Telcos hold the line in testing times

Stocks of telcos are seen by analysts as resilient counters that can keep their dividend guidance even as the market suffers from selldowns. But with the Covid-19 outbreak, Singtel and StarHub also want to be known for helping its subscribers cope with the losses and the lockdowns

SINGAPORE (Apr 3): As the Covid-19 pandemic rages on, just about every sector in the Singapore economy has been hurt in varying degrees. Hotels, airlines, have suffered so-called “first-order” impact.

Meanwhile, telcos, with their critical function of providing communications and Internet access, are seen as somewhat more resilient. In fact, they may even benefit from stronger demand.

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