Deutsche Bank is upgrading StarHub to a “buy” with a target price of $4.05 on attractive valuations.
Deutsche says Singapore’s telecom sector is a “low growth” market underscored by competition from two big incumbents — Singapore Telecommunications and StarHub.
This makes the formation of a viable fourth player “challenging”, the bank notes.
The sector is predominantly a post-paid market with relatively low pricing levels and robust 4G mobile telephone services penetration. This will make the task tougher for any new telecom operator. “We see minimal space for a viable entrant,” it says.
The comments come as the city state starts the process to have a fourth mobile telecom operator.
StarHub closed 0.6% at $3.33 on Wednesday.
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Deutsche says Singapore’s telecom sector is a “low growth” market underscored by competition from two big incumbents — Singapore Telecommunications and StarHub.
This makes the formation of a viable fourth player “challenging”, the bank notes.
The sector is predominantly a post-paid market with relatively low pricing levels and robust 4G mobile telephone services penetration. This will make the task tougher for any new telecom operator. “We see minimal space for a viable entrant,” it says.
The comments come as the city state starts the process to have a fourth mobile telecom operator.
StarHub closed 0.6% at $3.33 on Wednesday.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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