Why is the Singtel share price moving today?

News that Singtel is in advanced talks to join a KKR-led consortium for STT GDC lifted interest. Reports suggest a valuation above S$13 billion with potential minority co-investors. No binding deal exists yet, so moves remain headline-driven. Price levels at S$4.58 support and S$4.71 resistance are key for traders.

Is Singtel expensive at current levels?

Singtel trades at about 12.5x TTM earnings and 2.83x book, with a 3.92% dividend yield. Those are reasonable for a telco pivoting into data centres. The higher 31.6x price to free cash flow argues for better cash conversion. A favourable deal outcome could support a modest re-rating over time.

What are the main risks around the KKR consortium deal?

Key risks include paying a rich valuation, integration complexity, and higher capex needs for AI-ready data centres. There is also execution risk if governance or stake size limits control. With no binding agreement, timelines may shift. Any equity issuance or extra debt would influence the Singtel share price.

What near-term events should I watch for Singtel?

Watch for official updates on the Singtel STT GDC talks, including stake size, funding mix, and expected returns. The next earnings date is 20 May 2026, which should bring guidance on capital allocation and dividends. Technical levels at S$4.58 and S$4.71 matter while the stock trades in a news-driven range.

Global Market Insights

Z74.SI Stock Today: February 03 STT GDC $10B Deal Talks Lift AI Play

ByHuzaifa Zahoor February 3, 2026

Singtel share price moved higher on Feb 3 as Singapore Telecommunications (Z74.SI) confirmed advanced talks to join a KKR-led consortium for ST Telemedia Global Data Centres (STT GDC). Reports peg the valuation above S$13 billion (about US$10 billion), with GIC and Mubadala in discussions as minority co-investors. No binding agreement exists yet, so price action may stay headline-driven. As of the latest session, shares traded at S$4.64, up 1.1%, with an intraday high of S$4.71 on above-average volume.