Chart of the Day: Check out the trend in mobile revenue growth of Singapore telcos

Revenue is stable, but YoY growth is thinning.

Singapore is facing an all-but-certain entry of a new competitor. But Maybank KimEng said it would be M1 who will have to work twice to keep up with other giants.

"As a pure mobile operator, it has no other levers to defend its subscriber base other than pricing, unlike StarHub or Singtel which can bundle other services such as Pay TV, broadband to keep subscribers sticky. Its reliance on the consumer market also makes its earnings particularly vulnerable, unlike the other two that have a bigger corporate business balance," the firm said.

Over the past time periods, industry mobile revenue growth is on the rise, peaking at December 2014. But the latest showing at June 2016 showed declines in overall revenue.