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RHB Research maintains Neutral on Telco sector on increasing competition

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RHB Research maintains Neutral on Telco sector on increasing competition Empty RHB Research maintains Neutral on Telco sector on increasing competition

Post by Cals Fri 13 Jun 2014, 02:32

RHB Research maintains Neutral on Telco sector on increasing competition
Business & Markets 2014
Written by theedgemalaysia.com   
Thursday, 12 June 2014 08:09

KUALA LUMPUR (June 12): RHB Research has maintained its Neutral rating the telecommunication sector and said Malaysian telcos reported 1QCY14 results that were generally in line, with the exception of Time.

In a note Thursday, the research house said rolled forward its valuation base for the telcos to FY15.

“Post results, we also maintain our earnings forecasts.

“While we remain Neutral on the sector due to signs of increasing competition, we still like DiGi, which continues to show the least erosion in SMS, stable voice and strongest data growth.
Cals
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