Macquarie cuts target for Singtel stock from SGD 5.29 to SGD 4.98

Published on 10/15/2026 at 11:03 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-quarter underlying net profit rose 21.00 percent to SGD 831 million from SGD 686 million. Singtel stock costs EUR 2.88 on October 15, 2026.

Macquarie changes its valuation view

Macquarie lowered Singtel's target from SGD 5.29 to SGD 4.98 on September 21, 2026.
Underlying net profit reached SGD 831 million in the first quarter of fiscal 2027, up from SGD 686 million.
Singtel stock traded at EUR 2.88 at 11:00 a.m. CEST at Lang & Schwarz on October 15, 2026.

Singtel, SG1T75931496, Illustration mit AI erstellt.

Singtel (ISIN SG1T75931496) was trading at EUR 2.88 at Lang & Schwarz on October 15, 2026 at 11:00 a.m. CEST. Longbridge reported that Macquarie lowered its target from SGD 5.29 to SGD 4.98 on September 21, 2026, while keeping its Outperform rating.

What does the target cut change?

Macquarie cited lower valuations for Singtel's regional associates and a weaker currency outlook. The brokerage still projected 12.00 percent growth in core operations for fiscal year 2027, above management's low-to-mid single-digit guidance, according to Longbridge.

The revised target remains above the Singapore-listed share price of SGD 4.15 at 4:52 p.m. SGT on October 15, 2026, although that primary-exchange quotation is separate from the euro reference price. Finance data put Singtel's market capitalization at SGD 67.6 billion at that time.

Three milestones shape the case

Singtel reported underlying net profit of SGD 831 million for the three months ended June 30, 2026, up 21.00 percent from SGD 686 million a year earlier, while operating revenue rose 4.90 percent to SGD 3.6 billion, according to Longbridge.

In chronological order, Singtel's first-quarter results on August 11, 2026 included SGD 831 million of underlying net profit. Macquarie's September 21, 2026 note cut the target to SGD 4.98 from SGD 5.29. On October 6, 2026, Singtel accounted for SGD 1.05 billion of aggregate buyback consideration, according to SBR.

Where does shareholder income fit?

Singtel paid a record SGD 0.185 per share dividend for fiscal year 2026, including a SGD 0.134 core dividend and a SGD 0.051 value-realization dividend. The figures underline the role of asset sales and capital recycling alongside operating earnings, a distinction that matters when assessing the revised target.

Stock trades at EUR 2.88

Singtel's latest euro quotation gives investors a dated German-market reference, while the SGD 4.98 target remains tied to Macquarie's September 21, 2026 assessment. The further course of trading is shown by the continuously updated real-time quote of Singtel stock.