SINGAPORE (Aug 3): RHB, CIMB and DBS are reiterating their “neutral”, “reduce” and “fully valued” calls on StarHub, respectively, after the telco on Wednesday reported 2Q17 earnings of $85.7 million, 21% down from that of the previous year and largely in line with the expectations of all three research houses.
See: StarHub posts 21% drop in 2Q earnings to $85.7 mil
In a Thursday report, RHB maintains its price target estimate at $2.70 on a lack of catalysts amid broader industry concerns over competition and uncertainties brought about by TPG Telecom, which is slated to roll out its service as Singapore’s fourth mobile entrant in 2018.
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