SINGAPORE (Sept 7): UOB Kay Hian is maintaining its “buy” call for Singtel with a lower target price of $4.53, despite news of the emergence of new competitors in Singapore and India.
(See M1 threatened most by 4th mobile entrant; Singtel remains safest bet)
In a Monday report, analyst Jonathan Koh says the announcement of new telco Reliance Jio in India has already captured mindshare in India due to the attractiveness of its offerings.
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