Streetbeat News

SGAPY

Singapore Telecommunications Limited

https://www.singtel.com/

CEO

Sock Koong Chua

Open

23.16

Mkt cap

38B

Volume

2.7K

High

23.16

P/E Ratio

-385.83

52-wk high

26.75

Low

23.15

Div yield

0.03

52-wk low

16.70

Private equity firms KKR & Co Inc and Bain Capital are investing heavily in Asia's data center market, driven by the region's increasing demand for computing and data storage, fueled by AI and cloud services growth. KKR purchased a 20% stake in Singapore Telecommunications Ltd's data center business, while Bain Capital plans to privatize Chindata Group Holdings. The demand in Asia is expected to grow 25% annually until 2028, outpacing the U.S. Amazon has also announced significant investments in India to expand its cloud infrastructure.

Portfolio Pulse from Benzinga Neuro

January 15, 2024 | 8:02 am

Singapore's economy saw a 2.8% year-on-year growth in Q4 2023, surpassing expectations with significant contributions from the construction and manufacturing sectors. This growth is an increase from the 1% in Q3 and a total expansion of 1.2% in 2023, although lower than the 3.6% in 2022. Economists predict a brighter outlook for 2024, with GDP growth estimates around 1% to 3%. U.S.-listed Singaporean companies like CapitaLand Ascendas REIT, Keppel Corp, and Singapore Telecommunications experienced share price increases following the news.

Portfolio Pulse from Benzinga Neuro

January 02, 2024 | 7:51 am

Private equity firm KKR has committed to invest $1.1 billion for a 20% stake in Singtel's regional data centre business. This investment is expected to boost Singtel's growth in the data centre market.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 4:33 am

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