Singtel: CIMB likes it for yield for now; and growth in FY18-19
-Optus: FY17 earnings t o be held back by rising depreciation and falling A$.
- S’pore: flattish FY17 Consumer & Enterprise EBITDA. Wider Digital Life losses.
- Associates: dragged by dip at AIS and flat contribution from Bharti & Globe in FY17.
- NetLink Trust selldown could result in special DPS of 12.6-17.6 Scts.
-Maintain Add with unchanged target price of S$4.50. Attractive yields: 4.5-5.5%.
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