DBS Group Research is keeping its “buy” recommendation on StarHub with an increased target price of $1.60 from $1.44 previously.

In an Oct 27 report, analyst Sachin Mittal likes the stock for its three engines of sustainable growth.

According to Mittal, StarHub offers 10% annual earnings growth over FY2021 to FY2023 led by recovery from the pandemic in FY2022, reversing five years of decline from mobile services; sustained growth in fixed broadband business as consumers shift to higher speed plans while content costs for TV business are reigned in; and growth of cybersecurity & regional ICT services.


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