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StarHub stuck in the storm as weak trends persist

Jude Chan
Jude Chan5/5/2017 04:34 PM GMT+08  • 2 min read
StarHub stuck in the storm as weak trends persist
SINGAPORE (May 5): CIMB is keeping its “reduce” call on StarHub and lowering its target price to $2.45, from $2.60 previously.
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SINGAPORE (May 5): CIMB is keeping its “reduce” call on StarHub and lowering its target price to $2.45, from $2.60 previously.

As expected, StarHub saw earnings for the first quarter ended March fall 21.3% to $73.1 million, from $92.8 million a year ago, on the back of higher operating expenses and lower other income.

StarHub declared an interim dividend of 4 cents per share for 1Q17, lower than the interim dividend of 5 cents per share a year ago.

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