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SGX:Z74

30 stories mentioning SGX:Z74Updated 2d ago

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Asia

Singapore Telecommunications Repurchases Shares Worth About SG$8 Million

Singapore Telecommunications (SGX:Z74) bought back 1.7 million shares on Sept. 11 under its SG$2 billion value realization share buyback program, according to a Friday filing.The shares were purchased on the open market at SG$4.49 to SG$4.50 each for a total consideration of SG$7.8 million, including related charges.All repurchased shares were cancelled.The company has bought back 17.8 million shares, or 0.11% of its issued shares, since the mandate was obtained.

SGX:Z74
Asia

SingTel, Gulf Development Partner to Build Thailand-Singapore Subsea Cable

Singapore Telecommunications (SGX:Z74) has partnered with Gulf Development to develop new submarine cable connectivity between Thailand and Singapore, according to a Thursday filing to the Singapore Exchange.Under the deal, the two companies will jointly develop and invest in subsea cable assets to address growing regional demand forcloud, AI, data center and digital services.As the first project through this partnership, SingTel and Gulf Development will participate in the Vietnam-Thailand-Singapore (VTS) Cable System. The cable system is expected to be operational by 2030.The partners could also consider investing in terrestrial cable systems and other subsea cable systems in the future.SingTel's shares were down nearly 1% in recent trade.

SGX:Z74
Asia

GCash Parent Mynt Secures Regulatory Clearance for Philippine IPO

Singtel's (SGX:Z74) associate, Globe Telecom (PSE:GLO), said its affiliate and GCash parent, Mynt, received a pre-effective response from the Philippine Securities and Exchange Commission, which has favorably considered its proposed initial public offering, according to a Monday filing with the Singapore Exchange.The IPO comprises up to 8.03 billion common shares with an overallotment option of up to 1.20 billion secondary common shares.The offering remains subject to conditions set out in the letter and other listing requirements.

PSE:GLOSGX:Z74
Asia

Singtel Completes STT GDC Acquisition

Singapore Telecommunications (SGX:Z74) has completed the acquisition of STT GDC by a consortium it formed with private equity firm KKR, according to a Monday filing.The company's subsidiary, Singtel Interactive and KKR Opal Topco acquired all the shares in the data center operator through Opal Bidco from STT Communications.Following the acquisition, Singtel's unit has a 25% stake in STT GDC, while KKR Opal has a 75% stake.

SGX:Z74
Asia

Singapore Shares Remain in Red Amid Sell-off in Tech Shares; Medi Lifestyle Down 7%

Singapore shares closed in the red zone on Wednesday, tracking broader regional losses amid a sharp overnight sell-off in technology shares on Wall Street.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,643.17 and 5,694.24 throughout the day. It ended the session at 5,694.24, down 7.16 points or 0.1% compared to Tuesday's close.On the corporate front, shares of Medi Lifestyle (SGX:Z4D) plunged nearly 7% at the close as it disclosed plans to raise about SG$8.8 million through the placement of 178.6 million new shares at SG$0.049 each.Raffles Education's (SGX:NR7) closed nearly 1% higher as its subsidiary, Langfang Hezhong Education Consulting, signed a compensation agreement worth 293.3 million yuan for the compulsory government reclamation of land in Hebei Province, China.Meanwhile, shares of Singapore Telecommunications (SGX:Z74) closed under 1% lower as S&P Global Ratings upgraded its issuer credit ratings to A+/A-1 from A/A-1.

^STISGX:NR7SGX:Z4DSGX:Z74
Asia

S&P Upgrades Singapore Telecommunications to A+/A-1 as Asset Monetization Boosts Balance Sheet

S&P Global Ratings has upgraded Singapore Telecommunications' (SGX:Z74) issuer credit ratings to A+/A-1 from A/A-1, according to a Wednesday release.The rating agency expects the telecommunication company to retain a balance sheet commensurate witha higher rating given its regular asset monetization.S&P believes the company will monetize the remaining SG$2.2 billion from a SG$9 billion asset recycling program by fiscal 2028.The company has channeled proceeds from its past asset monetization for debt reduction, as it looks to operate with a more controlled balance sheet, S&P said.These efforts should also help the company anchor shareholder payouts and growth spending, according to S&P.Still, the company will not monetize assets that significantly lessen its core competitiveness and regional network, the rating agency said.The rating agency expects the company's debt-to-EBITDA ratio to continue below 2x over the next 24 months.

SGX:Z74
Asia

Singtel Upgraded to A+ by S&P Global Ratings on Improved Balance Sheet

S&P Global Ratings has upgraded its issuer credit rating on Singapore Telecommunications (SGX:Z74) to A+ from A, based on the telecommunications provider's improved balance sheet, according to a Wednesday statement.This is the first rating upgrade made by S&P since Singtel was first rated, with the company remaining focused on maintaining a strong balance sheet in its pursuit of sustainable long-term growth, SingTel said.Additionally, the rating on Singtel's senior unsecured bonds was upgraded to A+ from A and the rating on its guaranteed subordinated perpetual bonds was revised to BBB+ from BBB with a stable outlook.S&P is forecasting Singtel to realize the remaining SG$2.2 billion of its SG$9 billion asset recycling program by fiscal 2028 after it received SG$1 billion following the divestment of a 2.8% stake in Gulf Development in June.

SGX:Z74
Asia

Singapore Shares Remain in Red, Track Regional Loss; China Aviation Oil (Singapore) Down 10

Singapore shares remained rooted to the red zone on Thursday, tracking broader regional losses, despite easing of concerns over a potential interest rate hike by the US Federal ReserveThe Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,667.09 and 5,732.39 throughout the day. It ended the session at 5,720.05, down 0.70 points or 0.01% compared to Wednesday's close.On the corporate front, shares of China Aviation Oil (Singapore) (SGX:G92) slumped nearly 10% at the close as its attributable profit to owners fell by 18% during the first half of the year to $41.1 million from $50.0 million a year earlier.Singapore Telecommunications or Singtel (SGX:Z74) closed nearly 1% lower as it posted a 72% year-over-year decrease in net profit for the fiscal first quarter to SG$818 million from SG$2.88 billion.Meanwhile, CapitaLand Investment (SGX:9CI) shares were up nearly 1% at the close even as it recorded a 14% gain in profit attributable to equity holders in the first half of 2026 to SG$327 million from SG$287 million a year prior.

^STISGX:9CISGX:G92SGX:Z74
Asia

Update: Singapore Shares Open Flat as Investors Eye Local Earnings

(Updates to add Singtel's primary ticker)Singapore shares opened flat in positive territory on Thursday as investors take into account the latest US inflation data and look ahead to earnings reports from local market heavyweights.The Straits Times Index opened marginally higher by 0.02%, or 1.09 points, at 5,721.840.The market opened on a positive note as US inflation data came in soft, in line with market forecasts. However, sentiment dampened shortly after the open as investors shifted focus to domestic earnings. Singtel (SGX:Z74, SGX:Z77) reported a 72% drop in fiscal first-quarter net profit to SG$818 million even as revenue rose 4.9% to SG$3.56 billion.Singtel fell nearly 2% in recent trade.

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Asia

Update: Singtel Fiscal Q1 Profit Plummets 72%; Revenue Edges Up

(Updates to add Singtel's primary ticker)Singapore Telecommunications or Singtel (SGX:Z74, SGX:Z77) posted a 72% year-over-year decrease in net profit for the fiscal first quarter to SG$818 million from SG$2.88 billion.Underlying net profit, from which core dividends are paid, was up 21% on year to SG$831 million.Operating revenue rose 4.9% for the three months ended June 30 to SG$3.56 billion from SG$3.39 billion, according to a Singapore Exchange filing on Thursday.

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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.

^STISGX:E3BSGX:Z59SGX:Z74
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.

SGX:Z74
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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