telco

Key downside risks for the sector include worse-than-expected mobile competition and a prolonged Covid-19 travel restriction.

SINGAPORE (Mar 21): UOB Kay Hian is maintaining its “buy” call on Singtel with a target price of $3.58, while highlighting that the stock, at the price of $3.02, is currently below its mean EV/EBITDA with a 5.8% dividend yield.

SINGAPORE (Mar 15): OCBC Investment Research is maintaining “neutral” on Singapore’s telco sector in the wake of the 4QCY18 reporting season, which saw StarHub and M1 results come in within expectations, while that of Singtel’s was slightly under.

SINGAPORE (Sept 6): DBS and RHB are maintaining their “hold” and “neutral” calls on StarHub with the respective price targets of $1.42 and $1.78, while CGS-CIMB Research’s “add” call remains unchanged with a target price of $1.85.

(Aug 21): Singapore Telecommunications (Singtel), Southeast Asia’s largest telecom services provider, is moving ahead with examining a possible bid for wireless operator Amaysim Australia, people with knowledge of the matter said.

SINGAPORE (July 13): Singapore Telecommunications’ regional associates have given investors some grief of late.

SINGAPORE (July 5): Maybank Kim Eng is maintaining its “hold” call on M1 with an unchanged price target of $1.63 cents on the belief that expected earnings pressure on the group has been largely priced in by the market.

SINGAPORE (May 3): StarHub reported a 14.9% decline in 1Q18 earnings to $61.5 million from $72.3 million a year ago on lower sales.

SINGAPORE (Mar 27): UOB Kay Hian is maintaining its “sell” recommendation on M1 with a target price of $1.60 on expectations of stiff market competition from the impending entry of TPG Telecom as Singapore’s fourth mobile operator in 2H18.