Singapore Telecommunications (ST SP): SingTel, as Southeast Asia’s biggest telephone operator is known, dropped 2.3% to $3.42. DBS Group Holdings cut its rating on SingTel to “hold” from “buy,” saying its shares have already priced in potential positive news on earnings. The company is expected to announce earnings for the first-quarter ended June 30 on Aug 13.
Posts Tagged ‘singapore telecommunications’
SingTel drops 2.3% as DBS cuts rating to ‘hold’
August 3rd, 2009 |
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Optus launches €2b medium term note
July 31st, 2009 |
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Singapore Telecommunications says Optus Finance Pty, its wholly-owned unit, has established a €2 billion Medium Term Note Programme.
Rating agencies Moody’s Investors Service and Standard & Poor’s have assigned ratings of Aa3 and A+ respectively to the EMTN programme, in line with Optus’ current long term ratings, says SingTel in a statement to the SGX.
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Singtel drops 2% as BNP cuts ‘buy’ to ‘hold’
July 30th, 2009 |
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Singapore Telecommunications (ST SP), Southeast Asia’s biggest telephone operator, dropped 2% to $3.39. The company was cut to “hold” from “buy” at BNP Paribas, which said valuations are now “fair” following the stock’s gain this year.
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July 30: STI opens flat at 2,603.07
July 30th, 2009 |
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Singapore’s benchmark stock index, the Straits Times Index, fell 0.04% at 9:05 a.m.
The index of 30 companies traded on Singapore Exchange fell 0.99 to 2,603.07. Among the stocks in the index, 13 rose, 11 fell and 6 were unchanged.
Declines in the Straits Times Index were led by Capitaland, Singapore Telecommunications and Olam International. About 88.02 million shares changed hands in Singapore.
Straits Asia Resources, which rose 3 cents to $1.94, was the most active stock by value in Singapore.
The next most-active issues were Singapore Telecommunications, which fell 1 cents to $3.45, and Capitaland, which fell 7 cents to $3.93.
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SingTel cut to ‘hold’ from ‘buy’ at BNP Paribas on valuations
July 30th, 2009 |
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Singapore Telecommunications was cut to “hold” from “buy” at BNP Paribas, which said valuations are now “fair” following the stock’s gain this year.
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