UOB KayHian upgraded c to Hold, saying the stock is trading well below its five-year average enterprise value to EBITDA ratio.
CGS-CIMB upgraded StarHub to Add from Hold, saying management is executing well on its efforts to cut operating and capital expenditures.
StarHub reported Tuesday it 3Q19 net profit rose 2% on-year to S$58M despite lower revenue from mobile, pay TV and broadband, as operating expenses fell.
These are Singapore companies which may be in focus on Tuesday, 1 October 2019: BreadTalk, Genting Singapore, Hyflux, First REIT, Sunpower and Spackman.
StarHub said Tuesday it would be airing the new seasons of around 15 U.S. television series on the same day they air in the U.S.
StarHub said Monday it signed a deal with China Mobile, China Unicom and China Telecom to boost data connectivity between Singapore and Chongqing.
Maybank KE said it was sticking with a contrarian Buy call on StarHub, saying the shares could re-rate on signs Singapore’s telco market has stabilized.
StarHub’s lower-than-expected 2Q19 results show the telco isn’t out of the woods, but there were still positive signs, Daiwa said in a note last week.
Temasek entered an agreement to acquire D’Crypt from StarHub and D’Crypt’s founding shareholders, the telco said in a filing to SGX Thursday.
StarHub reported Tuesday its 2Q19 net profit dropped 36.1 percent on-year to S$39.5 million amid lower contributions from mobile, pay TV and broadband.
StarHub’s first quarter results showed some encouraging “green shoots,” but the telco still faces “critical challenges,” Daiwa said in a note Friday.
StarHub reported Friday 1Q19 net profit attributable to shareholders fell 14.2% on-year on lower mobile and pay TV revenue. The telco cut its dividend.