Singtel's headwinds will persist unless ICT segment recovers: analyst

Submitted By:  Arianna Danganan Case Study:  No Its core mobile business remains lethargic amidst Telkomsel’s positive contributions, an analyst said. Singtel’s earnings headwinds will persist across its mobile footprint unless group and ICT revenue which are its key growth drivers can make a recovery, according to RHB Research. The report highlighted that through the resumption of smart nation projects following the government’s review of cyber security risks and measures, as well as additional opex savings, Singtel may see its earnings inch up. read more