Should I buy Singtel stock in 2025?

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At HelloSafe, our expert has been monitoring Singtel's performance for over three years. Each month, hundreds of thousands of users in Singapore rely on us to interpret market trends and highlight the most promising investment opportunities. Our reports are produced for informational purposes only and should not be considered as investment advice. In line with our ethical guidelines, we have never been, and will never be, compensated by Singtel.

What is Singtel?

How much is Singtel stock?

The price of Singtel stock is rising this week. As of today, Singtel trades at SGD 3.90, up 1.04% over the past 24 hours and posting a 2.63% gain for the week.

The company holds a market capitalization of SGD 64.36 billion, with an average daily trading volume of 33.63 million shares over the past three months.

Singtel currently trades at its 52-week high and offers a robust dividend policy, making it a compelling choice for both stable income and growth-focused investors.

Our full analysis on Singtel stock

We have meticulously reviewed Singtel’s latest financial results and rigorously analyzed its stock performance over the past three years, leveraging an integrated methodology that fuses primary financial indicators, technical signals, market data, and peer benchmarking within proprietary algorithms. Our assessment synthesizes diverse data streams—from evolving revenue drivers to sector dynamics and shifting competitive landscapes—to offer a comprehensive and insightful view. So, why might Singtel stock once again become a strategic entry point into Southeast Asia’s digital infrastructure and telecom sector in 2025?

Recent Performance and Market Context

The market context for Singtel (SGX: Z74) has turned decisively favorable. As of 9 May 2025, Singtel’s share price has soared to SGD 3.90, marking a new 52-week high and encapsulating a remarkable 64.56% gain over the past year—distinctly outpacing both the Straits Times Index and the broader APAC telecom cohort. This one-year surge is not an isolated spike: shorter-term momentum is robust as well, with the stock advancing +14.71% in the past month alone and +20% in the last six months.

Such sustained outperformance is powered by tangible positive developments:

• Record-breaking Q3 FY2025 earnings: Net income rose 184% YoY to SGD 1.32 billion, with profit margin expanding markedly to 36%, driven by a combination of operational excellence and improved cost efficiency.
• Dividend policy upgrade: The board revised the payout ratio to 70–90% of underlying net profit, plus a value realization dividend—concrete evidence of management’s confidence in future cash flows, and an attractive signal for yield-seeking portfolios.
• ST28 transformation plan: The Singtel28 strategy lays an ambitious pathway for scale and innovation, focusing on integration, monetization, and digital expansion.

Macroeconomic tailwinds favor telco and digital infrastructure providers: increased enterprise digitalization post-pandemic, strong momentum in AI-driven data services, and regional regulatory reforms are all contributing to a renewed appetite for quality telecom assets. Singtel’s ability to capitalize on these trends, amid favorable sector rotation into “new economy” infrastructure, places it in a compelling position relative to competitors.

Technical Analysis

Technical indicators reinforce the fundamentally bullish scenario. As of early May 2025:

• Momentum Indicators: The RSI (14) stands at 62.24—a buy territory, though not yet at extreme overbought levels—while the MACD continues to generate positive signals, underlining the strength of the recent uptrend.
• Price vs. Moving Averages: With current price decisively above the 20/50/100/200-day moving averages (shortest at 3.862, longest at 3.731), the trend is confirmed as bullish, and pullbacks have been resolutely met with renewed buying interest.
• Support and Resistance: Key support levels near 3.87–3.84 provide a solid technical base, while resistance at 3.89–3.90 is being actively challenged; a clean breakout above could signal further substantial upside.
• Short- and Medium-Term Structure: The confluence of strong momentum, robust volume, and repeated tests of new highs suggests Singtel is likely entering a “bullish phase,” where trend-following strategies appear to be validated by market participants.

Overall, technical analysis points to continued optimism and a favorable market structure for those considering fresh exposure.

Fundamental Analysis

Financial Health and Growth Dynamics

• Revenue Engine: Group revenue for Q3 FY2025 reached SGD 3.63 billion (+1% YoY), while annual receipts surpassed SGD 14.1 billion, underpinned by growth in enterprise, 5G, and digital services.
• Profit Recovery: Net profit soared to SGD 1.32 billion in Q3 FY2025 (up 184% YoY), with a transformed profit margin (36% vs 13%) affirming the success of cost restructuring and operational leverage.
• Steadfast Dividend: With a yield of 4.31% and a revised, higher payout framework, Singtel now stands out as the premier yield play among Singapore blue-chips. The dividend includes both a higher “core” and a special component tied to capital recycling.

Valuation Perspective

• Premium P/E Ratio: The trailing P/E of 85.7x is significantly above the sector mean (18.4x), while forward P/E (21.46x) reflects normalization as one-off impacts fade. Such a multiple is justified by strong projected earnings growth of 24.5% p.a. and a leading position in high-barrier-to-entry markets—a pattern typical for digital infrastructure champions.
• Solid P/S and P/B Ratios: Price-to-sales (4.53x) and price-to-book (2.60x) multiples are supported by Singtel’s high-margin growth engines and strategic regional investments across India, Indonesia, and elsewhere.

Strategic Moats

• Regional Leadership: Singtel’s multi-market dominance (Singapore, Australia, plus stakes in Bharti Airtel, Telkomsel, Globe Telecom, AIS) de-risks revenue streams and opens pathways to high-growth, underpenetrated segments.
• ST28 and Technology Expansion: The new plan aligns investments into AI, 5G, data centers, and edge cloud (through Nxera and Paragon), with concrete milestones (e.g., Nxera’s near-tripling of data center capacity).
• Capital Management: Having monetized over SGD 8 billion in assets and committed to deploying up to SGD 6 billion more, Singtel demonstrates a disciplined approach to funding growth and capital returns.

Volume and Liquidity

The trading profile signals robust institutional and retail confidence:

• Average daily turnover: 33.63 million shares—unusually high for SGX large-caps—points to strong market participation and ensures ample liquidity for both entry and exit, even at scale.
• Volatility profile: With a beta of 0.86, Singtel offers steadier performance with less volatility than the market, while still delivering dynamic price action ideal for trend and momentum strategies.
• Float and valuation: The substantial, freely traded float encourages healthy price discovery—yet avoids excess dilution—creating conditions conducive to dynamic valuation upside as catalysts emerge.

Catalysts and Positive Outlook

The next phase of Singtel’s journey is shaped by multi-layered growth engines and a notably constructive environment:

• 5G Monetization: Leadership in 5G unlocks not just consumer ARPU growth, but also enterprise and IoT opportunities via network slicing, APIs, and service bundling—at scale across Asia-Pacific.
• Data Centers and Digital Infrastructure: With Nxera on track to push capacity beyond 200MW, Singtel stands at the heart of the AI and cloud computing revolution, leveraging Singapore’s status as the regional hub.
• Enterprise Innovation: NCS’s focus on AI transformation, tech resiliency, and GPU-based services (e.g., GPUaaS) meets the surging demand for enterprise digitalization and infrastructure modernization.
• Regional Expansion: Strategic stakes in Bharti Airtel, Telkomsel, Globe, and AIS position Singtel to benefit from digital new customer acquisition and broadband growth in high-population, high-ARPU emerging markets.
• Capital Recycling and Partnerships: Strategic deals—such as KKR’s investment in Nxera—demonstrate Singtel’s ability to crowd in external capital, accelerating growth without balance sheet strain.
• ESG Leverage: Progressive ESG initiatives and emissions targets place Singtel on the radar of global institutional investors, further broadening its appeal.

Combine these with global shifts favoring digital infrastructure, government support for tech innovation, and increasing regional demand for telecom/data services, and Singtel’s runway for growth becomes self-reinforcing.

Investment Strategies: Why Timing Favors Action

Given the confluence of technical and fundamental indicators:

• Short-term: Momentum signals, proximity to 52-week highs, and bullish technical readings all point to Singtel being ideally situated for swing and trend trades. Traders can leverage clear support/resistance levels and robust volume for confidence in trade execution.
• Medium-term: The slew of upcoming catalysts—dividend payments, Singtel28 execution updates, earnings releases—suggests further valuation re-rating is plausible.
• Long-term: For patient capital, Singtel’s “digital infrastructure champion” status, embedded cash flow growth, and exposure to emerging APAC markets offer credible prospects for sustained value creation, anchored by upgraded dividends and visible reinvestment discipline.

Investors who position at current levels may benefit from Singtel’s intersection of yield, growth, and regional digital transformation—as well as the technical set-up of a breakout from multi-year resistance.

Is it the Right Time to Buy Singtel?

Key Strengths Summary

• Sector leadership: Singtel holds commanding positions in Singapore and Australia, with strategic investments across Asia.
• Growth engines firing: 5G, data centers, AI/cloud infrastructure, and regional broadband expansions all underpin multi-year growth visibility.
• Stand-out dividend: 4.31% yield with further enhancement from rising core earnings and non-core capital returns.
• Technical and trading momentum: The stock is breaking out on strong volume and sustained institutional demand.
• Constructive market context: Macro and sectoral forces are tailwinds—not headwinds—for telco and digital asset providers in Asia-Pacific.

Outlook: Upside Conviction in a Transforming Sector

Of course, some execution risk and valuation premium are present—reflected in the stock’s elevated trailing P/E—but premium growth warrants premium multiples, especially for a digital leader delivering both robust profits and strong dividend streams. The fundamentals justify renewed interest: Singtel seems to represent an excellent opportunity at the crossroads of Asia’s digital transformation.

As the Singtel28 plan accelerates, data center and digital services revenues ramp up, and 5G/AI monetization gathers pace, this blue-chip is poised to join the ranks of regional “new economy” winners. With a blend of dependable yield, structural growth, and tight technical set-up, Singtel’s stock may indeed be entering a fresh bullish phase—making it a compelling candidate for investors seeking both stability and upside in today’s market.

In sum, Singtel is at the forefront of digital infrastructure evolution in Asia, and current market, technical, and strategic indicators all suggest that 2025 could be the year the stock unlocks its next leg of growth—making now a moment well worth considering for any Singapore-focused portfolio seeking quality and conviction.

How to buy Singtel stock in Singapore?

Buying Singtel stock online is both simple and secure when using a regulated broker in Singapore. Investors have two main options: purchasing shares outright (spot buying/cash purchase), or trading via Contracts for Difference (CFDs), which allow for leveraged positions. Spot buying makes you a direct shareholder, while CFDs let you gain exposure to the stock’s price movements with added flexibility. Each method has its own advantages and risks, and understanding these is key before investing. Below, you’ll find a comparison of brokers to help you choose the best platform for your needs.

Cash Buying

A cash purchase of Singtel stock means you buy real shares, making you a part-owner of the company with full shareholder rights—including dividends. In Singapore, cash purchases are made through brokers regulated by the Monetary Authority of Singapore (MAS). Typical fees include a fixed commission per order, usually around SGD 5 to SGD 25, depending on your platform and order size.

Important example

For example, if the Singtel share price is SGD 3.90, a $1,000 investment allows you to purchase approximately 255 shares (1,000 ÷ 3.90 ≈ 256; accounting for a typical SGD 5 commission, you can buy around 255 shares).
Gain scenario:
If the Singtel share price rises by 10%—from SGD 3.90 to SGD 4.29—your shares are now worth SGD 1,100.
Result: That’s a gross profit of SGD 100, or 10% on your original investment (excluding fees and taxes).

Trading via CFD

CFD (Contract for Difference) trading allows you to speculate on Singtel’s share price without actually owning the stock. With CFDs, you can leverage your position; in Singapore, major online brokers typically offer leverage up to 5x on blue-chip stocks like Singtel. Fees include a spread (the difference between buy and sell price) and overnight financing charges for positions held beyond a day.

Important example

For example, with a $1,000 margin and 5x leverage, you can open a CFD position worth $5,000 on Singtel shares.
Gain scenario:
If Singtel’s stock price rises by 8%, your CFD position gains 8% × 5 = 40%.
Result: You make a $400 profit on your $1,000 stake (excluding spread and overnight fees). Be aware, losses are equally magnified, so risk management is essential.

Final Advice

It’s essential to compare brokers’ fees, trading conditions, and platform features before making your choice. Your investment decision should reflect your financial goals: spot buying suits investors seeking long-term ownership and dividends, while CFDs are better for those looking for short-term opportunities and leverage. For a detailed comparison of the most popular brokers in Singapore, see the table further down the page. Whatever your approach, always invest with confidence and a clear understanding of your chosen method.

Our 7 tips for buying Singtel stock

The latest news about Singtel

Singtel stock hits 52-week high amid strong technical buy signals and sustained rally. The company's share price climbed 2.63% over the last week to reach SGD 3.90—its highest level in a year—reinforced by an exceptional 64.56% gain over 12 months and a robust 14.71% surge in the past month. Technical analysis indicates strong bullish momentum, with readings across all major moving averages and momentum oscillators pointing to a “Strong Buy,” and price now consistently trading above key support levels. This outperforming trend stands in sharp contrast to broader Singapore market averages and underscores elevated investor confidence anchored in Singtel’s recent strategic advances.

Q3 FY2025 results show explosive profit recovery and improved margin profile. Singtel’s most recent quarterly results highlighted a 184% year-on-year increase in net income to SGD 1.32 billion, with revenue rising by 1% to SGD 3.63 billion for the quarter ended December 2024. Profit margins soared to 36%—up dramatically from 13% the year prior—largely due to operational efficiencies and lower one-off charges compared to the impairment-led drag in FY2024. The return to substantial profitability appears to have catalyzed positive sentiment among institutional investors and market participants in Singapore, and demonstrates operational resilience and stronger earnings quality.

Revised dividend policy enhances returns for Singaporean income investors. Singtel has revised its dividend payout scheme, now committing to distribute 70-90% of net profit (up from 60-80%) in addition to a value realization dividend of 3-6 cents per share. With a current yield of 4.31%—well above many alternatives in the local market—this increased payout policy reinforces the stock’s appeal to Singapore-based investors prioritizing stable, attractive dividend income. The upcoming ex-dividend date of November 20, 2024, is already drawing focus from yield-seeking portfolios, boosting share demand locally.

Singtel28 strategy drives optimism, with visible momentum in digital and data center expansion. Management’s “Singtel28” growth plan continues to gain traction, prioritizing integration of consumer and enterprise segments, simplification through AI, and rapid digital infrastructure development. Execution of the Nxera data center expansion—on track to triple capacity to 200MW within three years—and the scaling up of digital platforms like Paragon and GPU-as-a-Service signal a pivot towards high-growth adjacencies. Partnerships with global investors such as KKR are unlocking asset value and funding new initiatives, supporting Singtel’s ambitions as a key regional technology and infrastructure leader and underpinning long-term upside for domestic shareholders.

Consensus upgrades earnings outlook as Singtel cements market leadership in Singapore and regionally. Analyst consensus now forecasts annualized earnings growth of nearly 24.5% and average revenue growth of 2.7% over the next three years, marking a material upgrade in expectations for the group. Singtel’s entrenched leadership in Singapore’s telecom market, alongside strong regional exposure via its core and associate businesses, provides defensiveness and access to secular growth drivers such as 5G, enterprise services, and AI infrastructure. This positive backdrop has further accelerated interest from both local and regional institutional investors as reflected in the elevated trading volumes and constructive price action.

FAQ

P. Laurore

Finance expert

Co-founder of HelloSafe and holder of a Master's degree in finance, Pauline has recognised expertise in personal finance, which she uses to help users better understand and optimise their financial choices. At HelloSafe, Pauline plays a key role in designing clear, educational content on savings, investments and personal finance. Passionate about financial education, Pauline strives, with every piece of content she oversees, to provide reliable, transparent and unbiased information for independent and informed financial management. To this end, she has tested over 100 trading platforms to help internet users make the right choices.