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RHB remains neutral on three listed telcos; Singtel still on top

RHB retains Singtel at the top of the pack, with a target price of S$4.10, "given its more diversified exposure" and its relative strength in the enterprise business.


With competition set to heat up in an already crowded market, RHB watchers stuck to their "neutral" take on the telecommunications sector in a report released on Wednesday.

They also forecast a third straight year of shrinking mobile service revenue, which is expected to...

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