TPG Set to Rain on SingTel’s Parade in Both Australia and Singapore
We retain our fair value estimate of SGD 3.50 per share following the release of in-line results and with lowered medium-term forecasts for Optus due to TPG’s impending launch of a mobile network in Australia, offset by improved contributions from associates, particularly in Indonesia and Philippines. SingTel’s fiscal 2017 result (year ended March 2017) was within our expectations, with revenue declining by 1.5%, EBITDA down by 0.3%, and underlying net profit up 2.9%. The fourth quarter saw reve...Singapore Telecommunications is engaged in the operation and provision of telecommunications systems and services, and investment holding. Co. provides a range of multimedia and Information and communications technology solutions, including voice, data and video services over fixed and wireless platforms. Within both Singapore and Australia, Co. provides mobile communications, data and Internet, national telephone, information technology and engineering, sale of equipment, international telephone and pay television. Co.'s key businesses include: Group Consumer, Group Digital L!fe, and Group Information and communications technology.
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