Telcos offer defensive buys when market is down

WITH more Singaporeans staying home amid the outbreak of the novel coronavirus, the adage that telecoms are a defensive play could take on new life in a digital age.

In a note on Monday, DBS analysts Yeo Kee Yan and Janice Chua advocated investing in a mix of defensive counters for their yield and beaten-down stocks that should recover smartly once the virus is brought under control.

As far as defensive play is concerned, few are better than telcos, in their view. Fibr…