Jennifer Tan Reuters
International Herald Tribune
05-14-2008
Asian telecoms draw investor interest
Byline: Jennifer Tan Reuters
Edition: 1
Section: FINANCE/BUSINESS
SINGAPORE --
Investors look set to pump more money into Asian telecom stocks, drawn by the sector's high cash payouts and stable earnings prospects, as they seek refuge from turmoil in financial markets, sky-high inflation and a slowing U.S. economy.
Compared with technology, banking and consumer stocks, Asian telecom carriers are seen offering shelter from the subprime storm, ranking among the top five sectors in terms of yield, returns and earnings growth this year.
Favorite stocks include Taiwan's largest operator, Chunghwa ...