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Local telcos kept at 'neutral' by Maybank; prefers NetLink Trust

Samantha Chiew
Samantha Chiew12/31/2018 11:29 AM GMT+08  • 2 min read
Local telcos kept at 'neutral' by Maybank; prefers NetLink Trust
SINGAPORE (Dec 31): Maybank Kim Eng is keeping a “neutral” rating on the local telco sector as the new year is shaping up to be a trying one for the wireless sector with the upcoming launch of TPG, which teases with unlimited data plans, while StarHub
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SINGAPORE (Dec 31): Maybank Kim Eng is keeping a “neutral” rating on the local telco sector as the new year is shaping up to be a trying one for the wireless sector with the upcoming launch of TPG, which teases with unlimited data plans, while StarHub and Circles.Life are aggressively launching SIM-only plans.

TPG’s delayed commercial launch has provided a reprieve for the industry, but only temporarily.

Nonetheless, the research house prefers the residential fibre backbone monopoly, NetLink NBN Trust in the Singapore telco space. It has a “buy” call on NetLink NBN Trust with a target price of 93 cents.

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