StarHub Limited

Results

StarHub reports earnings of $40.4 mil for 3QFY2024, 11.1% higher y-o-y

Total revenue saw a 5.8% y-o-y decline to $575.2 million, due to lower sales revenue, which fell by 4.1% y-o-y to $493.7 million.

Singapore news

Briefs: Singapore must recognise stock-market challenges: DPM Wong; StarHub and M1 potential merger said to be back on

In other news, Singapore biotech firm Mirxes has refiled its draft prospectus for a Hong Kong IPO.

Broker's Calls

Potential spin-off of StarHub’s cybersecurity business could boost share price by 20% to 30%, says DBS

The brokerage has increased the telco’s TP to $1.54 from $1.25 previously.

Broker's Calls

Maybank upgrades StarHub to ‘buy’ on positive tailwinds

Analyst Hussaini Saifee has also lifted his target price to $1.44 from $1.10 previously.
StarHub shares surge following earning and dividend beat, upgrade by CGS-CIMB (update) - THE EDGE SINGAPORE

Broker's Calls

StarHub shares surge following earning and dividend beat, upgrade by CGS-CIMB (update)

CGS-CIMB analysts estimate StarHub shares to give a yield of 7% for FY2024
CDL, StarHub, Singtel among world's most sustainable listcos - THE EDGE SINGAPORE

Sustainability

CDL, StarHub, Singtel among world's most sustainable listcos

CapitaLand Investment, which placed #56 in last year’s edition of Corporate Knights’ Global 100, has dropped out of the list.

M&A

ST Engineering acquires StarHub’s D’Crypt for $67.5 mil to boost cyber capabilities

The transaction is expected to be completed in the first quarter of 2024.
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