SINGAPORE (Nov 30): Singapore’s telco sector is still a strong bet despite uncertainties about a fourth entrant into the market, OCBC says, maintaining its overweight rating on the sector and buy ratings on Singapore Telecommunications, M1 and StarHub.

Among the three, it says M1 "stands out in terms of its highest expected total return, and could see the strongest share price recovery if concerns of a new telco prove to be unfounded."

For StarHub, OCBC says the firm has a defensive business and strong cash-flow generating abilities, while playing down the effect of additional competition and other concerns for SingTel.

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