Meanwhile, RHB Group Research maintains its “neutral” call and lowered target price to $1.07 from $1.20 previously, and DBS Group Research is keeping its “hold” rating with a lowered target price of $1.02 from $1.31 previously.
Local telco StarHub recorded a set of lacklustre 3QFY2022 ended September results, with earnings coming in 32% lower y-o-y at $27.4 million, despite revenue coming in 14.2% higher y-o-y at $590.8 million.
Analysts have mixed sentiments on the stock. The bullish Maybank Securities and PhillipCapital have kept their "buy" and "accumulate" calls, with Maybank increasing its target price of $1.33 from $1.32 previously and PhillipCapital dropping its target price to $1.15 from $1.35 previously.
