Declared Dividend • 8h
Final dividend increased to S$0.10 Dividend of S$0.10 is 3.0% higher than last year. Ex-date: 31st July 2026 Payment date: 19th August 2026 Dividend yield will be 4.0%, which is lower than the industry average of 4.7%. Sustainability & Growth Dividend is covered by earnings (54% earnings payout ratio) but not covered by cash flows (131% cash payout ratio). The dividend has increased over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 31% over the next 3 years. However, it would need to fall by 40% to increase the payout ratio to a potentially unsustainable range. Live News • May 22
Singtel Shares Fall After Profit Decline And Management Flags Increased Costs For 2027 Singtel shares declined after the company reported a 21% fall in profit and weaker earnings in the second half of the financial year.
Management highlighted softer contributions from associates and joint ventures as a key drag on second-half results.
The company flagged a cautious outlook for the 2027 financial year, citing slower expected EBIT growth and higher regulatory and remediation costs at Singtel Optus, along with pressures from geopolitical tensions, currency volatility, rising energy prices and inflation.
The combination of weaker second-half performance and a cautious 2027 outlook points to a tougher operating backdrop, with both external cost pressures and internal regulatory issues weighing on expectations.
Investors may want to focus on how Singtel manages cost control, regulatory remediation at Optus and earnings contributions from associates, as these areas could have an outsized impact on cash flows and capital allocation decisions. Reported Earnings • May 21
Full year 2026 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2026 results: EPS: S$0.34 (up from S$0.24 in FY 2025). Revenue: S$14.3b (flat on FY 2025). Net income: S$5.61b (up 40% from FY 2025). Profit margin: 39% (up from 28% in FY 2025). Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) exceeded analyst estimates by 28%. Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Telecom industry in Asia. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Announcement • May 07
Singapore Telecommunications Limited to Report Second Half, 2026 Results on May 21, 2026 Singapore Telecommunications Limited announced that they will report second half, 2026 results on May 21, 2026 Reported Earnings • Feb 12
Third quarter 2026 earnings released Third quarter 2026 results: Revenue: S$3.66b (flat on 3Q 2025). Net income: S$1.89b (up 43% from 3Q 2025). Profit margin: 52% (up from 36% in 3Q 2025). Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Telecom industry in Asia. Announcement • Feb 02
KKR-Led Group Reportedly Set to Buy Singapore Data-Centre Firm Valued At over $10 Billion A KKR & Co. Inc. (NYSE:KKR) led consortium is nearing a deal to buy ST Telemedia Global Data Centres (STT GDC Pte. Ltd.), which would value the company at more than SGD 13 billion ($10.22 billion), the Wall Street Journal reported on January 31, 2025, citing people familiar with the matter. The investment firm will acquire the Singapore-based global data centre provider from its parent company, the report said, adding that KKR is making the acquisition together with Singaporean telecommunications giant Singtel (Singapore Telecommunications Limited (SGX:Z74)). Reuters could not immediately verify the report. KKR declined to comment on the report, while ST Telemedia Global Data Centres, ST Telemedia, and Singtel did not immediately respond to Reuters' request for comment outside regular business hours. Announcement • Jan 01
Singapore Telecommunications Limited Announces Appointment of Lim Li Ching as Company Secretary with Effect from 1 January 2026 Singapore Telecommunications Limited announced that Ms. Lim Li Ching has been appointed as Company Secretary with effect from 1 January 2026. Board Change • Dec 29
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 10 experienced directors. 2 highly experienced directors. Non-Executive Independent Director Ying-I Yong was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Announcement • Nov 12
Singapore Telecommunications Limited Announces Interim Ordinary Dividend for the Half Year Ended 30 September 2025, Payable on 9 December 2025 On 12 November 2025, Singapore Telecommunications Limited announced an interim ordinary dividend of 8.2 cents per share in the capital of the Company for the half year ended 30 September 2025. This comprises: (i) a Core Dividend of 6.4 cents per Share; and (ii) a Value Realisation Dividend of 1.8 cents per Share. the Transfer Book and Register of Members of the Company will be closed on 24 November 2025 for the preparation of dividend warrants. Duly completed registrable transfers of the ordinary shares in the capital of the Company received by the Company's Share Registrar, Boardroom Corporate & Advisory Services Pte Ltd, 1 Harbourfront Avenue, #14-07, Keppel Bay Tower, Singapore 098632 up to 5.00 p.m. (Singapore time) on 21 November 2025 will be registered to determine members' entitlements to the proposed dividend comprising the Core Dividend and VRD. Members whose Securities Accounts with The Central Depository (Pte) Limited are credited with Shares at 5.00 p.m. (Singapore time) on 21 November 2025 will be entitled to the proposed dividend comprising the Core Dividend and VRD. Payment of the dividend will be made on 9 December 2025. Announcement • Nov 08
Singtel Confirms Talks over Singapore Data Centre Provider Singtel (Singapore Telecommunications Limited (SGX:Z74)) confirmed that it is in talks over ST Telemedia Global Data Centres (STT DGC), following media reports that the telco and private equity firm KKR & Co. Inc. (NYSE:KKR) are in advanced discussions to acquire about 80% of the data centre operator. "Singtel, as part of a consortium, is having ongoing discussions in relation to STT GDC," the telco said in a filing with the Singapore Exchange on Nov. 7, before the stock market opened. "There is no certainty that such discussions will lead to any definitive or binding agreement," Singtel said, adding that it regularly explores and reviews business opportunities, projects and proposals. Singtel said it will make an announcement if and when there are any material developments that warrant disclosure, and that investors should exercise caution in their review of any media reports relating to potential transactions ahead of any definitive announcement. KKR declined to comment in response to queries from The Straits Times. Announcement • Oct 29
Singapore Telecommunications Limited to Report First Half, 2026 Results on Nov 12, 2025 Singapore Telecommunications Limited announced that they will report first half, 2026 results on Nov 12, 2025 Announcement • Aug 29
Singapore Telecommunications Limited Approves Final Dividend for the Financial Year Ended March 31, 2025 Singapore Telecommunications Limited in its AGM held on July 29, 2025 approved to declare a final dividend of 10.0 cents per share for the financial year ended 31 March 2025 as recommended by the Directors. The final dividend consisted of (a) a core dividend of 6.7 cents per share, and (b) a value realization dividend of 3.3 cents per share. Reported Earnings • Aug 13
First quarter 2026 earnings released First quarter 2026 results: EPS: S$0.17. Revenue: S$3.39b (flat on 1Q 2025). Net income: S$2.88b (up 318% from 1Q 2025). Profit margin: 85% (up from 20% in 1Q 2025). Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Telecom industry in Asia. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jul 24
Upcoming dividend of S$0.10 per share Eligible shareholders must have bought the stock before 31 July 2025. Payment date: 19 August 2025. Payout ratio is a comfortable 70% but the company is paying out more than the cash it is generating. Trailing yield: 4.1%. Lower than top quartile of Singaporean dividend payers (5.5%). Lower than average of industry peers (4.9%). Reported Earnings • Jul 01
Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2025 results: EPS: S$0.24 (up from S$0.048 in FY 2024). Revenue: S$14.1b (flat on FY 2024). Net income: S$4.02b (up 405% from FY 2024). Profit margin: 28% (up from 5.6% in FY 2024). Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) exceeded analyst estimates by 46%. Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Telecom industry in Asia. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jun 30
Singapore Telecommunications Limited, Annual General Meeting, Jul 29, 2025 Singapore Telecommunications Limited, Annual General Meeting, Jul 29, 2025, at 10:00 Singapore Standard Time. Location: cassia main ballroom, level 3, sands expo & convention center, 10 bayfront avenue, singapore 018956, Singapore Declared Dividend • May 24
Final dividend increased to S$0.10 Dividend of S$0.10 is 27% higher than last year. Ex-date: 31st July 2025 Payment date: 19th August 2025 Dividend yield will be 4.9%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (70% earnings payout ratio) but not covered by cash flows (dividend approximately 7x free cash flows). The dividend has increased over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 11% over the next 3 years. However, it would need to fall by 22% to increase the payout ratio to a potentially unsustainable range. Reported Earnings • May 23
Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2025 results: EPS: S$0.24 (up from S$0.048 in FY 2024). Revenue: S$14.1b (flat on FY 2024). Net income: S$4.02b (up 405% from FY 2024). Profit margin: 28% (up from 5.6% in FY 2024). Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) exceeded analyst estimates by 46%. Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Telecom industry in Asia. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 18
Singtel Likely to Sell Stake in Bharti Airtel Via Block Deal Singapore Telecommunications Limited (SGX:Z74) (Singtel) is likely to sell nearly 5 crore shares in Indian telecom major Bharti Airtel Limited (BSE:532454) via block deals with the deal size estimated at INR 85.00 billion ($1 billion). The floor price is likely set at INR 1,800 per share which is a 3.6% discount from the current market price, CNBC-TV18 reported, citing sources. Singtel currently owns 9.49% stake representing over 57.82 crore shares in Bharti Airtel via its arm Pastel Ltd. Announcement • Apr 25
Singapore Telecommunications Limited to Report Fiscal Year 2025 Results on May 22, 2025 Singapore Telecommunications Limited announced that they will report fiscal year 2025 results on May 22, 2025 Reported Earnings • Feb 19
Third quarter 2025 earnings released Third quarter 2025 results: Revenue: S$3.63b (up 1.0% from 3Q 2024). Net income: S$1.32b (up 184% from 3Q 2024). Profit margin: 36% (up from 13% in 3Q 2024). Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Telecom industry in Asia. Board Change • Feb 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 11 experienced directors. 1 highly experienced director. Independent Non-Executive Director & Member of Optus Advisory Committee John Arthur was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Announcement • Nov 22
Singtel Announces Executive Changes, Effective January 1, 2025 SINGTEL'S Singapore deputy chief executive Anna Yip, 54, will relinquish her role to lead the business development function, which will be expanded and renamed International Digital Services. The unit will build new telco-related digital services in the region, strengthen partnerships and enhance synergies between Singtel and its regional associates. Her appointment comes as part of a wider senior management change that is meant to support the new business priorities of Singtel's growth plan. The Singtel28 plan aims to recycle capital towards the company's growth areas and raise dividends. Singtel also appointed veteran Mark Chong as the new group chief corporate officer. Chong, 60, served as deputy chief executive for two years at Advanced Info Services, the telco's Thai regional associate. He has been with Singtel for 27 years and has held various positions over the years, including being the group chief technology officer from 2017 to 2022. He will be succeeding Lim Cheng Cheng, 52, who is leaving the company for a new professional opportunity. She joined Singtel in 2012 as vice-president of group strategic investment and had held key leadership positions, including group chief financial officer. Additionally, the telco's management committee will be expanded to include two new executives. Its current managing director of group finance Gan Siok Hoon will be appointed deputy chief corporate officer. Meanwhile, Sam Liew, chief executive of NCS' government strategic business group, will be appointed to Singtel's management committee. Prior to joining NCS -- a subsidiary of the telco -- in 2021, Liew served as managing director of the technology group at sovereign wealth fund GIC. He was also previously the managing director of Accenture's Asean technology division. Last, Stephen Rue, chief executive officer of Singtel's Australian unit Optus, was also added to the group's management committee. All management changes will take effect on Jan. 1, 2025. Announcement • Nov 19
Plan Afoot for Singtel, Mittals to Equalise Direct Stake in Airtel Singapore Telecommunications Limited (SGX:Z74) (Singtel) and the Mittal family — the promoters of Bharti Airtel Limited (BSE:532454)— are preparing a plan for each of them to hold equal direct stakes in India’s second-largest telecom operator, said a top Singtel executive. Currently, Singtel directly owns 9.5% in Bharti Airtel through its affiliate, Pastel Ltd, while the Sunil Mittal-led promoter family holds a 3.31% direct stake through Indian Continent Investment Ltd. (ICIL), a promoter group entity. “…we will look to equalise our direct stakes over time. (While) we are in no hurry in equalising that stake, we are looking to do that in the medium term,” Arthur Lang, group chief financial officer at Singtel, told analysts during the company’s first half FY25 earnings call on November 13, 2024. Industry executives said the exercise is part of Singtel’s plans to boost shareholder returns and increase returns on invested capital. They added that the Singapore-based carrier has also set in motion a value unlocking strategy to raise funds for other ventures like data centres. Singtel and the Bharti Group did not respond to ET’s queries. Currently, Singtel and the Mittal family effectively own 29.44% and 23.7%, respectively, in Bharti Airtel through a mix of direct and indirect holdings. The indirect holdings are routed through Bharti Telecom Ltd. (BTL) — the main controlling company that owns 40.33% in Airtel. Singtel’s 29.44% effective holding in Airtel comprises a 9.5% direct stake via Pastel and a 19.94% indirect stake through BTL. Likewise, the Mittal family’s 23.7% overall holding in Airtel comprises a 3.31% direct stake via ICIL and a 20.39% indirect stake through BTL. The Mittal family-controlled Bharti Group and Singtel own 50.56% and 49.44% in BTL, respectively. If the direct stakes of both partners equalise at about 6% each and the shareholding structure of BTL and its 40.33% stake in Airtel remains unchanged, the Mittal family could potentially end up with a higher effective shareholding than Singtel in the New Delhi-based telco. Declared Dividend • Nov 15
First half dividend of S$0.089 announced Shareholders will receive a dividend of S$0.089. Ex-date: 20th November 2024 Payment date: 9th December 2024 Dividend yield will be 5.3%, which is higher than the industry average of 4.7%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. The dividend is also not covered by cash flows (224% cash payout ratio). The dividend has increased over the past 10 years. However, payments have been volatile during that time. Announcement • Nov 14
Just In Time Technologies (Private) Limited acquired Lanka Communication Services (Pvt) Limited from Singapore Telecommunications Limited (SGX:Z74), NDB Capital Holdings PLC and Ceylon Guardian Investment Trust PLC (COSE:GUAR.N0000) for approximately LKR 525 million. Just In Time Technologies (Private) Limited acquired Lanka Communication Services (Pvt) Limited from Singapore Telecommunications Limited (SGX:Z74), NDB Capital Holdings PLC and Ceylon Guardian Investment Trust PLC (COSE:GUAR.N0000) for approximately LKR 525 million on November 13, 2024. Approximately LKR 435 million of the total consideration will be paid in cash and the remaining for the settlement of intercompany debt. The aggregate consideration for the Lanka Communication Services (Pvt) Limited was arrived at on a willing buyer, willing-seller basis taking into account the net asset value of Lanka Comm. Upon closing of the transaction, Singapore Telecommunications Limited (SGX:Z74) will cease to hold any equity interest in Lanka Communication Services (Pvt) Limited.
Just In Time Technologies (Private) Limited completed the acquisition of Lanka Communication Services (Pvt) Limited from Singapore Telecommunications Limited (SGX:Z74), NDB Capital Holdings PLC and Ceylon Guardian Investment Trust PLC (COSE:GUAR.N0000) for approximately LKR 525 million on November 13, 2024. Reported Earnings • Nov 13
Second quarter 2025 earnings released Second quarter 2025 results: Revenue: S$3.58b (up 1.1% from 2Q 2024). Net income: S$541.6m (down 67% from 2Q 2024). Profit margin: 15% (down from 47% in 2Q 2024). Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Telecom industry in Asia. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Announcement • Oct 31
Singapore Telecommunications Limited to Report First Half, 2025 Results on Nov 13, 2024 Singapore Telecommunications Limited announced that they will report first half, 2025 results on Nov 13, 2024 Reported Earnings • Aug 15
First quarter 2025 earnings released First quarter 2025 results: Revenue: S$3.41b (down 2.2% from 1Q 2024). Net income: S$690.0m (up 43% from 1Q 2024). Profit margin: 20% (up from 14% in 1Q 2024). Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Telecom industry in Asia. Upcoming Dividend • Jul 25
Upcoming dividend of S$0.079 per share Eligible shareholders must have bought the stock before 01 August 2024. Payment date: 20 August 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 5.0%. Lower than top quartile of Singaporean dividend payers (6.3%). Higher than average of industry peers (4.5%). Announcement • Jul 02
Singapore Telecommunications Limited, Annual General Meeting, Jul 30, 2024 Singapore Telecommunications Limited, Annual General Meeting, Jul 30, 2024, at 10:00 Singapore Standard Time. Location: the cassia main ballroom, level 3, sands expo & convention center, 10 bayfront avenue, singapore 018956, Singapore Declared Dividend • May 25
Final dividend of S$0.079 announced Shareholders will receive a dividend of S$0.079. Ex-date: 1st August 2024 Payment date: 20th August 2024 Dividend yield will be 5.4%, which is higher than the industry average of 4.7%. Sustainability & Growth Dividend is not covered by earnings (311% earnings payout ratio) nor is it covered by cash flows (105% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 246% to bring the payout ratio under control. EPS is expected to grow by 85% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Reported Earnings • May 23
Full year 2024 earnings released: EPS: S$0.048 (vs S$0.14 in FY 2023) Full year 2024 results: EPS: S$0.048 (down from S$0.14 in FY 2023). Revenue: S$14.1b (down 3.4% from FY 2023). Net income: S$795.0m (down 64% from FY 2023). Profit margin: 5.6% (down from 15% in FY 2023). Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Telecom industry in Asia. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Announcement • May 23
Singapore Telecommunications Limited Announces Final Dividend, Payable on 20 August 2024 On 23 May 2024, Singapore Telecommunications Limited (the "Company") announced a final dividend of 9.8 cents per ordinary share in the capital of the Company ("Share"), consisting of: a Core Dividend of 6.0 cents per Share; and a Value Realisation Dividend (VRD) of 3.8 cents per Share. The VRD is to be paid in two tranches of 1.9 cents per Share in August 2024 and December 2024 to shareholders on Singtel's Register of Members at each respective record date. The Transfer Book and Register of Members of the Company will be closed on 5 August 2024 for the preparation of dividend warrants. Members whose Securities Accounts with The Central Depository (Pte) Limited are credited with Shares on 2 August 2024 will be entitled to the proposed dividend (comprising the Core Dividend and the first tranche of the VRD). Payment of the dividend (comprising the Core Dividend and the first tranche of the VRD), if approved by members at the 32nd Annual General Meeting, will be made on 20 August 2024. Announcement • Apr 30
Singapore Telecommunications Limited to Report Fiscal Year 2024 Results on May 23, 2024 Singapore Telecommunications Limited announced that they will report fiscal year 2024 results at 9:00 AM, Singapore Standard Time on May 23, 2024 Announcement • Apr 05
Brookfield and Singtel Reportedly End Optus Sale Talks Negotiations over a $3 billion-plus sale of a 20% stake in Singtel's (Singapore Telecommunications Limited (SGX:Z74)) Australian telecommunications company Optus (Singtel Optus Pty Limited) to Brookfield Asset Management Ltd. (TSX:BAM) are understood to have come to a halt. DataRoom understands that talks between the pair have ended for now, with the two groups unable to agree on terms, including the price, and Brookfield has walked away from a possible transaction. It is believed Brookfield had been looking to buy an interest in Optus of about 20% and Brookfield baulked at the price, sources say. There have been suggestions that the asking price was between $3.2 billion and $3.6 billion, with investment bank JPMorgan advising Singtel. It is understood that talks about a sale have been unfolding for at least a couple of months, and were flagged in an industry publication around the end of last year. Brookfield has declined to comment. Still, some believe an initial public offering or some sort of sell down of Optus by Singtel is not out of the question in the near term after reports surfaced in 2022 that Morgan Stanley was assessing possible IPO plans for the nation's second-largest mobile network. This was before Optus became subject to a cyberattack, and an IPO was considered as a way to fund its capital spending requirements with the introduction of new technology. Now the question is whether Brookfield turns its attention to Optus rival TPG Telecom, which is searching for a partial buyer of its business, advised by Bank of America. Brookfield entered talks with Singtel after a successful investment in Vodafone New Zealand (now called One New Zealand) with Infratil in 2019 for NZD 3.4 billion. Last year, Brookfield sold its half share to Infratil for NZD 1.8 billion, giving Infratil full ownership. Singtel has said that Optus remains an integral and strategic part of Singel Group and that it is committed to Australia for the long term. The company said it was focused on improving network resilience and conducting a chief executive search following the departure of Kelly Bayer Rosmarin, but regularly conducted strategic reviews of its portfolio to optimise the value of its assets and shareholder value. Announcement • Mar 14
Singtel Reportedly Looking to Sell Significant Optus Stake to Brookfield Singapore Telecommunications Limited (SGX:Z74) (Singtel) is looking to sell a significant stake in its wholly owned Australian unit Optus (Singtel Optus Pty Limited) to Canadian private equity giant Brookfield (Brookfield Asset Management Ltd. (TSX:BAM)), a source with direct knowledge of the matter said on March 13, 2024. Southeast Asia's largest telco operator is in advanced talks with Brookfield over the stake sale, the source said, declining to be named as the information is not public yet. Earlier on March 13, 2024, SingTel dismissed a report by the Australian Financial Review (AFR) that it was in advanced talks to sell Optus in a deal that could value Australia's second-largest telecommunications group at up to AUD 18 billion ($11.90 billion). "There is no impending deal to offload Optus for the said sum, as reported," SingTel said in a stock exchange filing. "That said, we regularly conduct strategic reviews of our portfolio to optimise the value of our assets and businesses and will explore all options to maximise shareholder value." SingTel said Optus remained an integral and strategic part of the group and it is committed to Australia for the long term, as its business there drew public ire after a 12-hour network blackout in November that affected over 10 million Australians. The incident has prompted investigation, the departure of Optus's CEO and a AUD 1.5 million ($990,900) fine. The talks to sell a stake in Optus come just a week after SingTel sold shares worth SGD 950 million ($711 million) in India's Bharti Airtel Limited (BSE:532454) to U.S. investment firm GQG Partners Inc. (ASX:GQG) as part of its capital recycle plan as both its earnings and share performance stagnate. SingTel's shares jumped nearly 4% on March 13, 2024 after the AFR report before the company requested a trading halt. The company, majority owned by Singapore's state investment firm Temasek Holdings (Private) Limited, posted a largely unchanged profit for the third quarter, as weak local operations offset growth in its information technology and Australian telecom units. Brookfield and Optus, which SingTel has owned since 2001, did not immediately respond to Reuters' email requests for comment. Reported Earnings • Feb 23
Third quarter 2024 earnings released Third quarter 2024 results: Revenue: S$3.59b (down 3.2% from 3Q 2023). Net income: S$465.0m (down 13% from 3Q 2023). Profit margin: 13% (down from 14% in 3Q 2023). Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Telecom industry in Asia. Announcement • Feb 02
Singtel Denies Report Exploring Transactions Involving Optus Unit Singapore Telecommunications Limited (SGX:Z74) is not exploring transactions that involve the enterprise business of its Australian unit Optus (Singtel Optus Pty Limited), the telco said in response to a report by the Australian Financial Review (AFR). "No transaction relating to the Optus enterprise business is currently being contemplated," Singtel said in a bourse filing late on January 30. Earlier in the day, the AFR published a report titled Singtel Weighs Options For Optus; Eyes On Enterprise Division. The article said, citing sources, that Optus executives have considered divestments over the past two years to help Singtel take some money off the table, and that one option is divesting Optus' enterprise and business division. Addressing the article, Singtel said that it views its stake in Optus as "strategic" and believes in the long-term outlook of the business. "Consistent with our strategic reset, Singtel regularly explores and reviews business opportunities, projects and proposals relating to its business and investments from time to time, and there is no certainty any of these will lead to a definitive or binding transaction," the telco added. Singtel said it will make relevant disclosures, if any, at the appropriate time. Announcement • Nov 20
Singapore Telecommunications Limited Announces Resignation of Kelly Bayer Rosmarin as Chief Executive Officer Singapore Telecommunications Limited announced that Optus Chief Executive Officer Ms. Kelly Bayer Rosmarin has tendered her resignation. Announcement • Oct 28
Singapore Telecommunications Limited to Report First Half, 2024 Results on Nov 09, 2023 Singapore Telecommunications Limited announced that they will report first half, 2024 results on Nov 09, 2023 Announcement • Sep 19
KKR & Co. Inc. (NYSE:KKR) through a fund has reached a definitive agreement to acquire 20% stake in Regional data centre business of Singapore Telecommunications Limited (SGX:Z74) for SGD 1.1 billion. KKR & Co. Inc. (NYSE:KKR) through a fund has reached a definitive agreement to acquire 20% stake in Regional data centre business of Singapore Telecommunications Limited (SGX:Z74) for SGD 1.1 billion on September 18, 2023. The transaction is expected to be completed by the fourth quarter of 2023, subject to regulatory approvals and customary closing conditions. The proceeds from this transaction will be used to accelerate the expansion of the regional data centre business across ASEAN markets, including Singapore, Indonesia and Thailand, while exploring markets like Malaysia and others. Announcement • Sep 13
Singapore Telecommunications Limited Announces John Arthur Will Step Down as A Member of the Audit Committee, Effective 1 October 2023 Singapore Telecommunications Limited announced that Mr. John Arthur will step down as a member of the Audit Committee with effect from 1 October 2023. Following the abovementioned change, the Singtel Audit Committee will comprise Mr. Gautam Banerjee as Chairman and Mrs. Gail Kelly and Ms Tan Tze Gay as members. Reported Earnings • Aug 22
First quarter 2024 earnings released First quarter 2024 results: EPS: S$0.029. Revenue: S$3.49b (down 2.7% from 1Q 2023). Net income: S$483.0m (down 23% from 1Q 2023). Profit margin: 14% (down from 18% in 1Q 2023). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Telecom industry in Asia. Announcement • Aug 17
Singapore Telecommunications Limited Declares Final Dividend for the Financial Year Ended 31 March 2023 Singapore Telecommunications Limited at its Annual General Meeting held on 28 July 2023 declared a final dividend of 5.3 cents per share for the financial year ended 31 March 2023. Announcement • Jul 29
Singapore Telecommunications Limited Announces Cessation of Bradley Joseph Horowitz as Director Singapore Telecommunications Limited announced that Mr. Bradley Joseph Horowitz has stepped down as a Director of the Singtel Board at the conclusion of the 31st Annual General Meeting held on 28 July 2023. Other DirectorShips Present: Curious Learning - a Global Literacy Project, Director Effortless Mastery Institute, Advisor Issuu, Inc, Director Lyst Ltd, Director NextSense Inc., Director Scale AI Inc., Director. Other DirectorShips Past: Massachusetts Institute of Technology, Member of the Visiting Committee of Media Lab. Upcoming Dividend • Jul 26
Upcoming dividend of S$0.078 per share at 3.8% yield Eligible shareholders must have bought the stock before 02 August 2023. Payment date: 17 August 2023. Payout ratio is a comfortable 73% and this is well supported by cash flows. Trailing yield: 3.8%. Lower than top quartile of Singaporean dividend payers (6.1%). In line with average of industry peers (4.0%). Reported Earnings • Jun 29
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: S$0.14 (up from S$0.12 in FY 2022). Revenue: S$14.6b (down 4.7% from FY 2022). Net income: S$2.23b (up 14% from FY 2022). Profit margin: 15% (up from 13% in FY 2022). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 2.1%. Earnings per share (EPS) also missed analyst estimates by 2.8%. Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Telecom industry in Asia. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • May 26
Singapore Telecommunications Limited Proposes Final One-Tier Tax Exempt Ordinary Dividend for the Financial Year Ended 31 March 2023, Payable on 17 August 2023 The Directors of Singapore Telecommunications Limited have proposed a final one-tier tax exempt ordinary dividend of 5.3 cents per share, totaling approximately SGD 875 million in respect of the current financial year ended 31 March 2023. The Singtel Scrip Dividend Scheme will not be applied to the final dividend. The final dividend, if approved by shareholders of the Company at the forthcoming Annual General Meeting, will be paid on 17 August 2023. Subject to the approval of the final dividend by shareholders at the forthcoming Annual General Meeting, the Transfer Book and the Register of Members of the Company will be closed on 4 August 2023 for the preparation of dividend warrants. Duly completed registrable transfers of the ordinary shares of the Company received by the Company's share registrar up to 5.00 p.m. on 3 August 2023 will be registered to determine members' entitlements to the final dividend. Announcement • May 25
CSE Global Limited (SGX:544) acquired 50% stake in GRID Communications Pte Ltd. from Singapore Telecommunications Limited (SGX:Z74) for SGD 1.4 million. CSE Global Limited (SGX:544) acquired 50% stake in GRID Communications Pte Ltd. from Singapore Telecommunications Limited (SGX:Z74) for SGD 1.4 million on March 31, 2023. Singtel divested 8,250,000 ordinary shares representing 50% of the issued and paid-up capital in Grid Communications. The consideration paid in cash. The consideration for the Grid Sale Shares was arrived at on a willing buyer-willing seller basis based on an assessment of Grid’s assets and business prospects.
CSE Global Limited (SGX:544) completed the acquisition of 50% stake in GRID Communications Pte Ltd. from Singapore Telecommunications Limited (SGX:Z74) on March 31, 2023. Reported Earnings • May 25
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: S$0.14 (up from S$0.12 in FY 2022). Revenue: S$14.6b (down 4.7% from FY 2022). Net income: S$2.23b (up 14% from FY 2022). Profit margin: 15% (up from 13% in FY 2022). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 2.1%. Earnings per share (EPS) also missed analyst estimates by 2.8%. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Telecom industry in Asia. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • May 25
Singapore Telecommunications Limited to Report Q4, 2023 Results on May 25, 2023 Singapore Telecommunications Limited announced that they will report Q4, 2023 results at 9:00 AM, Singapore Standard Time on May 25, 2023 Reported Earnings • Feb 17
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: S$3.71b (down 5.1% from 3Q 2022). Net income: S$532.0m (down 28% from 3Q 2022). Profit margin: 14% (down from 19% in 3Q 2022). Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Telecom industry in Asia. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Announcement • Feb 16
Singapore Telecommunications Limited Appoints Board Committees Singapore Telecommunications Limited announced that Ms Tan Tze Gay has been appointed as a member of the Audit Committee with effect from 15 February 2023. The Board of Directors of Singtel considers Ms Tan to be an independent Director. From 15 February 2023, the Singtel Audit Committee comprises Mr. Gautam Banerjee as Chairman, with Mrs. Christina Ong, Mrs. Gail Kelly, Mr. John Arthur and Ms Tan Tze Gay as members. Singtel also wishes to announce that Ms Yong Ying-I has been appointed as a member of the Risk Committee with effect from 15 February 2023. The Risk Committee comprises Ms Teo Swee Lian as Chairman, with Mrs. Christina Ong, Mr. Gautam Banerjee, Mr. John Arthur and Ms Yong Ying-I as members. Announcement • Feb 06
Singapore Telecommunications Limited Appoints Tan Tze Gay as Non-Executive Director Singapore Telecommunications Limited appointed Tan Tze Gay as Non-Executive Director. Ms Tan is a Partner of Allen & Gledhill LLP, where she is the Head of Equity Capital Markets. Her areas of expertise span equity and debt capital markets and corporate regulatory and compliance. She has extensive experience acting for issuers and underwriters on a wide range of innovative, high value and complex transactions, from initial public offerings and listings on the Singapore Exchange as well as regional and international exchanges to global debt offerings. She continues to advise listed corporates and business trusts after listing on their follow-on equity offerings, debt offerings, acquisitions and disposals and corporate regulatory and compliance advisory matters. Head of Equity Capital Markets, Partner, Allen & Gledhill LLP Independent and non-executive director, SIA Engineering Company Limited. He holds Bachelor of Laws (Honours, Second Upper), National University of Singapore. Reported Earnings • Nov 11
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: S$3.67b (down 4.7% from 2Q 2022). Net income: S$541.7m (up 6.4% from 2Q 2022). Profit margin: 15% (up from 13% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Telecom industry in Asia. Recent Insider Transactions Derivative • Aug 31
Key Executive exercised options to buy S$320k worth of stock. On the 30th of August, Theng Lee exercised options to buy 122k shares at a strike price of around S$2.67, costing a total of S$326k. As of today, Theng currently holds no shares directly. This was the only transaction from an insider over the last 12 months. Reported Earnings • Aug 25
First quarter 2023 earnings: EPS and revenues miss analyst expectations First quarter 2023 results: EPS: S$0.038. Revenue: S$3.58b (down 5.6% from 1Q 2022). Net income: S$628.0m (up 41% from 1Q 2022). Profit margin: 18% (up from 12% in 1Q 2022). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 6.2%. Earnings per share (EPS) also missed analyst estimates by 100%. Over the next year, revenue is forecast to grow 4.2%, compared to a 4.0% growth forecast for the Telecom industry in Singapore. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 5% per year. 
