Analysts raise Singtel price target as its shares soar; optimistic on data centre boost
The telco’s share buyback programme is set to be ‘accretive’
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
[SINGAPORE] Analysts are bullish on Singtel as the telco’s shares soared last week after it reported earnings that showed it returned to profitability for its second half ended March.
On Thursday (May 22), the group posted S$2.8 billion net profit, reversing from a S$1.3 billion loss for the year-ago period, as it proposed a S$0.10 per share final dividend and unveiled its maiden S$2 billion share buyback programme.
The telco’s shares has been doing well this year. They soared to a five-year high of S$3.99 on May 22. The stock was also one of the top performing Singapore stocks for the first quarter of 2025. Its shares closed at S$3.88 on Friday.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival
Near sell-out launches in March boost developer sales to 1,300 units after four slow months
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Genting Singapore’s Lim Kok Thay receives S$7.5 million pay package for FY2025
