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...