Singapore Telco

One less overhang for Singtel as telco sees lift from Bharti Airtel fees: Maybank

SINGAPORE (Dec 4): Maybank Kim Eng Research is raising its target price for Singapore Telecommunications by 8% to $3.72, after its Indian associate Bharti Airtel announced tariff increases.

“A return of pricing power to India’s market is a key positive for one of Singtel’s major businesses,” says analyst Luis Hilado in a Dec 2 report. “This leaves the Singapore wireless market as its remaining major overhang.”

Circles.Life launches world's first multi-country digital telco platform in Taiwan

SINGAPORE (June 24): Homegrown mobile virtual network provider Circles.Life is launching its digital mobile services in Taiwan on the back of a partnership with one of island’s largest telco players.

Circles.Life Taiwan enables customers to sign up on the Internet with a SIM card being delivered the very next day, as well as flexible and no-contract plans which free customers from paying for unused data, unlike the current rigid plans that bind them.

StarHub may be set for a turnaround with incoming CEO after share price plunges 42%

(July 3): After plunging about 42% this year, StarHub shares may be set for a modest turnaround, just as incoming Chief Executive Officer Peter Kaliaropoulos takes over next week.

“There is a bottom,” Ramakrishna Maruvada, an analyst at Daiwa Securities Group, said in an interview. He upgraded the shares to hold from sell last week, citing the plunge this year as evidence that the challenges from rival carriers and from entertainment platforms like Netflix Inc. have been adequately discounted.

StarHub kept at 'sell' on impending entry of TPG and new financial reporting standard

SINGAPORE (Apr 10): UOB Kay Hian is maintaining its “sell” call on StarHub with a target price of $2.25.

In a Tuesday report, analyst Jonathan Koh says, “We maintain our defensive stance on the telco sector as we brace ourselves for the impending entry of TPG as the 4th mobile operator.”

The group’s shares may experience some volatility ahead of the commercial launch by TPG due to their reliance on the Singapore market, as its local mobile business accounts for a significant 52.6% of its service revenue in 4Q17.

Expensive valuation and declining subscribers keep StarHub 'fully valued'

SINGAPORE (Oct 16): DBS is reiterating StarHub at “fully valued” with a target price of $2.20, on falling subscribers and expensive valuation despite a decent dividend yield.

In a Monday report, analyst Sachin Mittal says, “The number of households subscribing to all three services – pay TV, fixed broadband and mobile – has been declining which has been a critical factor in dictating the stock’s performance.”

Singapore telco sector loses shine with new entrant likely

SINGAPORE (Oct 4): Singapore’s telco sector is seing a shakeup with three contenders throwing their hat into the ring to be the republic’s fourth player.

This has led Daiwa Capital Markets to downgrade the sector from “neutral” to “negative". M1 has also been downgraded to “hold” with StarHub and Singtel held at “underperform” and “hold” respectively.

The telco showdown has begun

SINGAPORE (Sept 2): Analysts have begun to price in the real possibility of a fourth telco entering the Singapore market after MyRepublic, AirYotta and TPG Telecom submitted their applications to the Infocomm Development Authority (IDA) on Thursday to bid for the fourth mobile operator licence in the New Entrant Spectrum Auction (NESA) in October.

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