SINGTEL
Z74.SI
Singtel - Partners with Japanese firm to offer cyber security services
- Singtel yesterday announced a partnership with TIS Inc (TIS), a subsidiary of the Japanese systems integration company TIS Intec Group, to offer cyber security services in Japan to help businesses build cyber resilience and protect critical infrastructure.
- As part of the partnership, Singtel’s subsidiary Trustwave, will establish in Tokyo a new Security Operation Centre (SOC) to provide TIS Managed Security Services, powered by Singtel’s subsidiary Trustwave.
- Trustwave’s new SOC will enhance its ability to offer TIS’ customers round-the clock monitoring of their networks and rapid response to cyber-attacks.
- We believe this partnership is positive for Singtel over the longer-term as it continues to diversify away from being just a telco towards providing cyber security services, which in our view, is a growing industry with the increasing digitalization of data around the world.
- We believe this partnership will also help Singtel establish its presence in the region as a cyber- security service provider.
- With Singtel expected to announce its 2QFY17 results during the second week of Nov 16, maintain HOLD on the stock, with an unchanged FV of S$4.26.
Eugene Chua
OCBC Investment
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http://www.ocbcresearch.com/
2016-10-27
OCBC Investment
SGX Stock
Analyst Report
4.26
Same
4.260
