Broker Name: Maybank Research Pte Ltd
Date of Report: September 30, 2025
Excerpt from Maybank Research Pte Ltd report.
Report Summary
- Optus, Singtel’s Australian subsidiary, experienced two emergency call outages in September 2025, resulting in tragic casualties but limited financial impact; past major incidents (cyberattack, network outage) had similarly contained costs and subscriber churn.
- While recent outages heighten near-term risks for Optus (potentially affecting churn, pricing power, and requiring higher capex/provisions), Singtel’s diversified earnings base and ongoing SGD2b share buyback program help mitigate risk of significant share price decline; Singtel’s fundamentals and growth outlook remain robust.
Above is an excerpt from a report by Maybank Research Pte Ltd. Clients of Maybank Research Pte Ltd can be the first to access the full report from the Maybank Research website : https://www.maybank-keresearch.com
