Singtel Core Profit Up 10%. DBS Goes Ex-Div.

$Singtel(Z74.SG)

🚀 SINGTEL H1FY27 DEEP DIVE: ROCK‑SOLID BALANCE SHEET, GROWTH AND SHAREHOLDER REWARDS!

This follows my Singtel post from yesterday. Today let us dig deeper into the key metrics, financial and valuation ratios from its H1FY27 results.

The numbers show this telco giant’s financial engine is firing on all cylinders.

✅ Very strong balance sheet

Net Debt to EBITDA improved to a healthy 1.2x. Interest coverage stands at a sturdy 17.1x. 86 % of total borrowings are locked in at fixed rates, paired with S$3.6 billion in cash reserves.

Operating Free Cash Flow jumped 56 % year‑on‑year to S$2.25 billion, with total cash inflows above S$3.2 billion.

✅ Rising profitability + shareholder returns

Group operating revenue rose 6 % to S$7.29 billion. Underlying net profit climbed 10 % to S$1.49 billion.

Management is also returning value to investors. The interim dividend increased 10 % to 9.0 cents per share, and the group completed a S$1.0 billion share buyback.

On top of that, S&P upgraded Singtel’s credit rating to an “A”.

These results reflect tight financial discipline, steady growth and solid payouts for shareholders. Better leverage, a fortified balance sheet and strong cash flow make Singtel look highly resilient.

🤔 Question for everyone: Based on these metrics, would you say Singtel is a very well‑run company?

Drop your thoughts below👇

⚠️ Disclaimer: For discussion only, not trading,investment or financial advice.

$Singtel(Z74.SG)

🚨 Don’t Let The Headlines Fool You! 😎

I have condensed the details into an easy to digest summary for everyone.

Today’s news says Singtel’s first‑half net profit fell 55 % to S$1.54 billion. Dig past that headline figure and you will find the core business is performing better than ever 🚀

Here is the breakdown behind the reported numbers:

📉 Where the profit drop comes from🙄

The  55 % fall in total net profit is purely a comparison against H1FY26. The prior‑year period had a one‑off S$2.21 billion windfall from asset divestments. Those gains came from selling Bharti Airtel shares and the Intouch‑Gulf Energy merger.

📈 Core earnings climbed 10 %😎

Remove those special, non‑recurring items and Singtel’s underlying net profit rose 10 % to S$1.49 billion. The gain jumps to 16 % when measured on a constant‑currency basis.

Double‑digit EBIT growth from Optus, NCS and Digital InfraCo, plus steady contributions from its regional partners, drove this improvement.

💰 Higher revenue and dividends too😁

Group operating revenue grew 6 % to S$7.29 billion. The interim dividend went up 10 % to 9.0 cents per share. Management also lifted full‑year OpCo EBIT guidance to mid‑to‑high single‑digit growth.

Singtel keeps pushing its long‑term growth strategy built around AI infrastructure and digital services.

🤔 Legacy telecom companies are evolving into major AI‑infrastructure players. Do you think standard headline net‑profit figures are becoming less reliable for judging their true long‑term value?

📊 For more information, refer to the infographic with the complete visual summary.

⚠️ Disclaimer: For discussion only, not investment and financial advice. Please do your own due diligence.

$OCBC Bank(O39.SG)Watching to reach S$29.00 closely—debating whether to cash out quick gains there or hold till analyze price till S$30.00? 🤔 (*Shall wait and see, if tmr will be a rise/ fall)

Iggy's Journal: SIA's Profit Fell 43.9% on Record Revenue While SATS's Rose 2.8%. Wall Street Rose on an AI Rebound

Thu 12 Nov 2026 | Morning

The Numbers

The STI closed on Wednesday 11 November at 5,289.66, up 31.07 points or 0.59%. KuCoin, citing Longbridge, attributed the gain to major bank shares and Singapore technology counters after third-quarter updates. The US session came after SGX had closed. The Dow rose 254.60 points or 0.49% to 52,486.49, the S&P 500 rose 98.45 or 1.31% to 7,619.38 and the Nasdaq rose 1.60% to 25,466.19. The Washington Post, citing the Associated Press, tied the rally to a rebound in AI shares led by CoreWeave after stronger quarterly results than analysts expected; US Treasury markets were closed for Veterans Day. Brent for January delivery rose 1.39% to US$92.76, per Dow Jones Market Data. Singapore Airlines reported first-half net profit down 43.9% to S$134 million from S$239 million, on record revenue of S$11.3 billion, up 16.8%, with an interim dividend of 2 cents and a special dividend of 5 cents. SATS reported second-quarter net profit up 2.8% to S$81.1 million on revenue up 9% to S$1.71 billion. $SIA(C6L.SG) 

My Personal Take

Two aviation names reported on the same day and the profit lines point in opposite directions, while revenue rose at both. SIA's release ties its fall to a 33.9% rise in net fuel cost, so my question is which line sits between revenue and profit at each company. I am not putting a verdict on either share in this entry.

Cheers,

Iggy 🦖

Not financial advice. Iggy's Forensic Compliance Standards apply.

Iggy's Journal: DBS Goes Ex-Dividend on 13 November: Read the Label Before the Amount

Wed 11 Nov 2026 | Midday

The Numbers

DBS goes ex-dividend on 13 November, the first day a purchase comes without the announced dividend. The dividend is 81 cents. DBS's own page lists it on separate lines, and both are marked one-tier. $DBS(D05.SG) 

My Personal Take

If I buy DBS shares on 13 November, do I still receive the 81 cents? That is the question I started with, and it leaves me with one more. What does each label on DBS's page tell me about the payment behind it? I am not putting a verdict on the shares in this entry. The episode reads the label before the amount.

📺 YouTube: https://youtu.be/LGuoI6o6DyE

📩 Substack: https://investingiguana.com/p/dbs-goes-ex-dividend-on-13-november

Cheers,

Iggy 🦖

Not financial advice. Iggy's Forensic Compliance Standards apply.