Singtel pursues SGD 2.0 billion buyback and Singtel stock gains 1.01 percent

Published on 10/07/2026 at 09:17 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Singtel stock costs EUR 2.99 on October 7, 2026 after EUR 2.96, plus 1.01 percent. September buybacks reached SGD 103.1 million.

Singtel, SG1T75931496, Illustration mit AI erstellt.

Singtel (ISIN SG1T75931496) was trading at EUR 2.99 at Lang & Schwarz on October 7, 2026 at 9:14 a.m. CEST, up 1.01 percent from the EUR 2.96 prior close. The company is continuing its SGD 2.0 billion value realisation buyback programme, according to Singtel in an announcement dated October 1, 2026.

Buyback activity remains substantial

Singapore Business Review reported on October 6, 2026 that Singtel led September repurchases with SGD 103.1 million. Across the first nine months of 2026, Singtel accounted for SGD 1.05 billion of buybacks, making capital returns the clearest current operating signal for the stock.

The programme is designed to cancel purchased shares. That structure can support earnings per share by reducing the share count, although the cash commitment also makes the pace of capital returns important for valuation.

Underlying profit rises in first quarter

In the first quarter of fiscal 2027, Singtel reported underlying net profit of SGD 831.0 million, up 21.00 percent from SGD 686.0 million a year earlier, according to BriefAsia. Group operating revenue rose 4.90 percent to SGD 3.6 billion, while earnings before interest, taxes, depreciation and amortization increased 8.70 percent to SGD 1.1 billion.

The mix was uneven. Singtel Singapore earnings before interest and taxes fell 2.00 percent to SGD 230.0 million, while Optus earnings before interest and taxes rose 14.00 percent to AUD 152.0 million and NCS earnings before interest and taxes increased 29.00 percent to SGD 102.0 million.

Macquarie trims its target

Macquarie lowered its Singtel price target from SGD 5.29 to SGD 4.98 in a note dated September 21, 2026, while maintaining an Outperform rating, as reported by BriefAsia. The reduction equals 5.86 percent based on the two target values and reflects lower valuations for regional associates and a weaker currency outlook.

Macquarie still projected 12.00 percent core-business growth for fiscal 2027, above management's low-to-mid single-digit guidance, while cutting its earnings per share estimates by 15.00 percent for fiscal 2027 and 10.00 percent for fiscal 2028. The figures leave investors weighing stronger operating momentum against valuation pressure on Singtel's associate holdings.

Stock gains 1.01 percent in Europe

Singtel was trading at EUR 2.99 at Lang & Schwarz on October 7, 2026 at 9:14 a.m. CEST, versus the EUR 2.96 prior close on October 6, 2026. The Singapore-listed security is identified as ticker Z74 on the Singapore Exchange, and the latest euro move gives the buyback and profit figures a modestly positive same-day market backdrop.

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