|Bid||1.3200 x 0|
|Ask||1.3300 x 0|
|Day's range||1.2900 - 1.3600|
|52-week range||1.2600 - 2.0300|
|Beta (3Y monthly)||0.81|
|PE ratio (TTM)||14.04|
|Earnings date||7 Nov 2019 - 11 Nov 2019|
|Forward dividend & yield||0.09 (6.82%)|
|1y target est||1.96|
While many may see StarHub Limited (SGX: CC3) as a stable dividend payer, there is a fibre network operator in Singapore that pays a more consistent dividend.
Investors who own telecommunication companies such as Singapore Telecommunications Limited (SGX: Z74) and Starhub Limited (SGX: CC3) have a few reasons to worry.
StarHub Limited (SGX: CC3) has released another downbeat set of earnings. Investors should note that the company might further reduce dividends in the future.
These latest institutional buying activities might be a source of ideas for investors and, especially, dividend investors.
SINGAPORE (Aug 6): Starhub reported earnings of $39.5 million for the 2Q19 ended June, down 36.1% from $61.7 million the previous year.
Singapore on Thursday launched a S$40 million ($29.5 million) initiative to test applications for 5G networks, the next generation of mobile communications, ahead of a planned rollout next year. The project, unveiled by minister for communications and information S Iswaran, will test the network in areas such as port management, manufacturing and consumer applications as the city-state looks to be "a global front-runner in impactful 5G use cases". Singapore will pick a telecoms company to be the first to mass-market 5G networks by the end of the first quarter of next year, the first step in a broader rollout, Iswaran told journalists after the announcement.
Singapore Telecommunications is set to post its lowest annual profit in 16 years on Wednesday, underscoring challenges Southeast Asia's largest telecoms firm faces as its rivals strike deals in a highly competitive industry. Slowing demand at home and intense competition in its key overseas markets have capped Singtel's profit growth in recent years. Analysts say Singapore's second-biggest firm by market capitalisation faces pressure to cut costs and find new sources of revenue, as other telcos seek ways to boost margins through measures such as job cuts and mergers.
SINGAPORE (May 6): Consensus are mostly neutral on StarHub following its results announcement on May 3. The revenue increase was mainly driven by strong segmental revenue contributions from network solutions (+9%) and cyber security services (+41%), which mitigated 5% and 12% lower service revenues from the mobile and Pay TV businesses, respectively. Looking ahead, StarHub says it expects 2019 service revenue to decline 2%.