To recap, StarHub on Wednesday reported $73.1 million in earnings for the 1Q ended March, representing a 21.3% decline from its earnings a year ago in spite of seeing a 0.2% growth in revenue to $592.3 million.
SINGAPORE (May 4): OCBC Investment Research and UOB Kay Hian are maintaining their “sell” and “hold” recommendations on StarHub at a respective target price of $2.40 and $2.98.
This despite 1Q17 earnings coming in line with expectations from both houses.
