@Ultrahisham:Here comes the Feds! It is Fed's decision day again! It seems like ages since the last rate hike! And the markets don't seem flustered by the looks of it. They keep rallying. I mentioned this in my most recent article and will say it again here. 'It seems like most are rather hopeful the FOMC will set a more dovish tone. Remains to be seen if they will. I do not envy the FOMC's position really. They do not want a rampant high flying market too soon in fear of exarcerbating inflation. Neither do they want to spook them too much. So it is very much a balancing act. I believe the FOMC will keep rates elevated longer. They might not indicate a pause yet andmight even hint at more rates ahead and evenpossibly a higher terminal rate in view of the market getting ahead of them

@Ron18:DBS Group Research analyst Sachin Mittal says the coming 2023 will be “another exciting year” for the telecom sector, with mobile recovery set to continue, led by doubling of 5G users and tourist arrivals. In his Dec 5 report, Mittal says that inbound and outbound travel easing after April has benefitted the mobile services segment. Recovery in roaming and prepaid revenue is expected to lead to an over 6% y-o-y rise in mobile services revenue in 2023, compared to the 2% decline in 2021 and 24% decline in 2020. He adds that there is still room for further recovery, with the number of tourists in October still standing at half of pre-pandemic levels. This momentum coupled with 5G-led average revenue per unit (ARPU) uplift might lead to revenue growth of 4% for 2024, says Mittal. He is pro