Weak Trends Continue for StarHub in 3Q With Cost Reduction Used to Fight Back
StarHub’s third quarter 2018 was broadly in line with our expectations and the company’s guidance for 2018. We retain our thesis that the company’s profits will remain under pressure for at least the next two years due to increased mobile competition and secular decline of pay TV negatively impacting StarHub’s traditional bundling strategy. Second-quarter services revenue decreased by 1.5% with EBITDA down 9.8% and net profit down 12.8%. We retain our long-term forecasts and our fair value estim...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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