Meanwhile, questions on GoTo centered on a potential Grab-Gojek merger, while Singtel remains high on investor radar post its new dividend policy and as a data center demand beneficiary.
Maybank Securities analysts Hussaini Saifee and Etta Rusdiana Putra are keeping their “buy” calls on Singapore Telecommunications (SGX:Z74
) (Singtel) and Sea after meeting over 30 investors across Singapore, Kuala Lumpur, Bangkok and Jakarta following its recent internet and telecommunication initiations.
From these, Maybank understands that more investors are positioned in Grab while Sea’s year-to-date outperformance led to questions of what could be the next share price catalysts.
