wireless

Local telcos to face full effects of competition from TPG by mid-2019, says UOB

SINGAPORE (Jan 2): UOB Kay Hian has downgraded its view on Singapore’s telco sector to “market weight” from “overweight” in anticipation of intense competition from TPG Telecom.

The move comes as the fourth mobile entrant launched its trial service in Dec 2018 at “mind-blowing pricing” which incumbents would eventually be forced to match, in the research house’s view.

Circles.Life deal gives M1 competitive edge for now, but TPG entry remains a threat

SINGAPORE (July 5): Maybank Kim Eng is maintaining its “hold” call on M1 with an unchanged price target of $1.63 cents on the belief that expected earnings pressure on the group has been largely priced in by the market.

The research house forecasts a 3% CAGR decline in wireless service revenues over 2017-20E.

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