- Singapore Telecommunications' joint venture with Grab being awarded with a digital full bank license is a long-term positive, but this has a limited impact on the company's near-term financial performance.
- Bharti Airtel is expected to witness an earnings turnaround in FY 2021 on the back of a potential industry-wide tariff hike in India, which will be positive for Singapore Telecommunications.
- Singapore Telecommunications trades at 12.9 times consensus forward FY 2022 EV/EBITDA, and it offers a consensus forward FY 2022 dividend yield of 5.0%.
For further details see:
Singapore Telecommunications: Digital Banking And Indian Associate In The Spotlight