Home Capital Broker's Calls

Starhub expected to shine brighter amid strategic transformation review

Samantha Chiew
Samantha Chiew10/4/2018 12:14 PM GMT+08  • 3 min read
Starhub expected to shine brighter amid strategic transformation review
SINGAPORE (Oct 4): Analysts are staying positive on StarHub, after the telco yesterday announced a strategic transformation review, which will include the laying off about 300 of its full-time staff.
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 (Oct 4): Analysts are staying positive on StarHub, after the telco yesterday announced a strategic transformation review, which will include the laying off about 300 of its full-time staff.

Following the announcement, DBS Group Research has upgraded Starhub to “buy”, from “hold” previously. The brokerage has also increased StarHub’s target price to $2.45, from $1.42 previously.

Similarly, CGS-CIMB Research has upped its target price for StarHub by 15 cents to $2.00, and reiterates its “add” recommendation on the telco.

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.