Sunday, 1 October 2023

Business News

CGS-CIMB Remains a Buy on Singtel (SNGNF) – TipRanks Financial Blog

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In a report released yesterday, Kenneth TAN from CGS-CIMB reiterated a Buy rating on Singtel (SNGNFResearch Report), with a price target of S$2.80. The company’s shares closed last Tuesday at $1.68.

According to TipRanks, TAN is a 2-star analyst with an average return of -1.1% and a 44.44% success rate.

Singtel has an analyst consensus of Strong Buy, with a price target consensus of $2.14, representing a 27.38% upside. In a report released on September 15, DBS also maintained a Buy rating on the stock with a S$3.18 price target.

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The company has a one-year high of $2.06 and a one-year low of $1.65. Currently, Singtel has an average volume of 3,862.

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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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