Pay TV

StarHub's 1Q earnings fall 14.9% to $61.5 mil on lower sales
SINGAPORE (May 3): StarHub reported a 14.9% decline in 1Q18 earnings to $61.5 million from $72.3 million a year ago on lower sales. The telco was expected to reported earnings of $69.5 million, according to Thomson Reuters. Total revenue for the quarter fell 4.7% to $561 million from $588.7 million in 1Q17. This came on the back of 7.1% and 10% revenue declines in the Mobile and Pay TV ...
StarHub’s unsurprising 1Q results continue to forebode challenges ahead
SINGAPORE (May 4): OCBC Investment Research and UOB Kay Hian are maintaining their “sell” and “hold” recommendations on StarHub at a respective target price of $2.40 and $2.98. This despite 1Q17 earnings coming in line with expectations from both houses. To recap, StarHub on Wednesday reported $73.1 million in earnings for the 1Q ended March, representing a 21.3% decline from its ...
StarHub posts 21% decline in 1Q earnings to $73 mil on higher expenses, lower other income
SINGAPORE (May 3): StarHub reported $73.1 million in earnings for the 1Q ended March, 21.3% lower as compared to $92.8 million reported the year before on the back of higher operating expenses and lower other income. Revenue for the quarter grew 0.2% on-year to $592.3 million from $590.9 million in the previous year. Broadband service recorded higher revenue at $54 million during the ...
StarHub says no intention of merging with M1
SINGAPORE (March 31): Maybank Kim Eng Research continues to rate StarHub at “sell” at an unchanged price target of $2.49, foreseeing turbulent times ahead for the local telco despite it announcing a game plan to manage recent changes in the industry. In a report on Thursday, analyst Gregory Yap recalls how StarHub’s management expects the group’s EBITDA margin to fall to 26-28% this ...
StarHub’s 3Q earnings drop 27.6% to $86 mil from lower mobile services revenue, decline in non-operating income
SINGAPORE (Nov 2): StarHub reported a 27.6% fall in earnings to $86 million in 3Q from a year ago. This came on the back of a 3% fall in revenue to $585.3 million due to lower revenue from mobile services and sale of equipment and a decline in non-operating income. The company had reported non-operating income of $15 million on fair-value gains last year, which was absent this ...