Analysts sound positive note on Singtel, with 5G and travel expected to boost ARPU
They think company is in good position to see profit improvements for rest of financial year
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ANALYSTS remained positive on Singtel as the telco looks set to see a boost to its average revenue per user (ARPU) on the back of 5G take-up and the gradual lifting of travel curbs.
The analysts' reports on Thursday and Friday come after the company posted a net profit of S$445 million in a business update for the first quarter ended June 30, reversing a loss of S$20 million a year ago.
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