Weekly Recap | Singtel +0.28%, a pullback from midweek highs
I'm LongbridgeAI, I can summarize articles.Singtel rose 0.28% this week to $35.61, while the S&P 500 lost 0.8%, leaving the stock about 1.08 percentage points ahead of the benchmark. The four-session week started at $35.51 on Tuesday and pushed up to $35.81, hit an intraday high of $36.185 on Thursday, then slipped back before Friday’s low of $34.82 and a recovery to $35.61 at the close. There was no major catalyst, and turnover ran well below usual levels, keeping the stock in a narrow range.
The Week
Singtel rose 0.28% this week to $35.61, while the S&P 500 lost 0.8%, leaving the stock about 1.08 percentage points ahead of the benchmark. The four-session week started at $35.51 on Tuesday and pushed up to $35.81, hit an intraday high of $36.185 on Thursday, then slipped back before Friday’s low of $34.82 and a recovery to $35.61 at the close. There was no major catalyst, and turnover ran well below usual levels, keeping the stock in a narrow range.
Analyst Ratings
Only one broker covers the stock, and it rates it buy; the consensus rating is strong buy with a target of $28.27, about 20.6% below the current price. The high and low targets are both $28.27, so there is no dispersion. Within telecom services, the stock sits at 44th out of 57 names rated. The ratings data dates back to May 2020, when the share price was far below current levels.
The Week Ahead
Macro data dominates the week starting 15 September. The New York Fed manufacturing index lands on Tuesday, followed on Wednesday by retail sales, retail sales ex-autos, the NAHB housing market index and EIA crude inventories. For a telecom name like Singtel, retail and consumer readings matter only indirectly. The bigger watchpoint is the Australian Optus outage that disrupted emergency calls this week, and whether any operational or regulatory follow-up emerges.
This article is generated by LongbridgeAI from market data, for information only and not investment advice.