RHB Group Research is staying “neutral” on Singapore’s telecommunications sector as its risk-reward profile is balanced, after the sharp correction in 2020.

In a Jan 12 report, the research house says, “We expect competition to remain intense in 2021, with industry mobile revenue set for a progressive recovery from easing Covid-19-related restrictions and a pick-up in economic activities.”

RHB expects industry mobile revenue to show a stronger recovery under Singapore’s Phase 3 reopening. 

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