Singtel | Neutral
Target price: S$4.00
May 18 close: S$3.76
RHB Research Institute, May 18
SINGTEL released its Q4 FY17 results on Thursday morning. FY17 core earnings formed 98 per cent and 100 per cent of our and consensus estimates respectively, in line with management's guidance. Key highlight was the weaker associate showing (Airtel hit by aggressive competition) that offset the growth in mobile data, ICT and digital revenues. An expected final dividend per share (DPS) of 10.7 cents/share (payable...