StarHub Ltd.

StarHub is a fully-integrated info-communication company based in Singapore. Co. offers a full range of information, communications and entertainment services for both consumer and corporate markets. Co. operates a two-way 3.5G mobile network that delivers up to 14.4 Mbps for downlink (with HSPA+ coming soon) to complement its nation-wide GSM network, and an island-wide HFC network that delivers multi-channel cable TV services (including High Definition Television and on-demand services) as well as ultra-high speed residential broadband services. Co. also operates an extensive fixed business network that provides a wide range of data, voice and wholesale services.
  • TickerCC3
  • ISINSG1V12936232
  • ExchangeSingapore Exchange
  • SectorMobile Telecommunications
  • CountrySingapore
UOB
Arsit Pamaranont ...
  • Chong Lee Len
  • Jayson Kong
  • Jie Ying Chloe Tan
  • John Cheong Ming Chern
  • Jonathan Koh
  • Keith Wee Teck Keong
  • Kong Ho Meng
  • Kowit Pongwinyoo
  • Llelleythan Tan Tan
  • Neo Chen Wentao
  • Peerawat Dentananan
  • Raphon Prima
  • Sandra Huang Jieqiong
  • Tham Mun Hon

Regional Morning Notes - Friday, May 08, 2020

GREATER CHINA Economics Trade: Apr 20: Positives from export beat masked by stuttering domestic demand. Results China Molybdenum (3993 HK/BUY/HK$2.48/Target: HK$3.00): 1Q20: Slight beat; upgrade to BUY on undemanding valuation. INDONESIA Update Indosat (ISAT IJ/BUY/Rp2,100/Target: Rp2,930): No impact from discontinuing unlimited plan; expecting 11-12% EBITDA growth for 2020-21. MALAYSIA Sector Banking: Ministry of Finance stands firm that banks should not charge additional interest on HP loans and this could lead to sizeable modification losses. Maintain MARKET WEIGHT. Banking: Prevailing un...

UOB
Chong Lee Len ...
  • Jie Ying Chloe Tan

StarHub (STH SP) - 1Q20: Results in line, Cautious on near-term outlook

1Q20 net profit of S$40m (-25%yoy, +15% qoq) reflected the travel limitations due to the COVID-19 outbreak. This led to lower usage of roaming services, fewer tourists and weaker handset sales. While we deem the earnings to be within expectations, we expect a weaker 2Q20 (full impact from Singapore) and cut 2020F EPS by 15%. Starhub will provide its 2020 guidance in three months’ time. Maintain HOLD with a target price of S$1.40. Entry price: S$1.20.

UOB
Chong Lee Len ...
  • Jie Ying Chloe Tan
  • John Cheong Ming Chern
  • Jonathan Koh
  • Llelleythan Tan Tan

Singapore Daily - Friday, May 08, 2020

KEY HIGHLIGHTS Initiate Coverage Riverstone Holdings (RSTON SP/BUY/S$1.21/Target:S$1.46): Beneficiary of industry tailwinds from COVID-19. Results StarHub (STH SP/HOLD/S$1.49/Target: S$1.40): 1Q20: Earnings in line but we expect a weaker 2Q20 outlook; we cut our FY20F EPS by 15%. United Overseas Bank (UOB SP/NOT RATED/S$19.88): 1Q20: Beats expectations. Small/Mid Cap Highlights Sunningdale Tech (SUNN SP/HOLD/S$0.98/Target: S$1.02): 1Q20: Results below expectations; cautious outlook due to COVID-19. TRADERS’ CORNER Koufu Group (KOUFU SP): Trading Buy Keppel Corp (KEP SP): Trading Buy

New Street: Asian Telcos: Takeaways from early Q1 results re Covid-19 risk

In this note we update our thoughts on Covid-19 and draw early lessons post the start of Q1 results. The economic impact is the overriding issue, as it drives broad-based consumer and business spending cuts, and is quite varied across the region.

New Street: Asian Telcos: Who is most at risk from Covid-19?

Covid-19 is set to be the biggest driver of earnings surprises in H1 2020. The telco industry is not as defensive as many investors believe we think and we show which Asian telcos are likely to materially disappointment.

1 director sold

A director at Starhub Ltd sold 106,400 shares at 1.417SGD and the significance rating of the trade was 62/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board me...

UOB
Arsit Pamaranont ...
  • Chong Lee Len
  • Jayson Kong
  • Jie Ying Chloe Tan
  • John Cheong Ming Chern
  • Jonathan Koh
  • Keith Wee Teck Keong
  • Kong Ho Meng
  • Kowit Pongwinyoo
  • Llelleythan Tan Tan
  • Neo Chen Wentao
  • Peerawat Dentananan
  • Raphon Prima
  • Sandra Huang Jieqiong
  • Tham Mun Hon

Regional Morning Notes - Friday, May 08, 2020

GREATER CHINA Economics Trade: Apr 20: Positives from export beat masked by stuttering domestic demand. Results China Molybdenum (3993 HK/BUY/HK$2.48/Target: HK$3.00): 1Q20: Slight beat; upgrade to BUY on undemanding valuation. INDONESIA Update Indosat (ISAT IJ/BUY/Rp2,100/Target: Rp2,930): No impact from discontinuing unlimited plan; expecting 11-12% EBITDA growth for 2020-21. MALAYSIA Sector Banking: Ministry of Finance stands firm that banks should not charge additional interest on HP loans and this could lead to sizeable modification losses. Maintain MARKET WEIGHT. Banking: Prevailing un...

UOB
Chong Lee Len ...
  • Jie Ying Chloe Tan

StarHub (STH SP) - 1Q20: Results in line, Cautious on near-term outlook

1Q20 net profit of S$40m (-25%yoy, +15% qoq) reflected the travel limitations due to the COVID-19 outbreak. This led to lower usage of roaming services, fewer tourists and weaker handset sales. While we deem the earnings to be within expectations, we expect a weaker 2Q20 (full impact from Singapore) and cut 2020F EPS by 15%. Starhub will provide its 2020 guidance in three months’ time. Maintain HOLD with a target price of S$1.40. Entry price: S$1.20.

UOB
Chong Lee Len ...
  • Jie Ying Chloe Tan
  • John Cheong Ming Chern
  • Jonathan Koh
  • Llelleythan Tan Tan

Singapore Daily - Friday, May 08, 2020

KEY HIGHLIGHTS Initiate Coverage Riverstone Holdings (RSTON SP/BUY/S$1.21/Target:S$1.46): Beneficiary of industry tailwinds from COVID-19. Results StarHub (STH SP/HOLD/S$1.49/Target: S$1.40): 1Q20: Earnings in line but we expect a weaker 2Q20 outlook; we cut our FY20F EPS by 15%. United Overseas Bank (UOB SP/NOT RATED/S$19.88): 1Q20: Beats expectations. Small/Mid Cap Highlights Sunningdale Tech (SUNN SP/HOLD/S$0.98/Target: S$1.02): 1Q20: Results below expectations; cautious outlook due to COVID-19. TRADERS’ CORNER Koufu Group (KOUFU SP): Trading Buy Keppel Corp (KEP SP): Trading Buy

New Street: Asian Telcos: Takeaways from early Q1 results re Covid-19 risk

In this note we update our thoughts on Covid-19 and draw early lessons post the start of Q1 results. The economic impact is the overriding issue, as it drives broad-based consumer and business spending cuts, and is quite varied across the region.

New Street: Asian Telcos: Who is most at risk from Covid-19?

Covid-19 is set to be the biggest driver of earnings surprises in H1 2020. The telco industry is not as defensive as many investors believe we think and we show which Asian telcos are likely to materially disappointment.

With a more favourable environment, STARHUB LTD. improves to Slightly Positive

STARHUB LTD. (SG), a company active in the Mobile Telecommunications industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 4 out of 4 stars, as well as its unchanged, moderately risky market behaviour. The title leverages a more favourable environment and raises its general evaluation to Slightly Positive. As of the analysis date February 14, 2020, the closing price was SGD 1.47 and its potential was estimated at SGD 1.61.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

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