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An announcement from Singtel ( (SG:Z74) ) is now available.
Singtel has clarified its position regarding a media article about a potential $3.9 billion deal involving the full ownership of a Singapore data center firm. The company is in discussions as part of a consortium regarding STT GDC Pte. Ltd., but there is no certainty of a definitive agreement. Singtel advises investors to exercise caution with media reports on potential transactions until official announcements are made.
The most recent analyst rating on (SG:Z74) stock is a Buy with a S$5.04 price target. To see the full list of analyst forecasts on Singtel stock, see the SG:Z74 Stock Forecast page.
More about Singtel
Singapore Telecommunications Limited (Singtel) is a leading telecommunications company in Singapore, engaged in providing a wide range of services including mobile, broadband, and digital solutions. The company is focused on expanding its presence in the data center market, which is a growing sector in the telecommunications industry.
Average Trading Volume: 23,534,698
Technical Sentiment Signal: Buy
Current Market Cap: S$69.98B
See more data about Z74 stock on TipRanks’ Stock Analysis page.