PETALING JAYA: Some telecoms players have seen an upsurge in data traffic since the movement control order (MCO) but they can’t say if that will translate to higher earnings for this year.
Kenanga Research has also upgraded the telecoms sector to “overweight” from “neutral’’ amid the coronavirus (Covid-19) pandemic as it believes the “telecoms stocks have mostly fared better than the FBM KLCI”.
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