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StarHub’s unsurprising 1Q results continue to forebode challenges ahead

Michelle Zhu
Michelle Zhu5/4/2017 11:25 AM GMT+08  • 2 min read
StarHub’s unsurprising 1Q results continue to forebode challenges ahead
SINGAPORE (May 4): OCBC Investment Research and UOB Kay Hian are maintaining their “sell” and “hold” recommendations on StarHub at a respective target price of $2.40 and $2.98.
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SINGAPORE (May 4): OCBC Investment Research and UOB Kay Hian are maintaining their “sell” and “hold” recommendations on StarHub at a respective target price of $2.40 and $2.98.

This despite 1Q17 earnings coming in line with expectations from both houses.

To recap, StarHub on Wednesday reported $73.1 million in earnings for the 1Q ended March, representing a 21.3% decline from its earnings a year ago in spite of seeing a 0.2% growth in revenue to $592.3 million.

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