mobile virtual network operators (MVNO)

Why investors should 'buy' Singtel in spite of rising competitive risks: RHB

SINGAPORE (Mar 15): RHB is reiterating its “buy” call on Singtel given its underperformance over the past year following its selldown.

RHB has also updated the target price to $4.10 to reflect a higher effective stake in Bharti Airtel.

The rerating comes after Singtel’s recent completion of its purchase of an additional 1.7% stake in Bharti Telecom for $539.4 million, which effectively raised its stake in the latter’s subsidiary Bharti Airtel to 39.5% from 38.6% previously.

Asean fixed-line markets preferred; Indosat is DBS top pick

SINGAPORE (May 19): DBS Vickers prefers Asean fixed-line markets Indonesia and Thailand over mobile markets Singapore, Malaysia which are facing fierce competition from new players via mobile virtual network operators (MVNO) and spectrum reshuffles.

The shakeup in mobile markets has triggered irrational competition among existing players, resulting in downward pressure on mobile tariff. On the other hand, fixed-line markets are generally enjoying steady growth, supported by bandwidth upgrade.

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