The group’s shares may experience some volatility ahead of the commercial launch by TPG due to their reliance on the Singapore market, as its local mobile business accounts for a significant 52.6% of its service revenue in 4Q17.
SINGAPORE (Apr 10): UOB Kay Hian is maintaining its “sell” call on StarHub with a target price of $2.25.
In a Tuesday report, analyst Jonathan Koh says, “We maintain our defensive stance on the telco sector as we brace ourselves for the impending entry of TPG as the 4th mobile operator.”
