Asean Telecom Companies' Earnings Likely to Grow 15% in 2026 -- Market Talk

Dow Jones
01/12

0531 GMT - Asean telecom companies' earnings are likely to grow 15% in 2026, Maybank Research analysts say in a report, as the brokerage raises the sector's rating to positive from neutral. The drivers are 6% EBITDA growth, a 1.4 percentage-point reduction in capital expenditures and a 5% reduction in net finance costs, the analysts say. The companies' net debt-to-EBITDA ratio is also expected to decline to 1.6x in 2026 from 1.7x in 2025. This creates a conducive environment for telecom companies to raise payout levels. The brokerage's top sector picks are bottom-up driven: Advanced Info Service, StarHub and PLDT, with all buy ratings and target prices of THB296.00, S$1.30, and PHP2,070.00, respectively. (ronnie.harui@wsj.com)

 

(END) Dow Jones Newswires

January 12, 2026 00:31 ET (05:31 GMT)

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