Singtel stock: Macquarie cut target for Singtel stock to SGD 4.98

Published on 10/20/2026 at 16:52 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Macquarie cut its target to SGD 4.98 on September 21, 2026. Singtel stock costs EUR 2.96 on October 20, 2026; Singapore last stood at SGD 4.23.

Macquarie cuts target to SGD 4.98

Macquarie cut Singtel's target from SGD 5.29 to SGD 4.98 on September 21, 2026.
Underlying net profit increased 21.00 percent to SGD 831.0 million in the first quarter ended June 2026.
Singtel stock costs EUR 2.96 at Lang & Schwarz on October 20, 2026 at 4:36 p.m. CEST.
The company's market capitalization was SGD 68.9 billion on October 20, 2026.

Singtel, SG1T75931496, Illustration mit AI erstellt.

Singtel stock (ISIN SG1T75931496) is the subject of a Macquarie target cut to SGD 4.98 from SGD 5.29, disclosed on September 21, 2026. According to BriefAsia, the brokerage maintained its Outperform rating while citing lower values for regional associates and a weaker currency outlook. At Lang & Schwarz, the stock was trading at EUR 2.96 on October 20, 2026 at 4:36 p.m. CEST.

Underlying profit reached SGD 831 million

The latest operating picture offers a stronger counterweight to the valuation reset. Singtel's underlying net profit rose 21.00 percent to SGD 831.0 million in the first quarter ended June 2026, compared with SGD 686.0 million a year earlier, while group operating revenue increased 4.90 percent to SGD 3.6 billion. These figures were reported by BriefAsia.

Range leaves room for reassessment

Singtel's latest Singapore quote stood at SGD 4.23 on October 20, 2026 at 5:06 p.m. SGT. The 52-week range was SGD 4.09 to SGD 5.27, placing the latest price SGD 1.04 below the high and SGD 0.14 above the low. Trading volume reached 24,273,000 shares, while the price-to-earnings ratio was 12.44.

Valuation and reporting period

The target revision puts Macquarie's SGD 4.98 valuation 17.73 percent above the latest Singapore price of SGD 4.23. The comparison is useful because the same report sees 12.00 percent core-business expansion in fiscal year 2027, but also highlights higher depreciation from digital infrastructure investments. The investor-relations page identifies the business update as covering the first quarter ended June 2026, according to Singtel.

What does the target cut change?

The revised target shows how associate valuations and currency assumptions can offset progress in Singtel's operating businesses. Investors therefore have two concrete markers: underlying profit of SGD 831.0 million in the first quarter and a target that remains 17.73 percent above the Singapore quote.

Stock price and investor view

Singtel combines a current euro indication of EUR 2.96 with a Singapore market value of SGD 68.9 billion and a price-to-earnings ratio of 12.44. The range from SGD 4.09 to SGD 5.27 also places the stock closer to its yearly low than its yearly high.

At Lang & Schwarz, Singtel stock was trading at EUR 2.96 on October 20, 2026 at 4:36 p.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Singtel stock.