Telecommunications stocks have always been the staple of an income investor’s portfolio as these companies pay decent consistent dividends and the business nature of the stocks is largely deemed defensive. However, we are seeing that after a good run-up in stock prices, the stock price of Singtel, Starhub and M1 are showing signs of “southing”, especially so ever since the government announced plans for a fourth player in the mobile wireless internet scene. Two companies have expressed interest to be this “fourth player” and they are MyRepublic and SMRT-OMG consortium. I read reports that M1 is likely to be “affected” by the entry of the “fourth player” and next, I read that Starhub could similarly be “affected” by the “fourth player” in another report. Inevitably, these analysis or speculation have caused prices of M1 and Starhub to head south. While Singtel stock is most likely to still remain the dominant ......