SINGAPORE (Nov 11): OCBC is keeping its “hold” call on StarHub with $3.91 fair value on a stable outlook.

To recap, StarHub reported 3Q revenue rising 1.9% y-o-y to $603.1 million, just 0.5% above its forecast, while EBITDA grew 4.3% to $199.1 million, 3.7% above its estimate, as service EBITDA margin further improved to 35.7% from 34.0% a year ago.

9M core NPAT of $276.5 million though flat, and would have met 74.9% of OCBC’s full-year estimate.

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