---
title: "Stock Analysis: New Telecom | Lianhe Zaobao"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/275879506.md"
description: "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"
datetime: "2026-02-13T09:42:19.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/275879506.md)
  - [en](https://longbridge.com/en/news/275879506.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/275879506.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/275879506.md) | [繁體中文](https://longbridge.com/zh-HK/news/275879506.md)


# Stock Analysis: New Telecom | Lianhe Zaobao

Singtel

-   Recommendation: Buy
-   Target Price: SGD 5.71
-   Closing Price: SGD 4.91 (-1.8%)

Singtel's third-quarter performance met market expectations, and the market's re-rating of its core business will continue.

#### Further Reading

Stock Commentary: CapitaLand Investment Stock Commentary: Invesco UK Real Estate Trust

Singtel's basic net profit in the third quarter increased by 14% year-on-year to SGD 744 million, in line with market forecasts of SGD 741 million. The growth momentum mainly came from the quarter-on-quarter growth of mobile subscribers in Indonesia, Thailand, and the Philippines, as well as the continued growth of operating company earnings before interest and taxes (OpCo EBIT) and Indian mobile subscribers. As a key driver of Singtel's stock price, operating company EBIT grew by 5% year-on-year to SGD 362 million in the third quarter, also roughly in line with market expectations of SGD 370 million.

Singtel reiterated that operating company EBIT is expected to achieve a high single-digit to double-digit growth rate in the fiscal year 2026. We maintain a buy rating for this stock, with a target price of SGD 5.71. (DBS Group Research)

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