Starhub

Ongoing transformation curbs StarHub's earnings recovery; dividends lend support for now - THE EDGE SINGAPORE

Results

Ongoing transformation curbs StarHub's earnings recovery; dividends lend support for now

StarHub is incurring big expenses for its transformation, but its steady dividends are lending some support.
Analysts remain 'neutral' on StarHub; Maybank and PhillipCapital downgrade to 'hold' after FY2022 results - THE EDGE SINGAPORE

Broker's Calls

Analysts remain 'neutral' on StarHub; Maybank and PhillipCapital downgrade to 'hold' after FY2022 results

All the brokerages except Maybank have upped their target prices on the telco.

Results

StarHub's 2HFY2022 earnings drop 98.4% y-o-y on higher expenses from impairment losses

StarHub is declaring a final dividend of 2.5 cents per share.
StarHub shares up 7.55% in last half hour of trading, drawing query from SGX - THE EDGE SINGAPORE

Company in the news

StarHub shares up 7.55% in last half hour of trading, drawing query from SGX

The telco is due to report its full year earnings on Feb 7.
Steel company tops Corporate Knights' Global 100, four Singapore names among world's most sustainable listcos - THE EDGE SINGAPORE

Sustainability

Steel company tops Corporate Knights' Global 100, four Singapore names among world's most sustainable listcos

A dollar invested in an index composed of Global 100 companies on Feb 1, 2005, would have generated a return 1.2 times higher.

Digital Economy

StarHub embarks on Cloud Infinity transformation to futureproof business growth

The move allows StarHub to co-develop solutions with enterprises and differentiate services through low-latency multi-access tech.

Broker's Calls

Analysts remain upbeat on StarHub on transitional 2023; UOB Kay Hian upgrades stock to 'buy'

In her report, UOB Kay Hian’s Chong Lee Len adds that consolidation in the market is a ‘key re-rating’ catalyst for the stock.
Local telcos to enjoy more growth in 2023; Simba likely to be acquired: DBS - THE EDGE SINGAPORE

Broker's Calls

Local telcos to enjoy more growth in 2023; Simba likely to be acquired: DBS

Analyst Sachin Mittal says recovery in roaming and prepaid revenue is expected to lead to an over 6% y-o-y rise in 2023.

Insider moves

StarHub, Singapore Exchange in steady share buybacks

Amid price rivalry and inflation, Starhub is well-placed to capture the roaming recovery, says Maybank Securities

Corporate moves

Singtel renews interest with higher dividends; StarHub's transformation weighs on earnings

While Singtel is seeing fruits bear from its asset recycling initiatives, StarHub is still spending on its transformation.
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