“We favour HKT Trust & HKT, HKBN and Telekom Malaysia which provide stable dividend yields,” says DBS.
SINGAPORE (May 19): DBS Vickers prefers Asean fixed-line markets Indonesia and Thailand over mobile markets Singapore, Malaysia which are facing fierce competition from new players via mobile virtual network operators (MVNO) and spectrum reshuffles.
The shakeup in mobile markets has triggered irrational competition among existing players, resulting in downward pressure on mobile tariff. On the other hand, fixed-line markets are generally enjoying steady growth, supported by bandwidth upgrade.
