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.
theScreener is the market leader for independent valuations of financial securities, equities, sectors and markets, and new funds. theScreener's ratings, analyses are used by leading banks, asset managers and financial portals. Approximately 10,000 workstations benefit from theScreener's services, with over millions of customer accounts actively analysed.
KEY HIGHLIGHTS Results Sembcorp Marine (SMM SP/HOLD/S$1.20/Target: S$1.21): 2019: Worse than expected; not out of the woods yet. StarHub (STH SP/HOLD/S$1.50/Target: S$1.45): 4Q19: Within expectations; the company will focus on near-term cost optimisation and opportunities in the enterprise segment. Wilmar International (WIL SP/BUY/S$4.04/Target: S$4.75): 2019: Above expectation on strong tropical oil performance. China IPO undergoing approval process but may be slightly delayed by the COVID-19 outbreak. Small/Mid Cap Highlights Valuetronics (VALUE SP/BUY/S$0.71/Target: S$0.85): Temporary disr...
GREATER CHINA Economics Money Supply: Better late than never: Subdued monetary data calls for further support. Small/Mid Cap Highlights Conviction BUY in social e-commerce, cloud, smart device plays: INDONESIA INDONESIA Update Sarana Menara Nusantara (TOWR IJ/BUY/Rp880/Target: Rp1,050): Valuation re-rating driven by foreign access to tower industry. MALAYSIA Results British American Tobacco (ROTH MK/BUY/RM12.70/Target: RM15.33): 4Q19: Results beat expectations as volumes recover qoq against leaner opex. Valuations at an all-time low while impending regulation could be catalyst. Upgrade to BU...
4Q19 net profit of S$35m (+77% yoy, -21% qoq) was driven by cost discipline and higher handset sales. The qoq decline was due to one-off provision of S$10.9m relating to maintenance cost for submarine cable. 2019 net profit of S$186m accounts for 101% of our forecast, in line with expectations. Competition was rational in 4Q19. Starhub will focus on driving near-term operational efficiency. 1Q20 will be impacted by COVID-19. Maintain HOLD and target price of S$1.45. Entry price: S$1.25.
The independent financial analyst theScreener just lowered the general evaluation of MULTICHOICE GROUP LTD. (ZA), active in the Broadcasting & Entertainment industry. As regards its fundamental valuation, the title still shows 1 out of 4 possible stars. Its market behaviour, however, has slightly deteriorated and will be qualified as moderately risky moving forward. theScreener considers that these new qualifications justify an overall rating downgrade to Neutral. As of the analysis date February 21, 2020, the closing price was ZAR 99.80 and its target price was estimated at ZAR 94.04.
The general evaluation of TRUWORTHS INTL.LTD. (ZA), a company active in the Apparel Retailers industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 3 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date February 21, 2020, the closing price was ZAR 48.50 and its potential was estimated at ZAR 52.74.
The independent financial analyst theScreener just lowered the general evaluation of NETCARE LTD. (ZA), active in the Health Care Providers industry. As regards its fundamental valuation, the title now shows 1 out of 4 stars while market behaviour can be considered moderately risky. theScreener believes that the title remains under pressure due to the loss of a star(s) and downgrades its general evaluation to Neutral. As of the analysis date February 21, 2020, the closing price was ZAR 19.40 and its target price was estimated at ZAR 16.95.
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