Is it time to consider Singtel?
@wywy:
$SINGTEL(Z74.SI)$Singapore Telecommunications (Singtel) shares are on the uptrend in the last one month, and about 8.2% on a year-to-date basis. Not bad for a stock that is labelled as boring.Taking references from analysysts, out of 19 of them, 17 recently recommended ‘buy’ on Singtel shares, two suggested ‘hold’, and none gave ‘sell’ calls, Bloomberg data showed.Their average target price was S$2.97,meaning there is a potential upside of 18.8% based on the stock’s latest price of around S$2.55.It was also highlighted that digital banking may be a value creator for Singtel in the long run, even though it may not be highly profitable in the first five years. But its not something that we will