SINGAPORE (Nov 9): Barclays is maintaining its ‘underweight’ rating on Singapore's second-largest telco StarHub after the firm reports third quarter results.

The bank notes that StarHub's bottom line was boosted by a one-off disposal, while broadband revenue declines are bottoming out and Pay TV is “resilient”.

However, StarHub is "a rich valuation case," Barclays says, leaving its target price of $3.50 unchanged.

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