Singapore Stock Market News

Starhub - NDR takeaways

StockFanatic
Publish date: Thu, 23 May 2013, 10:16 AM
StockFanatic
0 10,453
Welcome to Stockfanatic Singapore stock market and regional market news. This is a platform to share Singapore stock market and regional news to investors / man in the street. Investors can also look forward to analyst reports and brokers recommendations. Stockfanatic's Singapore stock market and regional news blog, home of investors one stop news station.
The investors we met during Starhub's post-1Q13 non-deal roadshow focused on its lower revenue guidance which also has a small impact on EBITDA. Also a topic of discussion was the regulator's directive to SingTel to cross-carry the BPL, which is a small positive for Starhub.

We maintain our forecast, DCFbased (WACC 7.8%) target price and Neutral rating on StarHub despite its recent de-rating, which was probably triggered by its revenue downgrade, as it lacks catalysts. M1 remains our top Singapore telco pick as it is a key beneficiary of rising take-up of tiered data plans.
Read more »
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment