Z74.SI - Singapore Telecommunications Limited
| Previous close | 2.5300 |
| Open | 2.5300 |
| Bid | 2.4600 x 0 |
| Ask | 2.4700 x 0 |
| Day's range | 2.4300 - 2.5600 |
| 52-week range | 2.3100 - 2.8200 |
| Volume | |
| Avg. volume | 19,532,633 |
| Market cap | 40.765B |
| Beta (5Y monthly) | N/A |
| PE ratio (TTM) | 19.00 |
| EPS (TTM) | 0.1300 |
| Earnings date | 25 May 2023 |
| Forward dividend & yield | 0.11 (4.29%) |
| Ex-dividend date | 02 Aug 2023 |
| 1y target est | 3.11 |
- Reuters SG
SingTel posts 14% jump in full-year net profit
Singapore Telecommunications on Thursday posted a 14% jump in full-year net profit, as its core businesses benefited from a recovery in international travel and roaming as well as rising 5G adoption. Southeast Asia's largest telecom firm said net profit for the year ended March was S$2.23 billion ($1.68 billion), compared with S$1.95 billion a year ago.
- Reuters SG
UPDATE 2-Telkom Indonesia to merge broadband arm with Telkomsel to create $3.9 bln entity
PT Telekomunikasi Selular (Telkomsel), the Indonesian associate of Singapore Telecommunications (Singtel), has agreed to merge with its parent's IndiHome broadband arm to create an entity worth 58.3 trillion rupiah ($3.9 billion), the companies said on Thursday. The move comes as Telkomsel looks to expand in Indonesia's fixed broadband market, one of the fastest growing globally with a penetration rate of 14% compared to 40% across Southeast Asia. "We believe this is a rare opportunity for Telkomsel to tap into the high-growth fixed broadband market in Indonesia by partnering the country's largest broadband operator which is profitable and cash generating," said Yuen Kuan Moon, group CEO of Singtel, which owns 35% of Telkomsel.
- Reuters SG
UPDATE 2-Latitude Group fears 328,000 customer IDs stolen post 'malicious' cyber attack
Australian digital payments and lending firm Latitude Group Holdings said on Thursday a hacker had stolen personal information of around 328,000 customers held by two service providers through employee login credentials. About 103,000 identification documents, more than 97% of which are copies of drivers' licences, were stolen from the first service provider, while about 225,000 customer records were stolen from the second service provider. Latitude said it had detected unusual activity on its systems over the last few days originating from one of its "major" vendors, but did not disclose its identity.
- Reuters SG
UPDATE 1-Commonwealth Bank of Australia's Indonesian arm hit by cyber attack
Commonwealth Bank of Australia said on Wednesday its Indonesian unit, PT Bank Commonwealth (PTBC), had been hit by a cyber incident. The incident involves unauthorised access of a web-based software application used for project management, and the bank's Australian systems were segregated from PTBC systems, CBA said, confirming that the unit's services will operate as usual. Cyber attacks against Australia from criminals and state-sponsored groups have jumped recently, with a government report equating the assault to one attack every seven minutes.
- Reuters SG
UPDATE 2-SingTel Q3 underlying profit rises on Airtel's upbeat earnings
Singapore Telecommunications on Thursday posted a more than 18% jump in third-quarter underlying profit, driven by the strong performance of associate Bharti Airtel. Bharti Airtel, India's No.2 telecom carrier by subscribers, reported a bigger-than-expected increase in third-quarter revenue earlier this month, helped by 4G subscriber additions and higher revenue per user. SingTel, which is Southeast Asia's largest telecom firm, reported underlying net profit of S$559 million ($418.54 million) for the quarter ended Dec. 31, compared with S$473 million a year earlier.
- Reuters SG
CORRECTED-UPDATE 1-SingTel Q3 underlying profit rises from partly-owned Airtel's strong performance
Singapore Telecommunications on Thursday posted an 18.2% jump in third-quarter underlying profit, driven by stronger performance of its partly-owned Bharti Airtel. All segments of SingTel's business benefited from a continued recovery in international travel, driving an increase in roaming revenues and higher prepaid customers, while Telkomsel service revenue growth was offset by higher network costs. Bharti Airtel, India's No.2 telecom carrier by subscribers, reported a bigger-than-expected increase in third-quarter revenue earlier this month, helped by 4G subscriber additions and higher revenue per user.
- Reuters SG
CORRECTED-UPDATE 3-Australia blocks Telstra-TPG wireless internet deal, sparking legal fight
Australia's antitrust regulator blocked an asset transfer deal between Telstra and TPG, the country's No.1 and No.3 wireless internet firms, citing competition concerns, setting the scene for a legal battle over access to four million customers. In a deal announced in February, Telstra Group was to buy spectrum - airwaves which carry wireless internet - and transmission towers from TPG Telecom Ltd, while TPG would keep selling 4G and 5G coverage using what would become Telstra's infrastructure.
- Reuters SG
UPDATE 3-Australian telecom firms fined $22.1 mln for false internet speed claims
Three Australian telecom companies have been ordered by a court to pay a collective A$33.5 million ($22.08 million) in penalties for making misleading claims about speed of some NBN internet plans, the country's competition regulator said on Friday. The Australian Federal Court has ordered Telstra to pay A$15 million, a unit of TPG Telecom to cough up A$5 million, and imposed a fine of A$13.5 million on Optus, a unit of Singapore Telecommunications, the Australian Competition & Consumer Commission (ACCC) said.
- Reuters SG
UPDATE 2-SingTel flags macro-economic headwinds into 2023 despite upbeat H1 growth
Singapore Telecommunications (SingTel) on Thursday said the company may have to bare the brunt of further macro-economic challenges that are expected to persist into fiscal 2023 despite posting a 23% jump in its first-half net profit. SingTel, which is going through a strategic reset, said net profit for the half year ended Sept. 30 came in at S$1.17 billion, compared with S$954 million a year earlier. Optus, the Australian unit of SingTel, flagged a massive data breach where up to 10 million customers' data were compromised.
ReutersSingTel flags macro-economic headwinds into 2023 despite upbeat H1 growth
SingTel, which is going through a strategic reset, said net profit for the half year ended Sept. 30 came in at S$1.17 billion, compared with S$954 million a year earlier. The company's performance was boosted by a strong turnaround in partly owned Bharti Airtel and an exceptional gain of S$1.01 billion ($720.25 million) from the partial divestment of its stake in Airtel. Optus, the Australian unit of SingTel, flagged a massive data breach where up to 10 million customers' data were compromised.
- Reuters SG
Singapore Telecommunications posts 23% growth in first-half net profit
Singapore Telecommunications on Thursday posted a 23% jump in first-half net profit due to a strong turnaround in partly-owned Bharti Airtel and an exceptional gain from the partial divestment of its stake in Airtel. Southeast Asia's largest telecom firm, which is going through a strategic reset, said net profit for the half year ended Sept. 30 was S$1.17 billion ($834.22 million), compared with S$954 million a year earlier.
- Reuters SG
UPDATE 1-Grab-led Singapore digital bank's senior executive steps down
GXS Bank, the venture between ride-hailing company and fintech firm Grab Holdings and Singapore Telecommunications, said its executive director and board member Reuben Lai would leave the bank at the end of this year. GXS Bank, which launched Singapore's first digital bank for the retail market at the end of August, said in a statement on Wednesday that Lai, who was also heading its regional office, would however remain on the board of GXS Bank's digital bank in Malaysia. Lai, one of the most senior executives at GXS Bank, had co-led Grab's foray into the region's burgeoning financial services sector in the last few years and moved to GXS earlier in 2022.
- Reuters SG
Grab-led Singapore digital bank executive steps down
GXS Bank, the digital banking joint venture between ride-hailing company Grab Holdings and Singapore Telecommunications, on Wednesday said its Executive Director Rueben Lai would leave the bank at the end of this year. Lai would also step down from the role as a director on GXS' board in Singapore, the bank said in an emailed statement. In August, GXS bank launched Singapore's first digital bank and bundled it with a savings account after it secured the full digital banking licence from the Monetary Authority of Singapore in 2020, while expanding in other Southeast Asian countries.
- Reuters SG
CORRECTED-UPDATE 3-Australia pathology data stolen as hacking epidemic widens
One of Australia's largest pathology providers said hackers stole medical data of thousands of patients, the country's second such breach in two weeks, deepening fears about how companies collect sensitive customer information. The disclosure on Thursday sent shares of Australian Clinical Labs Ltd to their lowest point since listing last year, and extends a wave of hacks that has shaken the country's biggest companies. A day earlier, No. 1 health insurer Medibank Private Ltd said criminals took data of all 4 million of its customers.
- Reuters SG
UPDATE 2-Corporate Australia suffers fourth major hack since September
Australian Clinical Labs said on Thursday its Medlab Pathology business suffered a data breach that affected about 223,000 accounts, marking corporate Australia's fourth major hack since September. The country's No.1 health insurer Medibank, No.2 telco Optus and retailer Woolworths Group's majority-owned online retailer MyDeal were also hit by breaches that compromised the data of millions of customers. There was no evidence of misuse of any of the information or any demand made of Medlab or ACL to date, the company said, adding that the compromised Medlab server had been decommissioned and ACL's broader systems were unaffected.
- Reuters SG
Thai consumer group to file petition against True, DTAC merger
A Thai consumer group on Friday said it plans ask a court to suspend the $8.6 billion merger of the country's second- and third-largest mobile operators over competition concerns. The move by Thailand Consumers Council comes a day after the regulator cleared the cleared the way, with conditions, for the merger of True Corporation Pcl and Total Access Communication Pcl (DTAC), which would create the country's top mobile operator.
- Reuters SG
UPDATE 1-Two Australian regulators open investigations into Optus after data breach
Two Australian regulators said on Tuesday they have opened investigations into Optus, the country's No. 2 telecoms provider, after a breach of its systems resulted in the theft of personal data from up to 10 million accounts. The probes only add to headaches for Optus, which disclosed the breach on Sept. 22 and has since come under heavy fire from the government and the public for not preventing the massive cyberattack. The Office of the Australian Information Commissioner (OAIC) said it was investigating whether the Singapore Telecommunications Ltd-owned company took reasonable steps to protect customer data and comply with privacy laws.
- Reuters SG
Two Australian regulators open investigations into Optus after data breach
Two Australian regulators said on Tuesday they have opened investigations into Optus, the country's No. 2 telecoms provider, after a breach of its systems resulted in the theft of personal data from up to 10 million accounts. The probes only add to headaches for Optus, which disclosed the breach on Sept. 22 and has since come under heavy fire from the government and the public for not preventing the massive cyberattack. The Office of the Australian Information Commissioner (OAIC) said it was investigating whether the Singapore Telecommunications Ltd-owned company took reasonable steps to protect customer data and comply with privacy laws.
- Reuters SG
UPDATE 1-Singtel's second unit faces cyber attack weeks after Optus data breach
Singapore Telecommunications Ltd said on Monday its unit Dialog faced a cyber attack that potentially affected 1,000 current and former employees and fewer than 20 clients, weeks after a massive data breach at another Australian unit - Optus. The breach at Optus, Australia's second-largest mobile operator, late last month compromised data of up to 10 million customers, triggering an overhaul of consumer privacy rules to facilitate targeted data sharing between telecommunication firms and banks. Singtel said on Monday the attack on Dialog, an Australia-based information technology services consulting firm, was first detected on Sept. 10.
The GuardianSingtel confirms 2020 data breach after cyber-attack on Optus
Parent company of Australian telco says that the personal data of 129,000 customers and 23 businesses was obtained in a cyber-attack two years ago
BloombergHackers target SingTel’s Dialog unit after huge Optus breach
A second Australian business owned by Singtel suffered a cyberattack, following the huge data breach at mobile-phone operator Optus.
- Reuters SG
UPDATE 1-Australian regulator, govt team up over data sharing after Optus breach
Australian prudential regulator said on Thursday it will collaborate with the government and other regulatory bodies for "controlled process" of data sharing between its regulated entities and Singapore Telecommunications' unit Optus. The move comes weeks after Optus, the country's second-largest mobile operator, faced a massive cyberattack that compromised data of up to 10 million customers. The cyberattack, which was followed by a data breach in the country's largest telecoms firm Telstra Corp Ltd earlier this week, served as a wake-up call for regulators and lawmakers to beef up cyber defences.
ReutersAustralia's Optus says 'deeply sorry' for cyberattack
Australia's second-largest telcoms firm Optus, owned by Singapore Telecommunications, on Saturday ran a full-page apology in major newspapers for a "devastating" cyberattack 10 days ago and pointed affected customers to a new help site. "We're deeply sorry that a cyberattack has happened on our watch," the company said in the notice. "We will be in touch with customers who have had their passport document number exposed," Optus said on its web site.
The GuardianThe biggest hack in history: Australians scramble to change passports and driver licences after Optus telco data debacle
Government says telecommunications giant ‘left the window open’ for unsophisticated attack that could lead to European-style privacy laws
- Reuters SG
Australia's Optus contacts customers caught in cyber attack
Australia's number two telecommunications company, Optus, said on Saturday it was contacting customers about a cyberattack that accessed personal details of up to 10 million customers, in one of Australia's biggest cybersecurity breaches. Chief executive Kelly Bayer Rosmarin said on Friday she was angry and sorry that an offshore-based entity had broken into the company's database of customer information, accessing home addresses, drivers licence and passport numbers of the equivalent to 40% of Australia's population. In an update on Saturday, the company, owned by Singapore Telecommunications Ltd, said it was contacting "all customers to notify them of the previously announced cyberattack’s impact, if any, on their personal details".