StarHub acquisitions not enough to offset declining service revenue: CIMB

SINGAPORE (Jan 17): CIMB is maintaining its “hold” call on StarHub with a higher target price of $2.80 compared to $2.30 previously, while continuing to expect EBITDA and core earnings per share (EPS) to fall 12% and 36%, respectively, over FY16-20.

This comes despite a positive outlook on the growth of StarHub’s fixed network services (FNS) businesses, which the research house expects will be accelerated by the group’s recent acquisition of Accel Systems & Technologies and the proposed purchased of D’Crypt.

StarHub acquires cryptographic and digital security firm D’Crypt for $122 mil

SINGAPORE (Dec 15): StarHub has entered into an agreement to acquire D’Crypt for up to $122 million.

Led by Dr Antony Ng, D’Crypt provides leading-edge cryptographic technology for high security applications, systems and products.

StarHub says the proposed acquisition will enhance its solutions in areas such as cryptographic and digital security, secure info-communications technologies (ICT) and Internet of Things (IoT), areas vital to Singapore’s Smart Nation platform.

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