SINGTEL
Singapore Telecommunications
Z74.SI
Singtel: Launches new E.Payslip app for SMEs
- Singtel has just launched a new app called myBusiness E.Payslip to help SMEs create, print and keep soft-copies of monthly payslips.
- Singtel says the app will enable SMEs without these capabilities to comply with the government’s requirement for employers to issue itemized payslips from 1 Apr 2016.
- According to Singtel, employers can access the app globally via the internet and on any mobile devices – employers can also provide their employees with secured access to view and print their own payslips anytime.
- The app mainly targets SMEs with up to 50 employees; and companies with less than five employee records can access the service for free.
- We believe the move is a move in the right direction to increase Singtel’s stickiness with the SMEs and beef up its e-solutions business.
- We have a BUY on the telco with a fair value of S$4.17.
Carey Wong
OCBC Securities
|
http://www.ocbcresearch.com/
2016-01-26
OCBC Securities
SGX Stock
Analyst Report
4.17
Same
4.17
