Singtel - OCBC Investment 2016-01-26: Launches new E.Payslip app for SMEs

Singtel - OCBC Investment 2016-01-26: Launches new E.Payslip app for SMEs 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 BUY Maintain BUY 4.17 Same 4.17


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