0202 GMT - Singapore's telecommunications sector should post decent 1Q earnings growth, UOB Kay Hian analysts write in a note. Growth is likely to be supported by factors including strong earnings visibility, improving business outlooks and cost-saving initiatives, they say. The sector is currently trading slightly below its five-year average forward ratio of enterprise value to earnings before interest, taxes, depreciation, and amortization, they note. The brokerage continues to like telcos with regional exposure, partly due to a persistently weak domestic market in Singapore amid stiff pricing competition. UOB KH maintains an overweight rating on the sector and pegs Singtel as its top pick.(amanda.lee@wsj.com)
(END) Dow Jones Newswires
March 31, 2025 22:02 ET (02:02 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。