KUALA LUMPUR (Sept 25): CIMB Research has upgraded the telecommunications sector to “Neutral” and said postpaid competition have eased slightly quarter-on-quarter but prices still below 1Q15 levels.
In a note today, the research house said prepaid competition has intensified with aggressive Internet and IDD promotions.
CIMB Research said industry mobile service revenue likely to remain weak in 3Q15.
“On a relative basis, Maxis could gain further mobile revenue market share. Upgrade sector to Neutral.
“After underperforming year-todate, valuations now more fairly reflect competition risks.
“Downgrade DiGi.Com Bhd to Reduce after share price bounce,” it said.