Singapore Stock Market News
StarHub - EPL cross-carriage upheld
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Publish date: Thu, 01 Aug 2013, 04:30 PM
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Catching A Break From 4G & EPL
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.
Read more » 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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