SingTel: Not well-loved by analysts given recent Hold calls from the Street. Deutsche, Macquarie with $3.26, $3.16 targets respectively. Market watchers see little reason for SingTel to break out of recent trading range, given bland June-quarter results, cautious guidance reported last week...
Key risks include associates continuing to be key overhang given rising competitive pressure, and erosion of SingTel’s market share in the corporate data space once Singapore's upcoming high-speed national broadband network is complete.
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