Shares & Derivatives
Is Singtel A Good Buy Now?
By Wealth Insights  •  September 14, 2024
In case you missed it: Singtel (SGX: Z74) has recently published its 1Q 2024 financial report. In this article, we will deep dive into its performances. 🏢 Market cap: $51.7B 🔥 Dividend yield: 4.8% 📒 Price to book: 2.16 💰 Price to earnings: 17.26 💸 Return on Equity: 5.95% 📢 EPS 5Y Growth: -24% 🔎 DPU 5Y Growth: -3% Technical Wise Singtel has recently broken new high. Technically, we think it is currently overstretched. We will prefer to wait for the a consolidation or correction for better entry. Financial Highlights At the group level, Singtel's momentum appears steady. The management team emphasized a more optimistic outlook for its Digital Infraco segment, which is poised for significant growth. While Bharti, its Indian associate, is expected to maintain a strong performance, there are concerns surrounding Telkomsel's growth revival and potential penalties for Optus related to a...
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By Wealth Insights
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