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.
These are Singapore companies which announced share buybacks on Tuesday, 27 February 2019: OCBC, StarHub and Stamford Land.
These are Singapore companies which announced share buybacks on Friday, 22 February 2019: ST Engineering, Stamford Land and StarHub.
This article was originally published on Thursday, 14 February 2019, at 23:09 SGT; it has since been updated to add Cromwell European REIT. These are…
Telco StarHub reported Thursday 4Q18 net profit dropped 61.8% on-year amid lower mobile and pay TV revenue. The results beat a forecast from Daiwa.
The planned entry of a fourth telco player into Singapore’s market has weighed on the sector’s valuations, but DBS said it may not disrupt the…