Brokers' take
Singapore Telecommunications | Buy Target price: S$4.53 Sept 14 close: S$3.67 UOBKayHian, Sept 14
Singtel will benefit from growth in Indonesia and India. Telkomsel enjoys double-digit organic growth in subscriber base and a continued surge in usage of data. Bharti Airtel should experience a recovery in FY19 due to the massive industry consolidation.
For Singtel Optus, competition is expected to intensify as TPG Telecom launches mobile services to become the fourth mobile operator in Australia.
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