UOB in a research report says: "Singtel Associates - Telkomsel:
Cheaper and better smartphones boost data traffic. Telkomsel has
experienced an accelerated pace of increase in data traffic since
Oct 13. Data traffic increased by 142 per cent yoy in
1Q14."
"New entrant Reliance Jio Infocomm is expected to launch 4G
services for voice and mobile broadband in 2H14. The new entrant
should not pose a challenge in the near term due to the lack of
TD-LTE handsets. The top three players have lower cost structures
compared with Reliance Jio, which incurs huge capex to roll out its
network infrastructure."
"Telcos have worked hard to maintain revenue contributions from
voice and SMS, while stimulating usage of data with the aim of
eventually monetising data. Maintain BUY; target price:
S$4.10."
Source :
UOB maintains 'hold' on Singtel | I Invest I Earn I Post