SINGAPORE (Sept 16): The transport, storage and communications sector has seen quite a shake-up in the last year. Among the telcos, M1 delisted, even as new providers entered the market. Meanwhile, in the transport segment, taxi operators are still fighting off competition from ride-hailing services, Grab and Go-Jek.
SINGAPORE (Aug 26): StarHub has inked a memorandum of understanding with three internet service providers in China to enhance data connectivity and explore business opportunities between Singapore and Chongqing.
The agreement will see the Singapore telco work with China Mobile, China Unicorn and China Telecom to strengthen digital connectivity between Singapore and Chongqing and foster Singapore-China trade.
SINGAPORE (Aug 12): Amid the market volatility, investors are seeking refuge in safe-haven asset classes. Gold rallied above US$1,500 an ounce — the highest level since 2013, extending a 17% gain since the start of the year. Silver surged as well. “Turbulent geopolitical conditions along with shaky economic fundamentals have enacted sharp bearish pressures on risk assets while raising bullion appeal for the current term,” writes Phillip Futures analyst Benjamin Lu in his Aug 7 note.
SINGAPORE (Aug 7): StarHub’s 2Q19 earnings were hit by price erosion in the corporate renewals market as well as promotional discounts dished out to hasten the migration to fibre TV.
In 2Q19, the telco reported earnings of $39.5 million, down 36.1% from a year ago. This came on the back of total revenue at $552.8 million, down 7.4% from $597.3 million in 2Q18.
StarHub says the decline was primarily due to lower revenue contributions from its Mobile, Pay TV, and Broadband service segments as well as lower revenue from sales of equipment.
SINGAPORE (Aug 6): Starhub reported earnings of $39.5 million for the 2Q19 ended June, down 36.1% from $61.7 million the previous year.
Total revenue for the quarter came in at $552.8 million, down 7.4% from $597.3 million in 2Q18.
The decline was primarily due to lower revenue contributions from its Mobile, Pay TV, and Broadband service segments as well as lower revenue from sales of equipment.
SINGAPORE (June 26): TPG Telecom has fired another salvo in a bid to pry users away from incumbent telcos Singapore Telecommunications (SingTel), StarHub and M1.
From the middle of next month, TPG says it will offer its mobile users with free unlimited data roaming in Malaysia and Indonesia.
While roaming, users will also be able to make unlimited calls to Singapore mobile numbers and have up to 20 minutes for calls to Singapore fixed-line numbers. All incoming calls and SMS will be free.
SINGAPORE (June 3): Phillip Capital is maintaining an “overweight” rating on Singapore’s telecom sector, while expecting Mobile and Pay-TV revenues to be weak in 2019 and stabilise in 2020.
The research house’s top picks are Singtel and NetLink NBN Trust.
Phillip Capital likes Singtel for its recovering regional associates and has upgraded its call on Singtel to “buy” with a target price of $3.66.
SINGAPORE (May 27): The wireless fifth generation (5G) network has more to offer than just cellular communication for smartphones, and many telecommunication players are exploring what else it can enable, according to StarHub chief technology officer Chong Siew Loong.
“When 3GPP (the Third Generation Partnership Project) started working on defining the 5G network, one thing they were very clear about was that 5G cannot be serving smartphone devices only,” he tells The Edge in an interview at the Invest Asia 2019 conference in Singapore, which was organised by Maybank.
SINGAPORE (May 6): Consensus are mostly neutral on StarHub following its results announcement on May 3. The group posted a 14.2% y-o-y drop in its 1Q19 earnings, with revenue increasing 6% y-o-y to $597 million.
The revenue increase was mainly driven by strong segmental revenue contributions from network solutions (+9%) and cyber security services (+41%), which mitigated 5% and 12% lower service revenues from the mobile and Pay TV businesses, respectively.
SINGAPORE (May 4): The STI’s uptrend remains intact. However signs are emerging of fatigue. The index tested 3,400, a psychological resistance and retreated. In the meantime, short term stochastics has flattened along with 21-day RSI, setting the indicators up for forming a negative divergence between indicators and the index.
