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The latest announcement is out from Singtel ( (SG:Z74) ).
Singtel announced the sale of 51 million shares in Bharti Airtel Limited by its subsidiary, Pastel Limited, raising approximately SGD1.5 billion. This transaction, conducted on the National Stock Exchange of India, will result in an estimated gain of SGD1.1 billion for Singtel and reduce its stake in Bharti Airtel from 28.3% to 27.5%, reflecting a strategic adjustment in its investment portfolio.
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
Singtel, or Singapore Telecommunications Limited, is a major player in the telecommunications industry, offering a wide range of services including mobile, data, and internet services. The company has a significant market presence in Asia and is known for its strategic investments in regional telecom operators.
Average Trading Volume: 23,534,698
Technical Sentiment Signal: Buy
Current Market Cap: S$69.98B
For a thorough assessment of Z74 stock, go to TipRanks’ Stock Analysis page.