Home Capital Broker's Calls

StarHub acquisitions not enough to offset declining service revenue: CIMB

Michelle Zhu
Michelle Zhu1/17/2018 10:22 AM GMT+08  • 2 min read
StarHub acquisitions not enough to offset declining service revenue: CIMB
SINGAPORE (Jan 17): CIMB is maintaining its “hold” call on StarHub with a higher target price of $2.80 compared to $2.30 previously, while continuing to expect EBITDA and core earnings per share (EPS) to fall 12% and 36%, respectively, over FY16-20.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (Jan 17): CIMB is maintaining its “hold” call on StarHub with a higher target price of $2.80 compared to $2.30 previously, while continuing to expect EBITDA and core earnings per share (EPS) to fall 12% and 36%, respectively, over FY16-20.

This comes despite a positive outlook on the growth of StarHub’s fixed network services (FNS) businesses, which the research house expects will be accelerated by the group’s recent acquisition of Accel Systems & Technologies and the proposed purchased of D’Crypt.


See: StarHub to acquire 51% stake in cyber security systems integrator for $19.4 mil

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now