade at a premium due to its diversified earnings base and geographical footprint.

In the past, SingTel has usually suffered from the depreciation of regional currencies against the Singdollar.