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SGX:Z74

20 stories mentioning SGX:Z74Updated 11h ago

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Asia

Singapore Shares Incur Losses as US Federal Reserve Holds Interest Rates

Singapore shares fell on Thursday, tracking regional losses as the US Federal Reserve held interest rates steady, prompting concerns over the ability of chief Kevin Warsh to bring down inflation.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,638.94 and 5,683.35 throughout the day. It ended the session at 5,673.58, down 39.61 points or 0.7% compared to Wednesday's close.On the corporate front, shares of Wee Hur (SGX:E3B) were down nearly 1% at the close as its subsidiary, Wee Hur (Hong Kong), formed a joint venture with WM (Hong Kong) to establish Wee Hur Bedford.Yoma Strategic (SGX:Z59) closed over 1% higher as its subsidiary, Yoma Development Group, disclosed an entry into a joint venture with Yangon Nominees to develop the Moe Ma Kha Garden Residence project in Myanmar.Meanwhile, shares of Singtel (SGX:Z74) were down nearly 1% as its Australian unit, Optus, was informed by the Australian Communications and Media Authority about proceedings in the Federal Court of Australia against it over an alleged breach by Optus Mobile over several provisions of the Telecommunications Determination 2019.

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Asia

Singtel's Australian Unit Faces Court Proceedings Over Emergency Call Breaches

Singtel's (SGX:Z74) Australian unit, Optus, was informed by the Australian Communications and Media Authority about proceedings in the Federal Court of Australia against it over an alleged breach by Optus Mobile over several provisions of the Telecommunications Determination 2019.The proceedings have reported 1,005 breaches, which happened on Sept. 18, 2025, according to a Thursday filing with the Singapore Exchange.The unit is reviewing the pleadings and will respond in due course.Additionally, the company is unable to determine the scale of potential penalties at this stage.

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Asia

Singapore Telecommunications Confirms Talks on Optus Stake Sale

Singapore Telecommunications (SGX:Z74) said Thursday that it is in discussions with interested parties regarding a possible stake sale in its wholly-owned private subsidiary Optus.The telecommunications giant said that there was no certainty that a transaction would take place and it would disclose any material developments if necessary, according to the Thursday filing with the Singapore Exchange.Shares of Singapore Telecommunications added over 1% in recent trade.

SGX:Z74
Asia

Singtel Buys Back SG$14 Million Shares

Singtel (SGX:Z74) bought back and canceled about 3.2 million shares worth SG$14.1 million in the open market on Monday, according to a same-day filing with the Singapore Exchange.To date, the telecommunications services provider has bought back nearly 209 million shares from its existing buyback mandate.

SGX:Z74
Asia

Singtel Places Mauritius-based Viridian Unit Under Voluntary Liquidation

Singapore Telecommunications (SGX:Z74) d/b/a Singtel, will wind up a Mauritius-based subsidiary.The company said postmarket Monday it placed Viridian under members' voluntary liquidation, but that the move is not expected to have a significant impact on its EPS.

SGX:Z74
Asia

Market Chatter: Singapore Telcos Complete 5G Migration Nationwide

All four Singapore mobile operators have achieved nationwide 5G standalone coverage, with customers now being migrated, though the transition pace remains varied, according to a Business Times report on Monday.M1 and StarHub (SGX:CC3) have already completed their transition, with the latter retiring its 5G non-standalone network, while M1 converted all sites to standalone, the report said.Singtel (SGX:Z74), on the other hand, did not give a retirement date, according to The Infocomm Media Development Authority (IMDA), as cited by the Business Times.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Asia

Lightstorm, Singtel, Microsoft to Launch India-Southeast Asia Submarine Cable

Lightstorm signed consortium agreements with Singtel (SGX:Z74) Microsoft and Tata Communications (NSE:TATACOMM, BOM:500483) to build a submarine cable system that will link India's east coast to Singapore and Malaysia.The 3,600-kilometer I-2SEA is expected to be service-ready by the fourth quarter of 2029 and is designed for AI workloads, according to a Thursday statement from the city-state's AI connectivity platform operator.Under the agreement, NEC Corp. (TYO: 6701) was named system supplier while ASEAN Cableship was the marine installation partner.

BOM:500483NSE:TATACOMMSGX:Z74TYO:6701
Asia

Singapore Shares Extend Gains as US-Iran Negotiate Peace Framework;

Singapore shares remained in the green on Wednesday as investors assessed the details of peace negotiations between the US and Iran.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,198.65 and 5,232.19 throughout the day. It ended the session at 5,215.99, up 10.25 points or 0.2% compared to Tuesday's close.On the corporate front, shares of TrickleStar (SGX:CYW) were up nearly 3% at the close as it issued and allotted 678,243 new shares pursuant to awards vested under its performance share plan.Singtel's (SGX:Z74) shares closed over 1% higher as its Australian subsidiary, Singtel Optus, priced SG$200 million of 10-year fixed-rate bonds.Meanwhile, Ho Bee Land (SGX:H13) priced SG$150 million worth of 3.30% fixed rate green bonds due on June 30, 2031.

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Asia

Singtel's Australian Unit to Issue SG$200 Million Bonds

Singtel's (SGX:Z74) Australian subsidiary, Singtel Optus, priced SG$200 million of ten-year fixed-rate bonds, according to a Tuesday filing with the Singapore Exchange.The bonds will carry an interest rate of 2.84% per year and will mature in 2036.Proceeds will be swapped into Australian dollars and applied towards Optus' business funding.The bonds are expected to be issued on June 30, the filing stated.

SGX:Z74
Asia

Singapore Shares Remain Resilient Despite Regional Downturn; Trek 2000 International Down 8%

Singapore shares remained marginally in the green zone on Tuesday, despite broader regional losses backed by a cooling of a rally in heavy-weight chip stocks.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,193.65 and 5,241.80 throughout the day. It ended the session at 5,205.74, up 1.73 points or 0.03% compared to Monday's close.In economic news, Singapore's core consumer price index (CPI), which excludes accommodation and private transport costs, remained steady at 1.4% year over year in May, according to joint data released by the Monetary Authority of Singapore (MAS) and the Ministry of Trade and Industry (MTI).On the corporate front, shares of Trek 2000 International (SGX:5AB) were down nearly 8% at the close as it secured a $350,000 contract with Cambodian textile manufacturer, Our HS Convenience, to supply, install and commission its AI Renewable Energy Solutions ecosystem.Singtel (SGX:Z74) closed under 1% lower as it disposed of a 2.8% stake in Thailand energy company, Gulf Development, for SG$1 billion, according to a company release on Tuesday.Meanwhile, Interra Resources (SGX:5GI) has agreed to sell its entire stake in its Myanmar petroleum assets to Sinopetro Holdings Limited for a combined $7.8 million.

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Asia

Singtel Disposes of 2.8% Stake in Thailand's Gulf Development for SG$1 Billion

Singtel (SGX:Z74) has disposed of a 2.8% stake in Thailand energy company Gulf Development for SG$1 billion, according to a Singtel release on Tuesday.The disposal is part of the telecommunications company's asset recycling program aimed at driving growth and sustainable shareholder returns.The transaction was carried out via a private placement to institutional investment and will result in net gains of around SG$140 million in equity.The company had acquired a 7.7% stake in Gulf Development in 2025 following the amalgamation of Intouch Holdings and Gulf. The merger removed Intouch as the intermediary holding company and resulted in the creation of a new entity, Gulf Development.Following the transaction, Singtel will have a 4.95% stake in Gulf Development, valued at about S$1.8 billion.

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Asia

Singtel Buys Back Shares Worth SG$6.5 Million

Singtel (SGX:Z74) repurchased and canceled 1.5 million shares in the open market on Friday for SG$6.5 million, according to a same-day filing with the Singapore Exchange.To date, the telecommunications service provider has repurchased nearly 189.8 million shares from its existing buyback mandate.

SGX:Z74
Asia

Singtel Issues Nearly 28 Million Shares Pursuant to Vesting of Share Awards

Singtel (SGX:Z74) issued 27.9 million shares worth SG$131.6 million upon vesting of the share awards pursuant to its performance share plan, according to a Tuesday filing with the Singapore Exchange.Following the transfer, the telecommunications company now holds 14.6 million treasury shares.

SGX:Z74
Asia

Singtel Buys Back, Cancels Shares Worth Nearly SG$21 Million

Singtel (SGX:Z74) bought back and canceled about 4.8 million shares worth SG$20.8 million in the open market on Tuesday, according to a same-day filing with the Singapore Exchange.To date, the telecommunications services provider has bought back around 134.4 million shares from its existing buyback mandate.

SGX:Z74
Asia

Singtel Unit Signs SG$1.5 Billion Revolving Credit Facility

Singtel (SGX:Z74) subsidiary, Singtel Group Treasury, signed a three-year SG$1.5 billion committed revolving credit facility with 11 banks, according to a Friday bourse filing.The facility is guaranteed by the telecommunications company and will be used for general corporate purposes.

SGX:Z74
Tuas Scraps Deal to Acquire Singapore's M1
US Markets

Tuas Scraps Deal to Acquire Singapore's M1

Australian telecommunication company Tuas (ASX:TUA) terminated its plan to acquire Keppel's stake in Singaporean digital network operator M1 for SG$1.43 billion, according to a Friday release.The 2025 deal, made through Tuas' Singapore-based unit Simba Telecom, collapsed after several conditions were not met on the long-stop date of May 21, the release said.The development came days after Singapore's Infocomm Media Development Authority (IMDA) suspended its review of the planned acquisition after finding out that Simba may be using unauthorized radio frequency bands for mobile services.Keppel had previously said it has been working on plan B in case it retains its 83.9% ownership in M1."We have a 90-day plan to drive M1's efficiency, which we will activate with immediate effect. This would include reducing technology platform costs and network costs, using AI for automation, as well as product rationalization," the global asset manager said on May 18.With Tuas exiting the acquisition race, telecom operator StarHub (SGX:CC3) is likely to become a suitor for M1, while Singtel (SGX:Z74) may face more regulatory troubles in its potential bid for M1 due to its leading 44% share in the mobile market, Bloomberg News reported, citing its analyst Chris Muckensturm.Singtel's executive officer, Yuen Kuan Moon, said they "would definitely evaluate where the opportunities are" if they are able to be included in the consolidation, the report said.

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Asia

Singapore Shares End Flat; Wilton Resources Falls 8%

Singapore shares closed Thursday's session little changed, as investors turned cautious while awaiting a breakthrough in the Middle East conflict.The Straits Times Index ranged between 5,028.90 and 5,073.11 throughout the day. It ended the session marginally higher at 5,045.71.On the corporate front, shares of Wilton Resources (SGX:5F7) closed nearly 8% lower as it entered into a deed of settlement with Karl Hoffmann Mineral to resolve their financial disputes.Singtel (SGX:Z74) closed 6% lower after the telco reported a decline in its attributable profit to SG$2.20 billion in the fiscal second half ended March 31 from SG$2.79 billion a year earlier.Meanwhile, Raffles Education (SGX:NR7) gained 1% after the High Court of Singapore issued a first-tranche ruling in favor of its subsidiary, Raffles Assets (Singapore), in a lawsuit filed by NPS International School.

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Asia

Singtel Mulls Minority Stake Sale in Australian Arm Optus; Shares Down 4%

Singtel (SGX:Z74) is considering selling a minority stake in its Australian subsidiary, Optus, according to a Thursday filing with the Singapore Exchange.The Singaporean telecom company is working with potential Australian partners to strengthen Optus' role as a critical services provider in the region, it said.Shares of Singtel were down nearly 4% in recent trade.

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Asia

Singtel's Attributable Profit Drops in Fiscal H2; Shares Down 4%

Singtel's (SGX:Z74) attributable profit to shareholders fell during the fiscal second half ended March 31 to SG$2.20 billion from SG$2.79 billion a year earlier, according to a Thursday filing with the Singapore Exchange.Earnings per share came in at SG$0.1319 compared with SG$0.1656 in the year-ago period.Operating revenue rose year over year to SG$7.35 billion from SG$7.15 billion.The directors proposed a final dividend of SG$0.103 per share for the year ended March 31, taking the total dividend to SG$0.134 per share.Shares of the telecommunications services provider were down nearly 4% in Thursday trading.

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Asia

Singtel Buys Back, Cancels Shares Worth SG$39.4 Million

Singtel (SGX:Z74) bought back and canceled 8.2 million shares in the open market on Monday for SG$39.4 million, according to a same-day filing with the Singapore Exchange.To date, the telecommunications services provider has bought back nearly 87.1 million shares from its existing buyback mandate.

SGX:Z74

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