CGS International downgraded their call on StarHub from “buy” to “hold”, lowering their target price to $1.30 from $1.40 previously, due to its “uncertain FY2025 earnings outlook”.
StarHub reported an 8% year-on-year rise in net profit for FY2024, reaching $161.7 million for the year ended Dec 31, 2024. It plans to pay a final dividend of 3.2 cents per share, bringing its total FY2024 payout to 6.2 cents.
Analysts had mixed reactions to StarHub (SGX:CC3
) ’s results.
