Singtel kept at 'hold' with price target of $4.50 by Maybank Kim Eng

Stock Name: SingTel
Company Name: SINGTEL

Research House: Maybank Kim Eng

Price Call: HOLD

Target Price: 4.50

SINGAPORE (June 11): At its annual Investor Day on June 3, Singtel outlined plans for the entire group to aggressively pursue data growth.

The group has also taken to heart the digital initiatives of Group Digital Life and has launched products that leverage Singtel's investments.

In Singapore, the telco intends to develop its data business further by drawing more home and mobile customers towards fibre and tiered data plans.

At 71% and 61% penetration respectively, it believes there is room for growth.