Singapore Telcos

DBS gave a neutral call to Singapore Telco shares with M1 as the top pick.

FY08 PER ratios are as follows:
M1 = 11 ( Dividend Yield 7.4%)
SingTel = 14.7 ( Dividend Yield 3.4%)
StarHub = 14.8 (Dividend Yield 5.7%)

Price Earnings ratio is still all greater than 10. M1 though provides a rather good dividend yield.