If you’ve been watching Singtel from the sidelines, here’s what keeps surfacing: analysts aren’t just lukewarm on this stock—they’re lining up behind it. The consensus target sits 11.2% above the current price, and the most bullish estimates stretch toward 6.20 SGD. That kind of spread across broker estimates deserves a closer look before you commit capital.

Current Price: 4.69 SGD · Previous Close: 4.78 SGD · Consensus Target: 5.313 SGD · Day Range: 4.64 – 4.78 SGD · Ticker: Z74.SI

Quick snapshot

1Confirmed facts
2What’s unclear
  • End-of-year 2026 price trajectory remains subject to macro conditions
  • Exact quantitative volatility metrics versus regional peers
  • Long-term forecasts beyond 2026 lack consensus
3Timeline signal
  • 27 May 2021: Strategic reset announced (Dr Wealth)
  • 11 Feb 2026: Q3 FY26 earnings release (Dr Wealth)
  • 2026: Multiple analyst targets converge between 5.25–5.75 SGD (Dr Wealth)
4What’s next
  • Singtel exploring partial Optus tower sale in Australia
  • Upcoming Singapore mobile market consolidation
  • Dividend forecast at 0.13 SGD per share for 2026
Label Value
Ticker Symbol Z74.SI
Exchange Singapore (SGX)
Current Price (23 Apr 2026) 4.69 SGD
Consensus Target 5.313 SGD
52-Week Range Available via SGX data
Majority Owner Temasek Holdings
5-Year Avg Dividend Yield 4.752%
Market Capitalisation Over S$45B

How much are Singtel shares worth now?

Singtel closed at 4.69 SGD on 23 April 2026, pulling back from 4.780 SGD the previous session (Growbeansprout). The stock traded between 4.64 and 4.78 SGD during the session, a relatively tight intraday range that reflects the sideways sentiment dominating the Singapore telecommunications sector.

Trading volume on SGX shows moderate activity concentrated around institutional flows, consistent with Singtel’s profile as a Temasek Holdings-backed blue chip. The ticker Z74.SI remains the standard identifier across Singapore brokerages and international platforms alike.

Trading range context

Looking back two months, Singtel fetched 5.020 SGD on 27 February 2026 (MarketScreener). That means the current price represents a roughly 6.6% pullback from the February level—nothing dramatic, but enough to move the stock further below the analyst target corridor.

Comparison to previous close

The day-over-day decline of 1.65% from 4.780 to 4.69 SGD mirrors broader market softness in regional telcos. However, the gap between the current price and consensus target of 5.313 SGD still implies meaningful upside for investors willing to hold through volatility.

Bottom line: At 4.69 SGD, Singtel trades below the analyst consensus target by roughly 13.3%. Historical trading ranges and recent price action suggest the current level sits in the lower quartile of recent movement.

Is Singtel a good buy now?

The analyst community has spoken with unusual clarity. Across Growbeansprout, TipRanks, and TradingView, the consensus leans decisively toward accumulation. TipRanks records a Strong Buy rating from 8 analysts with an average target of S$4.84 and 15.07% upside from S$4.21 (TipRanks). TradingView aggregates 16 analysts placing the average target at 5.44 SGD, with a high of 6.20 SGD (TradingView).

The upshot

At its current price, SingTel is cheap and can be attractive to value investors.

Analyst ratings breakdown

  • DBS Research: BUY rating, target 5.710 SGD (12 Jan 2026), later adjusted to 5.360 SGD (23 Mar 2026) (Growbeansprout)
  • Maybank Research: BUY rating, target 5.250 SGD (13 Feb 2026), up from 5.080 SGD
  • OCBC Research: BUY rating, target 5.750 SGD (14 Nov 2025), up from 5.100 SGD
  • RHB Research: BUY rating, target 5.500 SGD (13 Feb 2026)
  • UOB Kay Hian: BUY rating, target 5.500 SGD (13 Feb 2026), up from 5.200 SGD

The pattern is consistent: major Singapore brokers are clustered in the 5.25–5.75 SGD range for their 12-month targets, leaving current prices roughly 10–20% below where the Street expects the stock to trade.

Pros and cons

Upsides

  • Consensus target implies 11.2% upside from current price
  • PB ratio at 1.5x sits below historical average of 1.9x, suggesting undervaluation
  • Strong 5G leadership position in Singapore and Australia
  • Temasek Holdings ownership provides governance stability
  • Underlying earnings up 9% YoY in 3QFY26

Downsides

  • Dividend forecast at 0.13 SGD for 2026, lower than 2025 actual payout
  • Australia Optus operations facing competitive pressures
  • Partial tower sale in Australia has not concluded
  • Singapore mobile market consolidation remains in progress
  • Value investing thesis depends on PB ratio re-rating

Buy signals

The confluence of a sub-5.00 SGD price, multiple BUY ratings from tier-1 Singapore brokers, and a PB ratio below historical norms creates a technical entry point for value-oriented investors. Dr Wealth notes the stock has been “relatively stable over the past five years,” which may appeal to income-focused shareholders seeking yield rather than capital appreciation.

Bottom line: The analyst chorus is nearly unanimous on Singtel—BUY signals dominate across platforms, and the valuation gap versus historical averages gives the bull case credibility. The trade-off is clear: upside potential is real, but it requires patience while Singtel executes its 5G and tower-monetisation roadmap.

What is the target price for Singtel share in 2026?

Forecasting where Singtel trades by end of 2026 means reconciling several analyst estimates that carry different time horizons and methodology assumptions. The consensus target as of late April 2026 sits at 5.313 SGD, according to Growbeansprout (which aggregates SGX-sourced data from multiple brokers) (Growbeansprout).

Forecast estimates from major brokers

Broker Target Price Date Issued Rating
DBS Research 5.710 SGD 12 Jan 2026 BUY
DBS Research (updated) 5.360 SGD 23 Mar 2026 BUY
Maybank Research 5.250 SGD 13 Feb 2026 BUY
OCBC Research 5.750 SGD 14 Nov 2025 BUY
RHB Research 5.500 SGD 13 Feb 2026 BUY
UOB Kay Hian 5.500 SGD 13 Feb 2026 BUY
CGSI Research 4.100 SGD 17 Jun 2025

Growth projections

What drives the higher targets? Maybank Research lifted Singtel’s target to SGD 5.25 citing 3QFY26 earnings up 9% year-on-year, with associates like Airtel, AIS, and Globe delivering stronger-than-expected contributions (Minichart). These regional associates are central to the bull thesis—Singtel’s dividend capacity and valuation re-rating both depend heavily on their performance.

Buy or sell advice

ValueInvesting.io places the consensus recommendation firmly at BUY from 20 analysts covering the stock (13 buy, 5 strong buy, 2 hold) (ValueInvesting.io). TipRanks reports a Strong Buy consensus from 8 analysts with average target S$4.84 (TipRanks). The bear case, such as it exists, centres on CGSI Research’s lower 4.10 SGD target from mid-2025, before the recent earnings acceleration became visible.

Bottom line: 2026 targets from major Singapore brokers cluster between 5.25 and 5.75 SGD. The consensus around 5.31–5.44 SGD implies 11–16% upside from current levels, with the spread reflecting different assumptions about macro headwinds and regional associate performance.

What is the future outlook for Singtel’s share price?

Singtel announced a strategic reset on 27 May 2021, pivoting toward 5G network deployment, digital services expansion, and infrastructure value unlock through asset monetisation (Dr Wealth). Five years on, that strategy is showing traction—underlying earnings grew 9% year-on-year in 3QFY26, driven by strong showings from the Airtel, AIS, and Globe associate portfolios.

Short-term trends

In the near term, the stock faces headwinds from broader Singapore telecoms consolidation and the ongoing Optus restructuring in Australia. Singtel is exploring a partial sale of Optus towers, a move that could unlock value but has not yet closed. Near-term price action will likely track earnings delivery and any updates on the tower sale process.

Long-term predictions

The structural case rests on three pillars: 5G monetisation in Singapore, Airtel-group regional tailwinds, and infrastructure asset sales that compress the discount between book value and enterprise value. Dr Wealth notes Singtel’s current PB ratio of 1.5x sits below its historical average of 1.9x—a gap that value investors may view as an invitation.

Analyst consensus

Analyst ratings across multiple platforms show predominantly BUY or Strong Buy positioning (TipRanks). The implied re-rating thesis—that a PB expansion from 1.5x toward the historical 1.9x average—requires either sustained earnings growth or concrete progress on the tower-monetisation programme.

Bottom line: Singtel’s medium-term trajectory hinges on whether the 2021 strategic reset delivers on its 5G and asset-unlock promises. For investors who bought near the 2020 lows (when the stock fetched S$2.77 with a 6.25% dividend yield), the current level represents substantial capital appreciation. For new entrants, the entry price matters—buying closer to 4.69 SGD improves the margin of safety significantly.

Can I sell my Singtel shares?

Singapore-based shareholders can sell Singtel shares through any SGX-linked brokerage platform, including POEMS, Maybank Kim Eng, and other certified dealers. The stock is liquid relative to smaller Singapore equities, though institutional investors dominate daily volume, which can create wider spreads for retail sellers executing larger orders.

Selling regular shares

Regular Singtel shares (not SDS) trade under ticker Z74.SI and settle T+2 on SGX. There’s no lock-up period for public shareholders. Given the current consensus target of 5.313 SGD versus a prevailing price around 4.69 SGD, selling now means missing the potential 13% upside the Street is projecting over the next 12 months.

Discounted Special Shares (SDS)

Singtel’s Discounted Special Shares (SDS) programme offers a different liquidity profile. SDS holders receive a discount to market price at conversion, creating a structured exit path that differs from selling in the open market. POEMS and other platforms provide guidance on SDS conversion mechanics and timelines.

Keep or sell advice

For income-oriented shareholders, the 5-year average dividend yield of 4.752% (currently moderating toward 0.13 SGD per share in 2026 forecasts) still compares favourably with Singapore savings rates and fixed-income alternatives. However, the PB re-rating thesis means holding Singtel without adding is a bet that the market widens the valuation gap. Investors with tighter time horizons or higher required yields may find better risk-adjusted opportunities elsewhere.

The catch

Selling now locks in the gap between the current price and analyst targets. Holding requires conviction that Singtel’s 5G rollout and tower monetisation will narrow the PB discount within your investment horizon.

Bottom line: For yield-seeking shareholders with low urgency, holding Singtel remains defensible given the dividend yield and Strong Buy analyst consensus. For investors focused on capital appreciation or shorter time horizons, the case for selling gains weight—especially if the SDS programme offers a more attractive exit structure than the open market.

Singtel share price: key dates

Date Event
27 May 2021 Strategic reset announced focusing on 5G and digital services (Dr Wealth)
17 Jun 2025 CGSI Research target 4.100 SGD
14 Nov 2025 OCBC Research raises target to 5.750 SGD, BUY rating
11 Feb 2026 Q3/9M FY26 earnings reported; underlying earnings up 9% YoY (MarketScreener)
27 Feb 2026 Share price at 5.020 SGD
23 Mar 2026 DBS Research updates target to 5.360 SGD
22 Apr 2026 Consensus target 5.313 SGD; price 4.78 SGD (Growbeansprout)
23 Apr 2026 Current price 4.69 SGD

What we know and what we don’t

Confirmed facts

  • Current price: 4.69 SGD (23 Apr 2026) from SGX-sourced data
  • Consensus target: 5.313 SGD, implying 11.2% upside
  • 18 analysts rate Z74 as Strong Buy or Buy across platforms
  • Major Singapore brokers (DBS, Maybank, OCBC, RHB, UOB Kay Hian) all issue BUY ratings
  • 3QFY26 earnings delivered 9% YoY underlying earnings growth
  • Temasek Holdings is the majority shareholder

What’s unclear

  • End-of-2026 price trajectory subject to macro conditions and associate performance
  • Exact quantitative volatility metrics versus StarHub and regional peers
  • Whether the Optus tower sale completes and its exact valuation
  • Quantitative downside scenarios and risk factor exposure
  • Long-term forecasts beyond 2026 lack broker consensus

What analysts are saying

At its current price, SingTel is cheap and can be attractive to value investors.

Dr Wealth (Investment Analysis Platform)

The latest consensus rating for Z74.SI is ‘BUY’, with a 15.82% upside from the current price forecast.

ValueInvesting.io (Forecast Platform)

Singtel reported strong earnings for 3QFY26, with underlying earnings up 9% year-on-year, driven by associates Airtel, AIS, and Globe.

Minichart (Broker Summary)

Why this matters

The 2021 strategic reset repositioned Singtel for a 5G-native future. Five years later, the earnings data validates the direction—9% YoY growth in a mature telecoms market is not trivial. Whether the market rerates the PB multiple from 1.5x to the historical 1.9x average depends on continued execution, but the foundation is stronger than it was when the stock traded near S$2.77 in 2020.

Related reading: DBS · USD to SGD exchange rate

Singtel’s Z74.SI at 4.69 SGD shows steady performance, much like trends in Singapore Telecoms live Z74 chart that highlight key metrics for telecom investors.

Frequently asked questions

How much is 1 lot of Singtel shares?

On SGX, one standard lot of Singtel shares equals 100 shares. At the current price of 4.69 SGD, one lot is worth approximately 469 SGD before brokerage fees and commissions.

What is Singtel’s highest share price?

Historical Singtel share prices reached significantly higher levels before the strategic reset and sector consolidation compressed valuations. Investors interested in all-time highs should consult SGX historical price data or charting platforms that track Z74.SI over extended timeframes.

What was the share price of Singtel in 2022?

Singtel traded in a lower range through 2022 as the market absorbed post-COVID sector rotation and interest rate pressures on telecom valuations. The exact 2022 levels varied monthly—checking historical SGX records or accessing archived price data from Investing.com or Yahoo Finance provides the specific daily or monthly figures.

What was Singtel IPO share price?

Singtel’s initial public offering was priced to reflect the telecoms liberalisation era in Singapore. The IPO price sits well below current trading levels, reflecting decades of capital events, dividend payouts, and structural shifts in the sector.

What was Singtel’s dividend yield?

Singtel’s 5-year average dividend yield sits at 4.752%, according to MoneySmart. The 2026 consensus dividend forecast is 0.13 SGD per share, lower than 2025 actual payout. For context, the stock fetched 2.77 SGD in April 2020 with a 6.25% dividend yield—higher yield reflects lower price, not necessarily higher payout.

What is the difference between SDS and regular Singtel shares?

Singtel’s Discounted Special Shares (SDS) offer a structured exit mechanism with a market-price discount at conversion. Regular shares (Z74.SI) trade freely on SGX with no conversion feature. SDS holders should review their terms carefully via their brokerage platform before deciding between SDS conversion and open-market selling.

For Singapore investors weighing Singtel against other blue-chip telecoms or yield-focused equities, the Strong Buy analyst consensus and PB ratio discount to historical averages present a legible bull case. Whether that case converts to a 5.31–5.75 SGD price over the next 12 months depends on earnings delivery and macro conditions—but the Street’s confidence in the direction is unmistakable.