Singapore Telecommunications Ltd
Z74: XSES (SGP)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
SGD 8.50 | Msvlmv | Mqpbznwc |
Singtel’s Q3 In Line, With Some Positive Signs From Australia and Singapore Mobile
We increase our fair value estimate for narrow-moat Singtel to SGD 2.74 from SGD 2.70 previously following the release of an in-line third-quarter fiscal 2022 result (quarter ending December 2021) update. This was mainly due to currency and associate share price updates rather than any changes to assumptions for the core businesses in Australia and Singapore.