DBS keeps Buy rating for Singtel stock at SGD 5.46

Published on 10/09/2026 at 11:20 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Singtel stock costs EUR 2.95 on October 9, 2026 after EUR 2.96. Underlying profit rose 27.00 percent to SGD 831 million in fiscal 2027 first quarter.

Key points in brief

DBS Group Research kept a Buy rating and SGD 5.46 target for Singtel on October 9, 2026.
Singtel's underlying net profit rose 27.00 percent to SGD 831 million in fiscal 2027 first quarter.
Singtel stock was EUR 2.95 at Lang & Schwarz on October 9, 2026, down 0.34 percent from EUR 2.96.
Singtel's SGD 2.0 billion buyback program had purchased 36,446,100 shares by September 30, 2026.

Singtel, SG1T75931496, Illustration mit AI erstellt.

Singtel stock (ISIN SG1T75931496) was at EUR 2.95 at Lang & Schwarz on October 9, 2026 at 11:13 a.m. CEST, down 0.34 percent from the EUR 2.96 prior close. DBS Group Research's Sachin Mittal maintained a Buy rating and an SGD 5.46 target on October 9, 2026, as The Edge Singapore reported.

Three buyback and growth milestones

On September 22, 2026, Singtel's buyback notice recorded 1,582,500 shares purchased and cancelled under its SGD 2.0 billion value-realization program, according to Singapore Exchange.

On September 30, 2026, a further 1,000,000 shares were purchased and cancelled at SGD 4.27 to SGD 4.28. Cumulative purchases reached 36,446,100 shares, equal to 0.223 percent of issued shares, while the program authorized up to 815,992,956 shares, the Singapore Exchange filing showed.

On October 9, 2026, DBS kept its SGD 5.46 target after Bharti Airtel raised Indian postpaid prices by INR 50 per month from October 8, 2026. That connects Singtel's valuation case to associate earnings rather than only to its domestic Singapore telecom business.

What does the earnings base show?

Singtel's underlying net profit rose 27.00 percent year over year to SGD 831 million in the first quarter of fiscal 2027, from SGD 686 million, while operating revenue increased 4.90 percent to SGD 3.60 billion, according to Brief Asia. Reported net profit fell 71.60 percent to SGD 818 million because the prior-year period included exceptional asset-sale gains.

The same first-quarter update showed earnings before interest, taxes, depreciation and amortization up 8.70 percent to SGD 1.10 billion. The contrast between underlying and reported profit makes the recurring earnings figure the cleaner measure for the current rating discussion.

Dates and valuation context

Singtel is scheduled to publish its fiscal 2027 first-half results in November 2026, according to Lianhe Zaobao. The date gives the next formal checkpoint for management's earnings-growth outlook.

Maybank kept a Buy rating and set an SGD 5.21 target on October 7, 2026, while the reported consensus target stood at SGD 5.32, according to Markets Insider. Macquarie had cut its target from SGD 5.29 to SGD 4.98 on September 21, 2026, while retaining Outperform, according to Brief Asia.

Singtel stock stays near its yearly floor

Singapore Telecommunications is listed as Singtel, ticker Z74, on the Singapore Exchange. The latest structured quote showed a market capitalization of SGD 69.6 billion and a 52-week range of SGD 4.15 to SGD 5.27 on October 9, 2026, placing the Singapore quote near its yearly low while the German-market indication was EUR 2.95.

At Lang & Schwarz, Singtel was trading at EUR 2.95 on October 9, 2026 at 11:13 a.m. CEST, down 0.34 percent versus the EUR 2.96 prior close. The further course of trading is shown by the continuously updated real-time quote of Singtel stock.