In case you missed it:
Singtel (SGX: Z74)Β has recently published its 1Q 2024 financial report. In this article, we will deep dive into its performances.
π’ Market cap:Β $51.7B
π₯ Dividend yield:Β 4.8%
π Price to book:Β 2.16
π°Β Price to earnings:Β 17.26
πΈ Return on Equity:Β 5.95%
π’Β EPS 5Y Growth:Β -24%
π DPU 5Y Growth:Β -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...