Brokers' take

Singtel | Hold

June 11 close: S$4.17

Target price: S$4.50

Maybank Kim Eng, June 11

TWO things stood out from Singtel's annual Investor Day. One, the entire group is aggressively pursuing data growth. Two, the group has taken to heart the digital initiatives of Group Digital Life and has launched products that leverage Singtel's investments.

Singtel intends to develop its data business further by drawing more home and mobile customers towards fibre and tiered data plans. At 71 per cent and 61 per cent penetration respectively, it believes there is room for growth. …