Maybank slashed its target price from S$4.75 to S$4.62, still above Singtel’s latest closing price. PHOTO: BLOOMBERG[SINGAPORE] Analysts on Tuesday (Sep 30) maintained their “buy” call on Singtel despite the telco’s recent share price retreat, sparked by consecutive outages suffered by its Australia subsidiary, Optus. RHB assigned Singtel a target price of S$4.90, 18.9 per cent above its latest closing price of S$4.12 on Monday, when the stock ended 3.3 per cent lower amid heavy sell-offs. Maybank slashed its target price from S$4.75 to S$4.62, still above Singtel’s latest closing price. These factors collectively suggest a low likelihood of a significant share price decline,” he added.