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MAYBANK Kim Eng sees further upside on telco Singtel as recovery is underway, driven by a projected upswing from Indian associate Bharti Airtel in fiscal 2022.

MAYBANK Kim Eng sees further upside on telco Singtel as recovery is underway, driven by a projected upswing from Indian associate Bharti Airtel in fiscal 2022.

Maybank Kim Eng is keeping its “buy” recommendation on Singtel with a target price of $2.88. In a Jan 18 report, lead analyst Kareen Chan says, “The stock has rebounded 25% from its decade low but we see further upside as recovery is underway, driven by upswing from Bharti in FY2022. We see de...

In a bid to expand its operations in Greater China, tech-firm NCS has launched the NEXT Shenzhen Innovation Centre (SIC) to help enterprise clients accelerate digital transformation. Located in Tian’an Cloud Park in Shenzhen, it will develop 5G-enabled Internet of Things (IoT) applications, digita...

Singapore Telecommunications (Singtel)’s Thai associate, Advanced Info Service Public Company (AIS) has received the Arbitration Committee resolution which dismissed state-operator CAT Telecom Public Company’s dispute. The resolution was received by AIS’s subsidiary Digital Phone Co (DPC) that...

Grab Financial Group announced on Jan 14 that it has raised over US$300 million ($397.4 million) in its Series A funding round, led by Hanwha Asset Management Co, South Korea’s leading asset management company. Other investors in the round include K3 Ventures, GGV Capital, Arbor Ventures and Flour...

RHB Group Research is staying “neutral” on Singapore’s telecommunications sector as its risk-reward profile is balanced, after the sharp correction in 2020. In a Jan 12 report, the research house says, “We expect competition to remain intense in 2021, with industry mobile revenue set fo...

The Straits Times Index (STI) was down 0.08% or 2.53 points to 2,990.66 as at 1.59pm amid growing optimism in the US markets due to the announcement of a potential stimulus aid worth trillions of US dollars. Week-on-week, the benchmark index grew 4.6% from the previous week’s (Jan 4) 2,858.90.AdCh...

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