CGS-CIMB analyst Choong Chen Foong maintained a Buy rating on Singtel (SNGNF – Research Report) yesterday and set a price target of S$3.00. The company’s shares closed last Tuesday at $1.88.
According to TipRanks, Chen Foong is a 2-star analyst with an average return of 1.0% and a 42.86% success rate.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Singtel with a $2.28 average price target, a 21.28% upside from current levels. In a report released on April 4, UOB Kay Hian also maintained a Buy rating on the stock with a S$3.15 price target.
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SNGNF market cap is currently $31.26B and has a P/E ratio of 19.74.
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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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