Brokers' take
Singtel | Buy Target price: Under review Feb 11 close: S$3.54 OCBC Investment Research, Feb 11
Singtel is due to post its Q3 FY2016 results on Feb 12 before market opens. We are expecting revenue to come in around S$4.4 billion, supported by still-strong handset sales and underlying net profit of S$945 million.
Notwithstanding the weaker Australian dollar, we believe that Optus could be the bright spot in the coming year as it continues to improve its business efficiency.
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