Singapore Stock Market News

StarHub - Green Is The New Gold

StockFanatic
Publish date: Wed, 21 Aug 2013, 01:47 PM
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.
Upgrade to BUY. We think margin guidance is too conservative and StarHub can do better, especially if iPhone 5S disappoints. Also, now that BPL cross-carriage is sorted out, we think Pay TV subscriber losses will reverse as early as 3Q13. We also like the new CEO's enterprise-oriented strategy to drive future growth and margins.

The stock is now a BUY with a street-high TP of SGD5.13. Our DCF-based TP has been raised following 3-7% upward revisions to FY13-15 forecasts and a higher terminal growth rate.
Read more »
Related Stocks
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment