New Street: SingTel (Buy, TP: S$4.4, +84%) How & why we think the stock will (nearly) double. Price target to S$ 4.4 from S$ 4.1
Having spent 3 days with SingTel management in London we are bullish, with positive messaging on Australian turnaround, NCS growth and a much stronger ROIC focus than in the past. This note in a single slide shows how and why we think SingTel is a (near) double over the next 3 years, and as a bonus includes our new favourite single stock chart. Price target to S$ 4.4 from S$ 4.1. Recommendation remains Buy.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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- Pan European Telecom Services and Cable
- US Telecoms, Cable, Satellite and Towers
- Global Emerging Market Telecoms
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- Pan European Telecom Services and Cable
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