Singapore Telecommunications (Singtel) issued a positive annual earnings outlook and posted a nearly threefold increase in third-quarter earnings on Wednesday, driven by an exceptional gain, propelling its shares to near six-year highs.
Shares in Singtel climbed 1.2% to S$3.4 and were on track for their strongest trading session since January 31, provided the gains hold. The stock was nearing its S$3.475 high from July 2019.
