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Singapore Telecommunications Ltd.

Company Background

Formerly the public telephone authority, Singapore Telecommunications (SingTel) was privatized in 1992, before it listed the shares on the Singapore Exchange in 1993. Temasek Holdings, Singapore's sovereign wealth fund, holds a majority of the shares. The group's chief executive, Chua Sock Koong, joined the company in 1989. She was chief financial officer before taking over as CEO in 2007. Forbes magazine ranked her as one of the world's 100 most powerful women in 2014.

SingTel Group makes most of its money outside Singapore, through major telecommunication affiliates. Not only does it own Optus of Australia, it also partially owns Bharti Airtel of India, Telekomunikasi Selular of Indonesia, Advanced Info Service of Thailand, Globe Telecom of the Philippines and Pacific Bangladesh Telecom of Bangladesh. The company has been making a series of acquisitions in the digital advertisement industry through Amobee, a former Silicon Valley-based ad agency wholly owned by SingTel since 2012.

Business Summary

Singapore Telecommunications Ltd. is an investment holding company, which engages in the provision of telecommunications systems and services. It operates through the following segments: Group Consumer, Group Enterprise, Group Digital Life, and Corporate. The Group Consumer segment includes mobile, pay TV, fixed broadband and voice, as well as equipment sales. The Group Enterprise segment provides services include mobile, equipment sales, fixed voice and data, managed services, cloud computing, cyber security, information technology, and professional consulting. The Group Digital Life segment focuses on digital marketing, regional premium over-the-top video, and advanced analytics and intelligence capabilities. The Corporate segment comprises the costs of Group functions not allocated to the business segments. The company was founded on March 28, 1992 and is headquartered in Singapore.

Financial Highlights

Mar 2022 SGDUSD
Gross Profit2,828.70M2,097.41M
Operating income887.60M658.13M
Income before tax1,096M812.65M
Net income1,948.50M1,444.76M
Diluted EPS0.110.08
Dividends Per Share0.090.06
Total Assets49,131M36,303.24M
Total liabilities22,034.30M16,281.30M
Total equity27,080.10M20,009.67M
Operating cash flow4,902.80M3,635.31M
Currency in SGDCurrency in USD

Historical Data

 Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Revenue 17,268M 17,371.70M 16,542.30M 15,644M 15,339.10M
Gross Profit 5,076.80M 4,717.60M 3,869.30M 2,912M 2,828.70M
Operating income 2,540.20M 2,245M 1,782.30M 898.20M 887.60M
Income before tax 4,350.90M 2,183.20M 287.10M -522.90M 1,096M
Net income 5,473M 3,094.50M 1,074.60M 553.70M 1,948.50M
EBITDA 4,791.70M 4,467.20M 4,362.60M 3,583M 3,610.10M
Diluted EPS 0.33 0.18 0.06 0.03 0.11
Dividends Per Share 0.20 0.17 0.12 0.07 0.09
Total Assets 48,495.50M 48,914.80M 48,954.90M 47,998.40M 49,131M
Total liabilities 18,784M 19,105.10M 22,140.90M 21,487M 22,034.30M
Total equity 29,714.70M 29,837.80M 26,789.20M 26,485.80M 27,080.10M
Operating cash flow 5,593.50M 4,989.80M 5,508.50M 5,231.70M 4,902.80M
 Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Revenue 12,729.14M 12,791.29M 12,057.99M 11,449.92M 11,373.59M
Gross Profit 3,742.37M 3,473.70M 2,820.40M 2,131.30M 2,097.41M
Operating income 1,872.51M 1,653.05M 1,299.15M 657.39M 658.13M
Income before tax 3,207.27M 1,607.55M 209.27M -382.71M 812.65M
Net income 4,034.43M 2,278.57M 783.29M 405.25M 1,444.76M
EBITDA 3,532.21M 3,289.33M 3,179.98M 2,622.41M 2,676.80M
Diluted EPS 0.24 0.13 0.04 0.02 0.08
Dividends Per Share 0.15 0.12 0.08 0.05 0.06
Total Assets 36,982.59M 36,112.80M 34,382.06M 35,723.72M 36,303.24M
Total liabilities 14,324.65M 14,104.90M 15,550.02M 15,992.11M 16,281.30M
Total equity 22,660.38M 22,028.64M 18,814.62M 19,712.56M 20,009.67M
Operating cash flow 4,123.25M 3,674.13M 4,015.25M 3,829.10M 3,635.31M

Valuation Measures

Mar 2022
Operating margin5.78%
Profit margin12.70%

Key executives

  • Group Chief Executive Officer & Executive Director: Kuan Moon Yuen
  • Group Chief Financial Officer: Tao Yih Lang
  • Group Chief Technology Officer: Chin Kok Chong
  • Group Chief Information & Digital Officer: William Siew Wing Woo
  • Head-Carrier Sales & Voice Support: Kian Soon Lim


  • Temasek Holdings Pte Ltd. (Investment Company) (52.5%)
  • Central Provident Fund (4.7%)
  • Capital Research & Management Co. (Global Investors) (1.3%)
  • The Vanguard Group, Inc. (1.1%)
  • Emirates Investments Group LLC (1.1%)
  • Capital Research & Management Co. (World Investors) (1.0%)
  • BlackRock Fund Advisors (0.9%)
  • Norges Bank Investment Management (0.7%)
  • APG Asset Management NV (0.6%)
  • Capital International Ltd. (0.6%)

Contact Details

  • Website:
  • Address: 31 Exeter Road, Comcentre, Singapore, 239732, Singapore
  • Phone: +65.6838.3388

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  • SingTel ICT Pte Ltd.
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Last Updated on 24 Mar, 2023

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