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

Published on 10/21/2026 at 16:29 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue fell 3.10 percent in the first quarter. Singtel stock costs EUR 2.92 on October 21, 2026, down 3.31 percent versus the Tradegate close.

Macquarie target and market price

Macquarie cut its Singtel target from SGD 5.29 to SGD 4.98 on September 21, 2026.
First-quarter operating revenue fell 3.10 percent to SGD 901 million.
Singtel stock costs EUR 2.92 at Lang & Schwarz, down 3.31 percent versus the Tradegate close.
The market capitalization stood at SGD 68.2 billion on October 21, 2026.

Singtel, SG1T75931496, Illustration mit AI erstellt.

Macquarie cut its Singtel target from SGD 5.29 to SGD 4.98 on September 21, 2026, while keeping its Outperform rating, as The Business Times reported. The stock was trading at EUR 2.92 at Lang & Schwarz on October 21, 2026 at 4:12 p.m. CEST, down 3.31 percent versus the Tradegate close of October 20, 2026 at EUR 3.02.

Macquarie lowers its target

The revised target is 18.62 percent above the current Singtel price in Singapore dollars, using SGD 4.19 as the exchange-listed price on October 21, 2026. Macquarie maintained its Outperform view and projected 12.00 percent core-business expansion in fiscal year 2027, according to The Business Times.

Revenue pressure meets profit growth

Singtel Singapore's operating revenue fell 3.10 percent year over year to SGD 901 million in the first quarter ended June 30, 2026, from SGD 929 million. The Straits Times linked the decline to intense price competition. Across the group, underlying net profit rose 21.00 percent to SGD 831 million for the same quarter, from SGD 686 million.

Price position and valuation

On the Singapore Exchange, Singtel last stood at SGD 4.19 on October 21, 2026 at 5:04 p.m. SGT. Its 52-week range was SGD 4.09 to SGD 5.27, placing the latest Singapore price 20.49 percent below the high and 2.44 percent above the low. The market capitalization was SGD 68.2 billion, the price-to-earnings ratio was 12.32, and the dividend yield was 4.00 percent.

Comparison with peers

Singtel: down 3.31 percent, price-to-earnings ratio 12.32, market capitalization SGD 68.2 billion.

Singapore Airlines (Singapore Exchange, SGD): up 0.92 percent, price-to-earnings ratio 22.41, market capitalization SGD 20.7 billion.

Telstra Group (ASX, AUD): up 1.89 percent, price-to-earnings ratio 24.41, market capitalization AUD 53.8 billion.

Target cut sets the market question

For investors, the key tension is the gap between stronger underlying earnings and weaker Singapore operating revenue. Macquarie's target reduction from SGD 5.29 to SGD 4.98 keeps associate valuations and currency exposure central to the investment case, while the first-quarter profit increase provides a counterweight.

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