Singtel stock price slips after KKR’s $5.2 billion STT GDC deal — here’s what’s driving it
Singtel shares fell 3.46% to S$4.74 on Thursday after a two-day rally tied to its S$6.6 billion KKR-led acquisition of the remaining stake in ST Telemedia Global Data Centres. Investors cited concerns over funding and execution risks. Analysts raised target prices but kept “buy” ratings. About 21.85 million shares changed hands during the session.