SINGAPORE: Citigroup Inc’s research team hit the bullseye last month by warning investors about the risk to DBS Group Holdings Inc. shares ahead of earnings. Now, it’s aiming for two from two with a similar call on Singapore Telecommunications Ltd (Singtel).
South-East Asia’s largest mobile service provider is expected to announce first-quarter results on Aug 8 and according to Citi analyst Arthur Pineda, the numbers are set to “surprise on the downside”.
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