Leadership
Singtel Group CEO Yuen Kuan Moon Sells Two Million Shares for S$8.2 Million After First-Half Results
By News Desk ·
Key takeaways
- Yuen Kuan Moon sold two million Singtel shares at S$4.074 each, raising about S$8.2 million before brokerage and stamp duties.
- The sale cut his direct interest from 9.7 million to 7.7 million shares, with his total interest at 11.9 million shares, or 0.073 per cent of ordinary voting shares.
- Singtel raised its FY2027 OpCo Ebit growth forecast to mid to high-single digits from low to mid-single digits, and the board approved an interim dividend of S$0.09 a share.
Singtel group CEO Yuen Kuan Moon sold two million of the telco's shares on November 13, 2026, at S$4.074 apiece, raising about S$8.2 million before brokerage and stamp duties. The Business Times reported the sale, disclosed in a bourse filing on November 14.
Yuen's Stake After the Singtel Sale
The transaction reduced Yuen's direct interest in Singtel from 9.7 million shares to 7.7 million. His deemed interest was unchanged at 4.1 million shares, leaving him with a total interest of 11.9 million shares, or 0.073 per cent of Singtel's ordinary voting shares.
The sale followed Singtel's first-half results for the six months ended September 30, when net profit fell 55 per cent to S$1.5 billion from S$3.4 billion a year earlier. The decline was mainly due to the absence of S$2.21 billion in net exceptional gains from the partial sale of its stake in Airtel and the Intouch-Gulf Energy merger in the year-ago period. Excluding exceptional items, underlying net profit rose 10 per cent to S$1.49 billion from S$1.35 billion.
Singtel raised its FY2027 growth forecast for operating company earnings before interest and tax to between mid and high-single digits, from between low and mid-single digits previously. First-half OpCo Ebit rose 8.7 per cent to S$902 million. Management said the group was entering the second half "with a renewed confidence" compared with six months ago, in a reference to the crisis in the Strait of Hormuz and inflation concerns that had clouded the outlook in May. The board approved an interim dividend of S$0.09 a share, 10 per cent higher than the S$0.082 a share declared the year before.
Singtel's Capital Recycling Record
Singtel's capital recycling programme has run alongside the leadership change, according to akta.pro company records. In June 2026 the group raised approximately S$1 billion by placing a 2.8 per cent stake in Thailand's Gulf Development with institutional investors, bringing cumulative Singtel28 capital recycling proceeds to S$6.8 billion against a S$9 billion medium-term target. The same records show Singtel holds a 27.5 per cent stake in Bharti Airtel, with a long-term goal to equalize holdings with founder Sunil Mittal.
Singtel's Results Before the Filing
Singtel raised its FY2027 Opco Ebit guidance to mid-high single digits on November 13, 2026, citing the 8.7 per cent rise in first-half Opco Ebit to S$902 million, The Business Times reported. The same report said net profit fell 55 per cent to S$1.54 billion while underlying profit rose 10 per cent to S$1.49 billion, and that the board approved an interim dividend of S$0.09 per share. On November 12, 2026, MarketScreener reported a 10 per cent rise in first-half underlying net profit to S$1.49 billion, driven by Optus and Bharti Airtel.
Singtel's November 21 Share Transfer
Singapore's Parliament approved the CPF Amendment Bill ending the CPF Board's role as trustee of Singtel Special Discounted Shares, with the transfer of approximately 615,000 shareholders' shares into their own Central Depository accounts scheduled for November 21, 2026, according to akta.pro company records.