Singapore Telecommunications (SGT) Stock Recommendation

Submitted by Craig Strzelecki on Fri, 04/08/2006 - 13:27.

Merill Lynch have downgraded their rating for the Singapore Telecommunications (SGT) aka "SingTel" stock to Sell from Hold, Medium Risk. Their valuation on the company's stock is down by 12 percent to $2.37 and notes that the stock appears expensive and risks are on the downside.

Singapore Telecommunications (SGT) "SingTel" Limited is listed on the Australian Stock Exchange (ASX) under stock code SGT. You can view their investor website here. The company was listed on 10 September, 2001 and is the leading provider in Singapore of international and local telephone services, mobile communication services, data communications services and postal services. Also a leading integrated communications service provider in the Asia Pacific region. Check your charts!

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