Friday, September 17, 2010


SingTel: Credit Suisse maintains Outperform. Raises sum-of-parts target to $3.84 from $3.76, to reflect upgrade in valuations of associate, Bharti. Upgrades Bharti’s FY12, 13E EPS by 11%, on the back of higher growth and margin forecasts, in view of recent subscriber adds which surpassed expectations, firm ARPU, and turnaround in margins evidenced in previous two qtrly results.

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