DBS maintains Buy rating for Singtel stock

Published on 10/13/2026 at 10:40 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Singtel stock costs EUR 2.91 on October 13, 2026 in trading. DBS kept a SGD 5.46 target, while market value was SGD 68.6 billion.

DBS maintained a Buy rating and a SGD 5.46 price target for Singtel on October 9, 2026.
Singtel stock was trading at EUR 2.91 at Lang & Schwarz on October 13, 2026 at 10:35 a.m. CEST.
Underlying net profit rose 21.00 percent to SGD 831 million in the first quarter of fiscal 2027.
Singtel had bought back 30,526,500 shares under its SGD 2 billion program by September 22, 2026.

Singtel, SG1T75931496, Illustration mit AI erstellt.

Singtel (ISIN SG1T75931496) was trading at EUR 2.91 at Lang & Schwarz on October 13, 2026 at 10:35 a.m. CEST. The Edge Singapore reported on October 9, 2026, that DBS analyst Sachin Mittal maintained a Buy rating and a SGD 5.46 price target after Bharti Airtel raised postpaid prices in India.

Three milestones shape the story

On August 13, 2026, Singtel reported first-quarter fiscal 2027 underlying net profit of SGD 831 million, up 21.00 percent from SGD 686 million a year earlier, according to BriefAsia. Group operating revenue increased 4.90 percent to SGD 3.6 billion, while earnings before interest, taxes, depreciation, and amortization rose 8.70 percent to SGD 1.1 billion.

On September 22, 2026, Singtel disclosed that 1,582,500 shares had been bought back and canceled that day under its SGD 2 billion value realization program. The cumulative total reached 30,526,500 shares, equal to 0.187 percent of issued shares, according to the Singapore Exchange.

What does the analyst view mean?

DBS kept its SGD 5.46 target on October 9, 2026, while Macquarie had cut its target to SGD 4.98 from SGD 5.29 on September 21, 2026 and retained an Outperform rating, according to BriefAsia. The contrasting targets put associate valuations, currency exposure, and the performance of Optus, NCS, and Digital InfraCo at the center of the debate.

Macquarie projected 12.00 percent core business expansion in fiscal 2027, above management's low-to-mid single-digit growth guidance. Its analysis also said each SGD 300 million RE:AI GPU-as-a-service contract could add SGD 0.12 per share to fair value, giving investors a concrete measure for the digital infrastructure opportunity.

Stock price and market scale

The Lang & Schwarz quote was EUR 2.91 on October 13, 2026 at 10:35 a.m. CEST during Xetra trading hours. The primary-market quote was SGD 4.18 on the Singapore Exchange at 8:29 a.m. UTC on October 13, 2026, and the market capitalization was SGD 68.6 billion. The 52-week Singapore Exchange range was SGD 4.12 to SGD 5.27.

The further course of trading is shown by the continuously updated real-time quote of Singtel stock.