DBS analyst Sachin Mittal wrote on Monday that Telkomsel, being a net cash company, can upstream dividends to its shareholders including Singtel.
Singtel's management is expected to confirm the FY21 dividend with the upcoming financial results for Q2 FY21.It will allow Telkomsel to optimise its capital structure as the company focuses on its core business of providing digital connectivity services to customers in Indonesia, said Singtel. Late last year, Mitratel had bought 2,100 towers from Indonesian telco Indosat for some 4.4 trillion rupiah in a similar leaseback deal.
Mr Mittal on Monday also said that Singtel's core business is undervalued, and that asset divestment is required to unlock the trapped value.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Football: 10-man Brighton and Hove Albion grab deserved late point at Crystal PalaceLONDON (REUTERS) - Substitute Alexis Mac Allister scored his first Premier League goal to secure Brighton and Hove Albion a deserved point in a 1-1 draw away at arch-rivals Crystal Palace on Sunday (Oct 18).. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
Singapore takes lead to boost transparency in trade financeWITH the commodity-trade finance business rocked by scandals and structural issues such as falling prices and regulatory pressures on profits, industry watchers are certain that this age-old business is due for reckoning. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Evergrande says it may buy back dollar bonds to boost confidenceCHINA Evergrande Group told investors it may buy back some of its dollar bonds to bolster market confidence, people familiar with the matter said. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Tower of London ravens re-adapt to life after COVID-19 lockdownLONDON: Chris Skaife has one of the most important jobs in Britain. As Yeoman Warder Ravenmaster at the Tower of London, he is responsible for the ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
DBS launches new tranche of structured product with ESG themeDBS is launching a new tranche of a structured product that carries an ESG (environmental, social and governance) theme. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Stocks to watch: SingPost, Biolidics, Keppel DC Reit, DBS, SATS, MetechTHE following companies saw new developments that may affect trading of their shares on Monday: Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »