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 a market cap of more than S$52 billion, Singapore Telecommunications Limited (SingTel), is the largest telcos in Singapore. The other two are StarHub and M1, with a market cap of S$2.8 billion and S$1.5 billion respectively.
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 billion and S$978.2 million respectively. Around 54% of StarHub’s revenue was
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