UOB Kay Hian analyst Lee Len Chong maintained a Buy rating on Singtel (SNGNF – Research Report) on March 3 and set a price target of S$3.15. The company’s shares closed last Tuesday at $1.83.
According to TipRanks, Len Chong is ranked #5529 out of 8303 analysts.
Singtel has an analyst consensus of Strong Buy, with a price target consensus of $2.28, implying a 24.59% upside from current levels. In a report released on February 20, Phillip Securities also maintained a Buy rating on the stock with a S$2.84 price target.
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Based on Singtel’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $0. In comparison, last year the company earned a revenue of $3.9 billion and had a net profit of $574.4 million
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Singapore Telecommunications Ltd. is an investment holding company, which engages in the provision of telecommunications systems and services. It operates through the following segments: Group Consumer, Group Enterprise, Group Digital Life, and Corporate. The Group Consumer segment includes mobile, pay TV, fixed broadband and voice, as well as equipment sales. The Group Enterprise segment provides services include mobile, equipment sales, fixed voice and data, managed services, cloud computing, cyber security, information technology, and professional consulting. The Group Digital Life segment focuses on digital marketing, regional premium over-the-top video, and advanced analytics and intelligence capabilities. The Corporate segment comprises the costs of Group functions not allocated to the business segments.The company was founded on March 28, 1992 and is headquartered in Singapore.
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