Meantime, the brokerage has upgraded StarHub and M1 to “hold”, from “sell” previously.
SINGAPORE (Apr 3): Maybank Kim Eng Research has upgraded the Singapore telecommunications sector to “neutral” from “negative” previously.
This comes after incumbent telcos SingTel, StarHub, and M1 saw their share prices fall by 14.2%, 20.4%, and 18.7% respectively over the last 12 months to end March. In comparison, the benchmark Straits Times Index has risen 8.0% over the corresponding period.
