Singtel Launches S$2 Billion Share Buyback to Boost Shareholder Value

Singtel ( (SG:Z74) ) has provided an announcement.

Singtel has announced a S$2 billion share buyback program as part of its capital management strategy to enhance shareholder value. This initiative, funded by excess capital from asset recycling, reflects Singtel’s confidence in its long-term growth and commitment to returning capital to shareholders. The program is part of a broader strategy that includes a revised dividend policy and an increased asset recycling target of S$9 billion, aiming to support business growth and optimize capital structure.

The most recent analyst rating on (SG:Z74) stock is a Buy with a S$3.10 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, providing a wide range of services including mobile, broadband, and digital solutions. The company focuses on leveraging technology to enhance connectivity and communication services across the Asia-Pacific region.

Average Trading Volume: 33,984,738

Technical Sentiment Signal: Buy

Current Market Cap: S$62.55B

For detailed information about Z74 stock, go to TipRanks’ Stock Analysis page.