Singapore Stock Market News

StarHub - Still a Weak Twinkle

StockFanatic
Publish date: Wed, 27 Jun 2018, 04:24 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.
Maintain NEUTRAL with lower DCF-derived TP of SGD1.90 (WACC: 7.5%, TG: 1.5%) from SGD2.50, 10% upside and backed by >9% dividend yield in 2018F. We cut our FY18F-20F core earnings by 8-16%, factoring in weaker pay-TV revenues, higher ARPU dilution from MVNO aggression/take-up of SIM-only plans, and weaker EBITDA margin as a whole. StarHub is the worst performing telco on the FSSTI, down 39% YTD on concerns over mobile competition, with valuations at -2SD below historical EV/EBITDA mean. Prefer Singtel (ST SP, BUY, TP: SGD4.05) for sector exposure.
Related Stocks
Market Buzz
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment