Starhub

Analysts hold their calls on StarHub as its connection to its outlook seems bleak

In the long run, however, it is likely that 5G connectivity will prove to be the crucial decider of the telco battle royale.

StarHub’s CEO Peter Kaliaropoulos will retire after just two years at the helm, with effect from Oct 31, 2020, announced the company on Jul 27.

Quoteworthy: “It’s not like we had a fight. This was perfectly amicable.” –— SoftBank Group founder Masayoshi Son, pre-empting speculation of a fallout with Alibaba Group’s Jack Ma. They are quitting each other’s boards.

StarHub put on hold as industry consolidation may be delayed

In light of the uncertainty, StarHub is withdrawing “all guidance” for FY2020, including its intention to maintain an unchanged full-year dividend of nine cents.

While the 5G wins may introduce revenue for the telcos in FY2021, investors may need to brace for lower-than-expected dividends due to increased capital expenditures (capex) in order to roll out the licences and maintain the networks.

What will Singaporeans spend with their one-off $600 Solidarity payout?

Telcos, with their critical function of providing communications and Internet access, are seen as somewhat more resilient. In fact, they may even benefit from stronger demand.

StarHub has made another big move to beef up its enterprise business