Macquarie cuts target for Singtel stock to SGD 4.98

Macquarie cut its target for Singtel from SGD 5.29 to SGD 4.98 in a September 21, 2026 note, according to Longbridge. At the Singapore price of SGD 4.16 on October 13, 2026, the revised target stood 19.71 percent above the share price. Singtel stock was at EUR 2.91 at Lang & Schwarz on October 13, 2026 at 2:33 p.m. CEST.

Underlying profit reaches SGD 831.0 million

Singtel's underlying net profit increased 21.00 percent to SGD 831.0 million in the first quarter of fiscal 2027 from SGD 686.0 million a year earlier, according to Longbridge. Group operating revenue rose 4.90 percent to SGD 3.6 billion, while earnings before interest, taxes, depreciation, and amortization increased 8.70 percent to SGD 1.1 billion in the same period.

Reported net profit declined 71.60 percent to SGD 818.0 million because the year-earlier period included exceptional gains, the same September 21, 2026 report said. The contrast between underlying and reported profit makes the quality of earnings the key issue for the next valuation discussion.

Singtel stock stays near its yearly low

The Singapore-listed stock stood at SGD 4.16 on October 13, 2026, with a 52-week range of SGD 4.12 to SGD 5.27. The current level was 21.06 percent below the 52-week high and 0.97 percent above the low. Trading volume was 20,788,800 shares against an average of 25,303,577 shares.

Valuation and the next reporting date

Singtel's market capitalization was SGD 68.3 billion on October 13, 2026, and its price-to-earnings ratio was 12.24. Investing.com lists November 18, 2026 as the next earnings date and gives an average analyst target of SGD 5.313 from 15 analysts.

Comparison with peers

Singtel (Singapore Exchange, SGD): price-to-earnings ratio 12.24, market capitalization SGD 68.3 billion
StarHub (Singapore Exchange, SGD): minus 0.90 percent, price-to-earnings ratio 6.38, market capitalization SGD 1.9 billion
Advanced Info Service (Thailand Stock Exchange, THB): minus 0.60 percent, price-to-earnings ratio 18.44, market capitalization THB 987.4 billion

Price remains the immediate reference

The revised Macquarie target and the first-quarter profit improvement offer two different lenses on Singtel: valuation depends on stronger underlying operations, while reported earnings still reflect the comparison with exceptional gains.

The further course of trading is shown by the continuously updated real-time quote of Singtel stock.

Market context: Current market reports.

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