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Hold the call on StarHub as it finds a stronger connection to recovery

Samantha Chiew
Samantha Chiew2/22/2021 12:4 PM GMT+08  • 5 min read
Hold the call on StarHub as it finds a stronger connection to recovery
Hold the call on StarHub as it finds a stronger connection to recovery
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Analysts are generally “neutral” on StarHub, with most keeping their “hold” calls on the stocks following its latest FY2020 ended December results announcement, which saw earnings drop some 15.2% y-o-y to $157.9 million and total revenue falling some 13.0% y-o-y to $2.02 billion.

Comparing the results for the quarter, 4QFY2020 earnings was 3.5% higher y-o-y than the previous year, with revenue just a slight 4.8% y-o-y lower at $579.5 million.

According to the group’s new CEO Nikhil Eapen, the drop in revenue was due to the Covid-19 pandemic.

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