Singapore Telecommunications Ltd
Z74: XSES (SGP)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
SGD 9.80 | Pnyqzn | Pkdkjvtp |
Singtel’s Associates Show Some Positive Signs Despite Unhelpful AUD Weakness; FVE Down to SGD 2.62
Although we are broadly maintaining our earnings forecasts following the release of in line third-quarter fiscal 2023 (quarter-ending December 2022) results, we decrease our fair value estimate for narrow-moat Singtel to SGD 2.62 from SGD 2.72 previously, due to the currency updates and lower associate share prices.