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Analysts keep neutral on StarHub as they wait for growth

Samantha Chiew
Samantha Chiew2/14/2022 03:13 PM GMT+08  • 5 min read
Analysts keep neutral on StarHub as they wait for growth
Analysts are holding on to StarHub as they wait for growth.
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Analysts have largely kept their "neutral" calls on StarHub following its FY2021 earnings that dipped slightly, but with positive guidance for the current FY and next.

On Feb 11, the telco reported earnings of $149.3 million for the year ended Dec 31 2021, down 5.5% y-o-y, as it booked lower government subsidies. Excluding the payouts meant to help Singapore based companies cope with the pandemic, StarHub would have reported earnings of $148.3 million, up 17% y-o-y.

FY2021 revenue was largely unchanged at 0.7% higher y-o-y to $2.04 billion, mainly due to higher contributions from broadband and enterprise business, partially offset by lower revenues from mobile, entertainment and sales of equipment.

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