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Singtel ( (SG:Z74) ) has issued an update.
Singtel has clarified that, as part of a consortium, it is in advanced discussions regarding a potential transaction involving data centre operator STT GDC Pte. Ltd., following a media report suggesting a KKR-led group is set to buy the firm at a valuation of over US$10 billion. The company stressed that no definitive or binding agreement has been reached and cautioned investors against relying on media speculation when dealing in Singtel securities, pledging to make further disclosures only if there are material developments in line with its listing obligations.
The most recent analyst rating on (SG:Z74) stock is a Buy with a S$5.08 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 major Singapore-based telecommunications company that provides mobile, fixed-line, broadband and enterprise services, including data centre and digital infrastructure solutions, to customers in Singapore and across the region.
YTD Price Performance: 0.88%
Average Trading Volume: 21,025,583
Technical Sentiment Signal: Buy
Current Market Cap: S$75.75B
Learn more about Z74 stock on TipRanks’ Stock Analysis page.