SGX Telco Plays Grab Spotlight as Singapore Unveils 5G Rollout Plans
The 3 largest telecom players on SGX – Singtel, NetLink NBN Trust and StarHub – have a combined market cap of about S$60 billion. Last month, Singapore unveiled plans to issue licences to operate two full-fledged 5G networks and two smaller ones with limited coverage. In the month of October, the trio averaged a total return of 3.7%. In the YTD, Singtel and NetLink were the strongest performers, averaging total returns of 16.3% and 25.2% respectively.