Here's why SingTel's earnings will inch just a tad up

Income is expected to rise by a measly 6% to S$920m.

According to Barclays, SingTel is due to report its 1Q FY13 earnings on Tuesday, 14 August. "We estimate recurring profit at S$920mn (up 6% y/y) and operating EBITDA at S$1.28bn (flat y/y)."

Here's more from Barclays:

The S$/A$ cross-rate approximated S$1.28 for 1Q FY13, this is vs S$1.32 for 1Q FY12 and will modestly depress Optus's A$ contributions (on a y/y basis) into S$ in the consolidated statements. Following the strong results from Telkomsel but weak results from Bharti, we see associate income at S$507mn (up 2% y/y). The results are to be released at 6:30 a.m. Singapore time with the analyst briefing scheduled for 11 a.m. Singapore time.

(1) Optus Mobile - market share and EBITDA margin trends: we note that Telstra announced a 5% y/y mobile service revenue growth for the half-year to June today as part of its results with the EBITDA margin for the segment expanding 500bps y/y - a more profit-oriented Telstra should be positive for competitive dynamics and, hence, Optus as well.

(2) Mobile and broadband growth in Singapore and the ongoing transition to national broadband.

(3) EBITDA trends vs the "stable y/y" guidance for the full year.

(4) any updates on "group digital life" initiatives - this was a key part of the recent management reorganisation (announced 5 March) that focuses on putting the right strategy and structure in place to monetise data and consumer opportunities around data.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia