Singtel

Singtel: Highlights from Singtel's investor day include a focus on data service, optus and associates. 50% of Singtel's post-paid subscribers in Singapore are already on tiered data plans as of 4QFY14. Management added that the migration of customers onto its 4G network should progressively free up 3G capacity, which will enable the company to focus on encouraging its 2G prepaid customers to adopt higher-ARPU 3G services. Meanwhile Optus, SingTel’s Australiabased subsidiary, pointed to the recent launch of ‘shared data’ offers (which allow data allowance to be shared across multiple devices) as a key thrust of its data services strategy. In the region, the impact of changes in the political landscape remained a key focus for many investors. Advanced Info Services said it doesn’t expect any major delay in the regulator’s spectrum auction plans, while Bharti Airtel said the new government could pave the way for greater clarity and better resolution of outstanding regulatory issues in the market. Daiwa maintains Hold rating with $3.82 TP.