Singapore Stock Market News

StarHub - EPL cross-carriage upheld

StockFanatic
Publish date: Thu, 01 Aug 2013, 04:30 PM
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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.
Catching A Break From 4G & EPL

Upgrade to HOLD post-correction
The share price has corrected significantly since our downgrade to SELL in May to near our DCF-based fair value of SGD4.22.

We upgrade the stock from SELL to HOLD with TP maintained at SGD4.22.

It is too early to confirm now but catalysts in 2H13 would include a potential increase in FY14 dividend now that cashflow uncertainties viz spectrum auction have cleared up, and we anticipate drumbeats for this to get louder toward end-FY13.
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