Singapore’s telecom industry has come under massive pressure in the recent years. Due to the change in competitive dynamics amid the entrance of the fourth player – TPG Telecom, the incumbents saw their financial performance and share price tumbling.
With each of their respective market cap at:
Singapore Telecommunications Limited (SingTel) at more than S$52 billion, the largest telco in Singapore StarHub at S$2.8 billion M1 at S$1.5 billion
All of them are currently trading near all-time low and offer enticing dividend yields.
Is it wise to buy them now? Let’s have a look.
1. StarHub Limited (SGX: CC3)
Closing at S$1.65 on 28 Aug 2018, StarHub clinched on the number one spot with a distribution yield of 9.6%. For its FY2017, the company recorded a revenue and net income of S$2.4 ......