Singtel has weathered the storm, analysts say

Singapore

THE 16-year low in Singtel's earnings was likely the rock bottom, analysts said on Wednesday, as they expect recovery - and relief - in regional markets.

The group's telco associates have weighed down its bottom line of late, led by losses from India's Bharti Airtel. The share of pre-tax earnings at regional associates fell to S$1.42 billion for the full year, down by 38.2 per cent on S$2.3 billion in the year prior.