TPG Sets Its Sights on SingTel’s Home Markets, but FVE up to SGD 3.65 on Associates and Currency
We increase our fair value estimate for SingTel to SGD 3.65 per share from SGD 3.50 per share following the release of in-line results that stemmed from improved contributions from associates and a stronger Australian dollar boosting Optus’ contribution. SingTel’s first-quarter 2018 (quarter ended June 2017) results were within our expectations, with revenue increasing by 8.3%, EBITDA up by 2.7%, and underlying net profit declining by 5.9%. We retain our narrow moat rating for the company. Our f...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.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.