Growth in Saudi Arabia’s telecom sector will remain driven by the broadband and corporate segments of the economy, NCB Capital, the GCC’s leading wealth manager and the Kingdom’s largest asset manager. Contraction in margins due to the increasing competition from Zain and the entrance of the MVNOs, as well as the reduction in Haj visas, are the sector’s main concerns, it said adding that the valuation of the sector remains attractive at 9.5x 2014E P/E, 5 percent below regional peers. Source: Saudi Gazette
Posted on: Fri, 27 Sep 2013 13:13:33 +0000
Trending Topics
Recently Viewed Topics
© 2015