DBS upgrades Singtel to 'buy' after associate Bharti Airtel announces imminent tariff hikes
Its equity research estimates a 10 per cent increase at Bharti may contribute additional 3% earnings to Singtel
Add BT as a preferred sourceNg Ren Jye
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
DBS Equity Research has upgraded Singtel to a "buy" from "hold", with a target price of S$3.60 after India's top three telecom players announced tariff hikes to end a bruising price war that was getting out of hand.
The development is seen as positive for Bharti Airtel, a Singtel associate.
Copyright SPH Media. All rights reserved.
TRENDING NOW
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
Higher costs, lower returns: Why are Singaporeans still betting on real estate?
South-east Asian markets account for 8.8% of global capital inflows from 2021 to 2024: report
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
