According to comments from Blackrock, telecommunications stocks could be the next area of investing for 2020. In a piece on CNBC and sourced from Mr Andrew Swan, “we have bought telecom stocks we have not touched in years…..” This is based on stocks that Blackrock identified in India, Singapore and China. Many operators are focused on cost cutting and in 2020, but others will raise cash, and average revenue will be high on the list of goals. Swan said Blackrock sees “greater than market returns” for those stocks.
Blackrock is Bullish Asia Telecoms for 2020
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