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Brokers' take

Singapore Telecommunications | Hold (Downgrade)

Aug 19 close: S$4.19

Target price: S$4.41

Maybank Kim Eng, Aug 18

Singtel is proposing to buy 21 per cent of Intouch and 7.39 per cent of Bharti Telecom (BTL) from Temasek for S$2.47 billion.

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