|Bid||2.84 x 0|
|Ask||2.85 x 0|
|Day's range||2.81 - 2.85|
|52-week range||2.54 - 3.16|
|PE ratio (TTM)||16.57|
|Earnings date||1 Feb 2018 - 5 Feb 2018|
|Forward dividend & yield||0.14 (7.20%)|
|1y target est||2.48|
The shares were sold after it was announced the CEO would step down. DBS sold 900,000 of its shares in StarHub for $2.45m on 13 November. According to an announcement, this cut Temasek Holdings' (Temasek) ...
The platform called Fasttrack Trade will be launched in 1Q18. Prudential Singapore (Prudential) and StarHub partnered up to launch a blockchain-based digital trade platform called Fasttrack Trade (FTT). It will allow them to find business distributors, buy and sell goods, track shipments, receive and make payments, and access finance products on a single platform.
United Overseas Bank’s (UOB) 3Q17 loans growth was 7.7% higher y-o-y driven by strong double digit loans growth from manufacturing and financial institutional loans coupled with a 6.6% increase of housing loans growth. Net interest margin (NIM) expanded 4bps q-o-q to 1.79%.
Its mobile and Pay TV segments continue to weigh down company performance. StarHub’s Q3 profits fell by 11.5% YoY from $86m to $76.2m, according to its financial report. According to OCBC Investment Research, total revenue dipped by 0.8% YoY to $580.4m but would have been worse if not for the 11.3% growth in the enterprise fixed business.
It is priced $5.10 higher compared to previous packages. StarHub launched postpaid mobile packages as a response to the incoming entry of TPG as the fourth mobile operator in Singapore. According to UOB Kay Hian, the telco has included unlimited weekend data plans, which are priced $5.10 higher compared to previous packages.
The worst is yet to come for StarHub as a new competitor and increased content piracy could put its wireless and pay TV business under siege. According to Maybank Kim Eng, its bundled services continues to retain subscribers, but revenue leakage remains a risk. At this point, StarHub's committed distribution per share (DPS) of 16 cents can only be supported through additional debt.
Is it ready to up its game in its ICT services? StarHub's recent launch of unlimited data plans could be the result of tougher competition in the mobile segment market. According to OCBC Investment Research, this is likely due to the impending 4th telco entry as well as MyRepublic’s intention to launch mobile services with generous data offerings such as mobile virtual network operator (MVNO) as early as next month.
M1 and Starhub are trying to keep up with changing digital usage after the two telcos launched new mobile data plans with unlimited data access. According to KGI, M1's unlimited 4G mobile plan, mySIM3 98 plan, costs $98 for unlimited data access for 12 months. The plan is one of the four new data-centric SIM-only plans that M1 launched, which starts from S$20 for a 5GB plan with a 12-month contract.
StarHub Ltd (SGX: CC3) reported its 2017 second quarter results earlier this month. For the reporting quarter, StarHub generated $542.6 million in service revenue, a figure that was 2% lower compared to a year ago. StarHub derives its service revenue from four business segments: mobile services, pay TV services, enterprise fixed services, and broadband services.
StarHub Ltd (SGX: CC3) reported its second-quarter results earlier this month. For the reporting quarter, StarHub announced that it brought in $542.6 million in service revenue, a figure that was 2% lower compared to a year ago. StarHub derives its service revenue from four business segments: mobile, pay TV, enterprise fixed and broadband.
Its subscriber base has fallen around 12% since 2Q15. StarHub's Pay TV subscriber base continues its downtrend in the past quarter and this is hurting the telco's hubbing strategy, which involves it offering two or three bundle services together with discounts. According to DBS Group Research, the telco's Pay TV subscriber base has already fallen around 12% to 477,000 from 2Q15's 545,000.
The acquisition will be in two phases. Singapore telco giant StarHub Ltd announced an agreement to acquire the remaining 49% stake in Accel Systems & Technologies Pte. Ltd. in two phases: 29.4% in Phase 2 and 19.6% in Phase 3. StarHub CEO Tan Tong Hai said following the completion of the two phases, Accel will be a wholly-owned subsidiary of StarHub.
It recently acquired 51% stake in the cybersecurity solutions provider. It appears like its 51% stake in Accel Systems & Technologies is not enough for StarHub. According to RHB's News Bulletin, StarHub ...
The mobile outlook remains weak as competition intensifies. Whilst StarHub's recent acquisition of stakes in a cybersecurity firm makes sense, OCBC Investment Research believes it will still take time ...
StarHub's recent acquisition of a 51% stake in cyber security solutions provider ASTL for $19.4m could boost its fixed network segment, a report from RHB said. Whilst Starhub’s deal and transaction value is small when compared to Singtel which acquired Trustwave in 2015 for $810m, RHB believes that the acquisition will help strengthen StarHub’s fixed network services and enterprise suite of managed services where cyber security solutions form an inherent part of the overall service/product offerings.
It eyes strengthening is cyber security portfolio amidst global attacks. Singapore telco StarHub announced its planned acquisition of a 51% stake in ASTL, a cyber security solutions provider for $19.38m. According to RHB, ASTL is from an Indian-based IT services provider Accel Frontline Ltd and the acquisition is to strengthen StarHub's cyber security portfolio and capabilities, allowing it to offer end-to-end cyber security solutions and services.
If there's one thing StarHub has to worry about, it would be its payTV and broadband segments. This translated to a 7% revenue decline in the segment. "This brought 12-month subscriber loss to 41,000 as customers churned to the cheaper alternatives," DBS Group Research noted.
It was not a DDoS attack that affected the service. The Infocomm Media Development Authority (IMDA) and the Cyber Security Agency of Singapore (CSA) revealed the results of their investigation on StarHub's home broadband network disruptions. The investigations revealed that the disruptions were caused by a surge in legitimate Domain Name System (DNS) traffic.
A lot was thinking whether StarHub has any intention to acquire M1, as the smallest telco's three biggest shareholders are reviewing their stakes. "ST Telemedia is wholly-owned by Temasek, which is also a major shareholder of M1’s shareholders Keppel T&T and SPH.
Lesser telco giants StarHub and M1 are forging a win-win outcome through their network sharing. According to UOB KayHian, StarHub and M1 intend to share radio access (base stations) and backhaul transmission network in a comprehensive manner across 3G, 4G, and 5G. "Network sharing allows StarHub to ensure that it provides the best-in-class mobile coverage whilst simultaneously minimising capex and opex.
The scheme could reduce their overall capex. StarHub and M1 are joining forces as they battle head-to-head with two other telcos, one of which just recently entered the battlefield. According to DBS Vickers Securities, StarHub and M1 signed an MOU to study potential further collaboration in mobile infrastructure sharing, with a focus on sharing radio access network, backhaul and access assets.
They are exploring mobile infrastructure sharing. Two heads are better than one, and incumbent telcos M1 and StarHub have just inked a Memorandum of Understanding to study increased collaboration in mobile ...
The latter has successfully set up a successful broadband business in Australia. TPG Telecom's entry as the fourth telco is already posing threats to the mobile segments of the three incumbents, most especially M1, whose entire subscriber base rests on the city-state. According to RHB Research, TPG could look to replicate its successful fixed broadband business in Australia and therefore potentially thwarting StarHub’s broadband segment.
Bigger stakes are coming for the four telcos now, as they are set to participate in the general spectrum auction in the first quarter of 2017. StarHub would not come to the battle unequipped, UOB KayHian analyst Jonathan Koh said. Back in May, StarHub has amassed a war chest after raising S$300m through its medium-term note programme.
As people in Singapore welcome the festive season with shopping sprees, StarHub TV launched 24-hour shopping channel GoShop in partnership with Astro Malaysia. Go Shop, a Mandarin shopping channel, will be on Channel 110. It will be available on StarHub Go, the telco's streaming service, by early next year.