Singtel: CIMB maintains underperform with SOTP target of $3.09. Notes that group faces earnings pressure in Singapore, India and Australia. Estimates that earnings contribution from group’s recent ambition to become leader in cloud computing will not be significant. Instead favors M1, believing it to be the largest beneficiary for the Next Generation Nationwide Broadband Network…
Technically, stochastics pointing to overbought region, with prices testing upper range on Bollinger bands. Near tearm support at 3.07 (20 day MA)
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