Maybank keeps Buy rating for Singtel stock at SGD 5.21

Published on 10/08/2026 at 11:06 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Singtel stock was at EUR 2.95 on October 8, 2026, down 1.34 percent. Underlying net profit rose 27.00 percent to SGD 831 million in the first quarter.

Singtel, SG1T75931496, Illustration mit AI erstellt.

Singtel (ISIN SG1T75931496) was trading at EUR 2.95 at Lang & Schwarz on October 8, 2026 at 11:00 a.m. CEST, down 1.34 percent versus the EUR 2.99 prior close. The latest analyst action came from Maybank, which maintained a Buy rating and set a SGD 5.21 price target on October 7, 2026, as Markets Insider reported.

Profit growth sharpens the picture

Singtel's underlying net profit rose 27.00 percent year over year to SGD 831 million in the first quarter of fiscal 2027, according to The Smart Investor. The comparison matters because the result reflects underlying earnings rather than a one-off portfolio gain, giving investors a cleaner view of operating progress.

The operating split was mixed. Singtel Singapore generated EBIT of SGD 230 million, down 2.00 percent from a year earlier, while Optus EBIT rose 14.00 percent to AUD 152 million and NCS EBIT increased 29.00 percent to SGD 102 million in the same quarter.

Associates carry more weight

Group EBIT reached SGD 462 million, up 10.00 percent year over year, while regional associates delivered post-tax profit of SGD 543 million, up 16.10 percent, The Smart Investor reported. Those figures show why Singtel's earnings story cannot be judged by its domestic telecom operation alone.

For investors, the key distinction is between the group's slower Singapore business and its faster-growing regional and enterprise assets. Optus and NCS supplied the strongest operating momentum in the quarter, while associate profits remained a major contributor to the group's underlying result.

Maybank target stands above the quote

Maybank's SGD 5.21 target is stated in Singapore dollars and therefore cannot be compared directly with the EUR 2.95 Lang & Schwarz quote. The rating nevertheless adds a dated market view to the earnings evidence, while the one-year Singapore-dollar range of SGD 4.15 to SGD 5.27 places the target close to the upper end of the latest primary-market range.

Stock trades below prior close

Singtel was trading at EUR 2.95 at Lang & Schwarz on October 8, 2026 at 11:00 a.m. CEST, down 1.34 percent versus the EUR 2.99 prior close at Lang & Schwarz dated October 7, 2026. The further course of trading is shown by the continuously updated real-time quote of Singtel stock.