SINGAPORE (Sept 25): CIMB Research is upgrading its rating on the Singapore telco sector to “neutral”, from “underweight” previously, as the worst appears to be over – for now.
M1, StarHub and SingTel have seen their share prices fall over the past 12 months by 26%, 24% and 7%, respectively.
“These stocks have significantly underperformed the Straits Times Index’s 13% rise over the same period,” says CIMB lead analyst Foong Choong Chen in a report on Sept 22.
For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
