Singapore Stock Market News

StarHub - No dividend joy this time

StockFanatic
Publish date: Fri, 07 Feb 2014, 12:49 PM
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■ FY13 results within expectations, with net profit up 3% YoY to SGD371m against forecast of SGD375m.

■ No hike in FY14E dividends, but yield still supportive at almost 5%. Catalysts include potential margin upside from enterprise business and lower handset subsidies.

Maintain BUY with target price lowered slightly to SGD4.98 on higher capex assumption for 2014E.
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