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Singtel's regional associates remain good value despite setbacks

Maybank Kim Eng analyst Neerav Dalal, who covers Bharti Airtel, expects the Indian telco's losses to continue for a while but believes it should return to the black in FY2022.


MAINBOARD-LISTED telco Singtel, which posts its third-quarter results on Thursday, used to rake in comfortable contributions from its associates, but has taken a beating in recent years as India's Bharti Airtel and Indonesia's Telkomsel struggled.

To make matters worse,...