- StarHub will vigorously defend its base of high-value mobile subscribers despite increased competition.
- For pay-TV, it intends to work towards a variable cost model for content. Fixed enterprise is main engine of growth driven by cyber security and managed services, and enables cross-selling connectivity services.
- Management will formulate a transformation plan and will share more details after obtaining approval from the board.
- Maintain HOLD. Target Price: S$1.82. Entry price: S$1.64.
What’s New
StarHub organised a meet & greet luncheon with new CEO Peter Kaliaropoulos on Tuesday.
Peter outlined strategic priorities and key initiatives to leverage on the combined strength of StarHub’s Consumer and Enterprise businesses.
Source: UOB Kay Hian Research - 23 Aug 2018