Singapore Stock Market News

Telco : Overall - Showered with love

StockFanatic
Publish date: Thu, 18 Dec 2014, 03:52 PM
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Our month-long Asia marketing trip revealed that investors are neutral to overweight on ASEAN telcos, largely due to their defensive qualities amid rising risk-aversion. This contrasts with our overall Neutral sector stance, which is based on the potential emergence of competitive/regulatory risks and fair-to-rich valuations after a 4-year bull run. We prefer Indonesia the most and Malaysia the least. Top picks: Telkom Indonesia, SingTel and Thaicom.
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