StarHub is Looking to Stabilize Profits over the Year; We Retain FVE at SGD 1.75
StarHub’s first-quarter 2019 was in line with our expectations and there was no change to guidance. First-quarter services revenue decreased by 1% with operating profit and net profit down 14%. Cyber security revenue grew by 41% due mainly to acquisitions but operating profit from this activity fell by SGD 16.5 million to an SGD 11.4 million loss. Without the extra cybersecurity activity, operating profit would have been broadly flat. The company continues to guide to service revenue to decline ...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.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
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