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StarHub shares surge following earning and dividend beat, upgrade by CGS-CIMB (update)

The Edge Singapore
The Edge Singapore • 2 min read
StarHub shares surge following earning and dividend beat, upgrade by CGS-CIMB (update)
StarHub Green. Photo: Samuel Isaac Chua/The Edge Singapore
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StarHub shares surged more than 10% following better-than-expected earnings for FY2023 and higher than expected dividend payout on Feb 8.

As at 9.28am, StarHub (SGX:CC3) 's (SGX:CC3) shares changed hands at $1.16 - having eased from as high as $1.18 earlier. It closed at $1.07 on Feb 8, before the results were announced.

As the company is guiding for further earnings and dividend growth this year, analysts have stayed positive on this counter.

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