External broker reports(aggregated public sources), UOB Kay Hian

UOB Kay Hian

External broker reports(aggregated public sources)

Backed by the UOB Group, UOB Kay Hian is one of Asia’s largest brokerage firms. Headquartered in Singapore, we are supported by more than 80 branches worldwide including a growing network of offices across Southeast Asia, Greater China, the United Kingdom and North America. Our global footprint and strong international presence have enabled us to feel the pulse of key financial markets and deliver incisive intelligence across industry sectors and asset classes. Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<ul><li>SingTel reported higher FY23 underlying revenue (+2% y-o-y) and PATMI (+7% y-o-y), driven by NCS, higher data roaming revenue and regional associates.</li><li>Singapore consumer continues to experience ARPU uplift from the ongoing recovery in international travel and ongoing 5G migration.</li><li>Maintain BUY recommendation on SingTel with target price: S$3.15.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

SingTel reported higher FY23 underlying revenue (+2% y-o-y) and PATMI (+7% y-o-y), driven by NCS, higher data roaming revenue and regional associates.Singapore consumer continues to experience ARPU uplift from the ongoing recovery in international travel and ongoing 5G migration.Maintain BUY recommendation on SingTel with target price: S$3.15.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

SingTel - Improving Core Business Dragged By Weaker Overseas Contributions In FY23

SGX Market Strategist, Equity & Fixed Income, Singapore Exchange Ltd (SGX)

Geoff Howie

SGX Market Strategist, Equity & Fixed Income

Asia’s leading multi-asset exchange

Singapore Exchange Ltd (SGX)

Singapore Exchange is Asia’s leading and trusted market infrastructure, facilitating the exchange of capital and ideas to create value for people, businesses and economies. As a multi-asset exchange operating equity, fixed income and derivatives markets to the highest regulatory standards, SGX is a vertically integrated business that provides listing, trading, clearing, settlement, depository and data services.

With about 40% of listed companies and over 80% of listed bonds originating outside of Singapore as well as established linkages across the region and in Europe, SGX is Asia’s most international and connected exchange. Offering a full suite of derivatives products across Asian equity indices, commodities and currencies, SGX is the world’s most liquid international market for the benchmark equity indices of China, India, Japan and ASEAN.

As Asia’s pioneering central counterparty, SGX is globally recognised for its risk management and clearing capabilities, and was one of the first globally to adopt the Principles for Financial Market Infrastructure.

Headquartered in AAA-rated Singapore, SGX has over 800 employees including offices in Beijing, Chicago, Hong Kong, London, New York, Mumbai, San Francisco, Shanghai and Tokyo.

5 in 5 with Singtel - Empowering Every Generation

<ul><li>A-Sonic and Singapore Shipping directors continue with their acquisitions Large caps OCBC, DBS, UOB, Singapore Telecommunications and Wilmar International led the net institutional outflow for the three sessions.</li><li>This included four company director acquisitions with no disposals filed, while substantial shareholders filed one acquisition and three disposals.</li></ul>

A-Sonic and Singapore Shipping directors continue with their acquisitions Large caps OCBC, DBS, UOB, Singapore Telecommunications and Wilmar International led the net institutional outflow for the three sessions.This included four company director acquisitions with no disposals filed, while substantial shareholders filed one acquisition and three disposals.

A-Sonic & Singapore Shipping Directors Continue Acquisitions 

<ul><li>Sean Lee Adds to Marco Polo Marine Stake Overall, institutions were net sellers of Singapore stocks for the five sessions ending Jan 12 with S$96 million of net outflow.</li><li>On Jan 12, Marco Polo Marine Group chief executive officer (CEO) Sean Lee Yun Feng acquired 2.5 million shares of the marine logistic group for a consideration of S$100,000.</li></ul>

Sean Lee Adds to Marco Polo Marine Stake Overall, institutions were net sellers of Singapore stocks for the five sessions ending Jan 12 with S$96 million of net outflow.On Jan 12, Marco Polo Marine Group chief executive officer (CEO) Sean Lee Yun Feng acquired 2.5 million shares of the marine logistic group for a consideration of S$100,000.

Capitaland Integrated Commercial Trust / Equity Bottom-Up

<ul><li>In 2022, the STI generated a 4.1% price gain, with dividend distributions boosting the total return to 8.4%.</li><li>This was the strongest stock benchmark performance for the year across the Asia Pacific and Developed Indices, with the FTSE Asia Pacific Index and FTSE Developed Indices respectively declining 16.7% and 18.3% in total return.</li><li>N/A *does not include net institutional flow for MNACT; **price and total return from 14 July 2022; ***2021 total return from 20 September 2021; Source: SGX, Refinitiv, Bloomberg.</li></ul>

In 2022, the STI generated a 4.1% price gain, with dividend distributions boosting the total return to 8.4%.This was the strongest stock benchmark performance for the year across the Asia Pacific and Developed Indices, with the FTSE Asia Pacific Index and FTSE Developed Indices respectively declining 16.7% and 18.3% in total return.N/A *does not include net institutional flow for MNACT; **price and total return from 14 July 2022; ***2021 total return from 20 September 2021; Source: SGX, Refinitiv, Bloomberg.

STI Led Asia Pacific & Developed Stock Benchmarks in 2022

Singapore

Singapore Telecommunications Limited wireless telecommunication services. The Company offers diverse range of services including fixed, mobile, data, internet, TV,  and digital solutions. Singapore Telecommunications serves customers worldwide.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Singtel (ST SP)

SingTel - Improving Core Business Dragged By Weaker Overseas Contributions In FY23

SingTel reported higher FY23 underlying revenue (+2% y-o-y) and PATMI (+7% y-o-y), driven by NCS, higher data roaming revenue and regional associates.

UOB Kay Hian

5 in 5 with Singtel - Empowering Every Generation

5 in 5 with Singtel - Empowering Every Generation

Singapore Exchange Ltd (SGX)

A-Sonic & Singapore Shipping Directors Continue Acquisitions

A-Sonic and Singapore Shipping directors continue with their acquisitions Large caps OCBC, DBS, UOB, Singapore Telecommunications and Wilmar...

Singapore Exchange Ltd (SGX)

Sean Lee Adds to Marco Polo Marine Stake

Sean Lee Adds to Marco Polo Marine Stake Overall, institutions were net sellers of Singapore stocks for the five sessions ending Jan 12 with S$96...

Singapore Exchange Ltd (SGX)

STI Led Asia Pacific & Developed Stock Benchmarks in 2022

In 2022, the STI generated a 4.1% price gain, with dividend distributions boosting the total return to 8.4%. This was the strongest stock...

Singapore Exchange Ltd (SGX)

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)