Brokers' take
Singapore Telco | Overweight
OCBC Investment Research, May 26
The three telcos made a pretty decent start to 2016, with results mostly within our expectations; this is especially noteworthy given the spate of Q1 earnings disappointments across a broad swathe of sectors.
Recently, we saw MVNO (mobile virtual network operator) Circles.Life launch its mobile services through a leasing agreement with M1. However, with Circles.Life offering pricing plans pretty similar to what the current incumbents are offering, there was not much of a reaction from the three telcos. Instead, we believe that the they are saving their "bullets" for the potential entry of a fourth telco. Amid a more uncertain ec…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Hong Kong spot crypto ETFs to start trading next week
Cordlife substantial shareholder Nanjing Xinjiekou still mulling over offer to buy over remaining shares
Nvidia agrees to acquire Israeli AI software provider Run:ai
HSBC says growing Chinese wealth fuels client investments in US
Unilever's India quarterly profit disappoints
US: Wall St opens higher on tech boost, upbeat earnings