Singapore, Feb 1, 2026, 14:48 SGT — Market closed
- Singtel closed Friday at S$4.59, marking a 0.4% gain.
- A report says Singtel is teaming up with KKR on a possible buyout of ST Telemedia Global Data Centres, with the deal valued at over S$13 billion.
- When Singapore trading resumes Monday, traders will look for any filings, comments, or confirmation.
Singtel shares face a fresh test Monday after the Wall Street Journal reported a KKR & Co-led group, partnering with Singtel, is close to buying ST Telemedia Global Data Centres for over S$13 billion ($10.22 billion). This would rank as one of Asia’s largest data centre deals amid rising demand for digital infrastructure fueled by the AI boom, Reuters noted. (Reuters)
The timing is crucial since the stock hasn’t moved since the report dropped over the weekend. A formal update might trigger a swift re-pricing, particularly in a market where large-cap defensives are already crowded.
Singtel closed Friday at S$4.59, gaining S$0.02, or roughly 0.4%, from its last close, per Investing.com data. (Investing)
Sentiment cooled heading into the weekend as Singapore’s Straits Times Index dropped 0.5% on Friday, following Wall Street’s losses, The Business Times reported. (The Business Times)
For Singtel, the key question is clear: how much capital must it allocate, and under what conditions. Investors generally favor data-centre assets but remain wary of the price tag—particularly if borrowing costs climb or the acquisition price inflates.
The report introduces a new angle to Singtel’s portfolio, which already covers telecom networks alongside expanding digital and infrastructure holdings. Increasing its stake in a major data-centre platform might alter the group’s risk exposure and funding requirements.
There’s a clear downside too. If negotiations stall or the final deal appears costly, that early “infrastructure premium” could vanish quickly — sending the stock back to being valued mainly on dividends and core telecom fundamentals.
Market direction will also play a role. Data-centre deal-making hinges on credit appetite, so any dip in risk sentiment tends to hit companies involved in big, debt-heavy deals first.
Traders now turn their focus to Monday, Feb. 2, waiting for any statements, filings, or updates that clarify if the talks will lead to a signed deal — and how that would impact Singtel’s balance sheet.
