
Stock Analysis: New Telecom | Lianhe Zaobao

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Singtel recommends buying, with a target price of SGD 5.71 and a closing price of SGD 4.91 (-1.8%). The third-quarter performance met market expectations, with a year-on-year increase in net profit of 14% to SGD 744 million, mainly driven by growth in mobile subscribers in Indonesia, Thailand, and the Philippines. The operating company's EBITDA increased by 5% year-on-year to SGD 362 million, in line with expectations. Singtel expects the operating company's EBITDA to achieve a high single-digit to double-digit growth rate in the fiscal year 2026
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