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3 stocks to buy as threat from overstretched TPG Telecom abates

Stanislaus Jude Chan
Stanislaus Jude Chan9/27/2017 3:56 PM GMT+08  • 2 min read
3 stocks to buy as threat from overstretched TPG Telecom abates
SINGAPORE (Sept 27): UOB Kay Hian is keeping its “buy” recommendations on M1, Singapore Telecommunications (SingTel), and NetLink NBN Trust amid a delay in the entry of Singapore’s fourth mobile operator to the second half of 2018.
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SINGAPORE (Sept 27): UOB Kay Hian is keeping its “buy” recommendations on M1, Singapore Telecommunications (SingTel), and NetLink NBN Trust amid a delay in the entry of Singapore’s fourth mobile operator to the second half of 2018.

With TPG Telecom planning for a simultaneous rollout for mobile in Australia and Singapore, UOB analyst Jonathan Koh says the company might be “overstretched and forced to prioritise”.

“Given the acute execution risk in Australia, TPG has limited capacity to pursue an overly aggressive and disruptive strategy to gain market share in Singapore,” Koh says in a Monday report.

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