Singapore Stock Market News

Starhub - Facetime with the CEO

StockFanatic
Publish date: Sun, 23 Jun 2013, 10:17 PM
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The main takeaways from Starhub's participation at our Annual Asia Pacific conference are: 1) it is eyeing the enterprise market as a growth driver, 2) it is trying to stimulate roaming revenues with its new rate, and 3) competition in fibre remains stiff.

Starhub remains a Neutral with no change to our DCF-based target price (WACC 7.8%) given the lack of re-rating catalysts for the stock. M1 is our top telco pick in Singapore as it is the key beneficiary of the surging take-up of tiered data plans.
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