Singtel must show results from NCS, Optus divisions to drive further share price growth: analysts

They are also looking for potential expansion that emanates from big ticket deals, such as the data centre agreements announced earlier this year

TELCO giant Singtel’s share price has risen significantly in recent weeks as investors have gained a better understanding of how the company will execute its dividend plans.

Year-to-date as at Sep 30, the company’s share price has risen 31.2 per cent. In just over a month after the company’s investor day on Aug 29, its share price has risen by 7.3 per cent.

Even so, analysts expect that the company will need to show further consistency in the performance of its Australian subsidiary, Optus, as well as its technology services arm, NCS.