With that, he believes that the group is on track to beat its own guidance and continue to offer a 4% sustainable annualised dividend yield.
Maybank Securities is upgrading its call on local telco StarHub to “buy” from “hold” with an unchanged target price of $1.32, as analyst Kelvin Tan sees tailwinds for the group from the economy reopening.
“Starhub remains on track with its Infinity Play and Super App strategies that will see the creation of new revenue streams. Roaming revenue is improving and it would be in a good position to capture business opportunities from the re-opening of China’s economy,” says Tan, who sees any pullback as an opportunity to “accumulate”.
