SINGAPORE (June 18): CGS-CIMB Securities is maintaining its “add” call on Singtel with a target price of $3.90. Singtel is also the research house’s preferred Singapore telco pick.
This came on the back of the group hosting its annual Investor Day on June 13.
During the event, the group highlighted that Telkomsel plans to reduce data quota by betweenn 1GB and 3GB for new SIM cards and raise the price of reloads by 5-10% from early July. It has already started removing channel incentives for starter pack sales.