Goldman Sachs says focus in SingTel’s (Z74.SG) 2Q11 results will be on performance of SingTel’s Singapore, Australian businesses, as key associates have reported September-quarter results (Bharti Airtel today reported 27% on-year drop in 2Q net profit); tips 2Q net profit at $934 million.
Says, Singapore currently tracking ahead of guidance with 1Q11 sales +9.9% (vs guidance of mid-single-digit growth), EBITDA +2.7% (vs guidance of low- to mid-single-digit decline).



