Highlights

Simons Trading Research

Author: simonsg   |   Latest post: Thu, 18 Oct 2018, 05:46 PM

 

SingTel - 1QFY19 Competition Heats Up in Indonesia and India

Author:   |    Publish date:


  • Singtel’s 1QFY19 results were below our expectation on increased competition in Indonesia and India.
  • Telkomsel saw contraction in revenue from voice and SMS while growth in data revenue slowed. Bharti Airtel suffered severe ARPU erosion due to competition from Reliance Jio.
  • Recovery is in sight as Telkomsel’s pricing has since improved towards late-June after the Lebaran holidays. Bharti Airtel’s revenue has stabilised on a sequential basis.
  • Maintain BUY with a lower target price of S$4.05.

Source: UOB Kay Hian Research - 10 Aug 2018

Share this
Labels: SingTel

Related Stocks

Chart Stock Name Last Change Volume 
SingTel 3.14 0.00 (0.00%) 19,952,419 

  Be the first to like this.
 


 

163  147  210  549 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 HSI28000MBeCW.. 0.0940.00 
 HSI27600MBeCW.. 0.135+0.001 
 HSI27400MBeCW.. 0.051-0.007 
 APAC Strategic 0.002+0.001 
 HSI24800MBePW.. 0.124-0.007 
 HSI25288VTePW.. 0.148-0.006 
 HSI25200MBePW.. 0.128-0.005 
 Genting Sing 0.95+0.005 
 Pine Cap 0.002+0.001 
 YZJ Shipbldg SGD 1.37+0.06 
Partners & Brokers