Brokers' take
SingTel > Buy OCBC Investment Research, Aug 10 Fair value: S$4.08 Aug 10 close: S$3.14
OPERATING revenue dipped 0.5 per cent year-on-year (YOY) to S$4.1 billion, but was up two per cent in constant currency terms. The group's Singapore consumer business saw revenue grow 1.7 per cent YOY, but this was mainly due to better home service revenue.
Group enterprise revenue fell 3 per cent YOY on the back of continued declines in the carriage business as well as the completion of a major infrastructure project in Q12018.
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