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Singtel feels the heat

Broker's Calls

Singtel feels the heat

Benjamin Cher Published on Wed, Sep 07, 2016 / 11:08 AM GMT+8

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SINGAPORE (Sept 7): UOB Kay Hian is maintaining its “buy” call for Singtel with a lower target price of $4.53, despite news of the emergence of new competitors in Singapore and India.

(See M1 threatened most by 4th mobile entrant; Singtel remains safest bet)

In a Monday report, analyst Jonathan Koh says the announcement of new telco Reliance Jio in India has already captured mindshare in India due to the attractiveness of its offerings.

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