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Brokers' take
Published Tue, Jul 12, 2016 · 09:50 PM
Singtel | Hold (Downgrade) Target price: S$4.29 July 12 close: S$4.31 OCBC Investment Research, July 12
Following the increased volatility in the global markets after the Brexit vote, interest rates have tumbled; 3-month Sibor eased to 0.9375 per cent recently, versus a peak of 1.25 per cent this year.
And with the risk-free rate also down sharply (currently around 1.65 per cent), our discounted c…
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