Singtel share price cools after STT GDC deal surge, with earnings date now in focus
Singtel shares fell 1.3% to S$4.72 at Friday’s close, extending a two-day slide after hitting a record high on news of a S$6.6 billion STT GDC acquisition with KKR. Analysts raised target prices but warned of near-term earnings dilution and execution risks. Trading volumes remained high throughout the pullback.