Simons Trading Research

StarHub - New CEO Injects New Vigour

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Publish date: Thu, 23 Aug 2018, 09:41 PM
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Simons Stock Trading Research Compilation
  • 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

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