Starhub
01 Apr 2019
SINGAPORE (Apr 1): Maybank Kim Eng Research remains “neutral” on the Singapore telco sector amid uncertainty over the implication for competition in the industry with M1’s imminent de-listing.
The research house believes StarHub provides the best value and Netlink NBN Trust offers insulation from uncertainty in the wireless segment.
Maybank has “buy” calls on both StarHub and ...
15 Mar 2019
SINGAPORE (Mar 15): OCBC Investment Research is maintaining “neutral” on Singapore’s telco sector in the wake of the 4QCY18 reporting season, which saw StarHub and M1 results come in within expectations, while that of Singtel’s was slightly under.
Nonetheless, the research house continues to favour Singtel and NetLink NBN Trust with a “buy” rating for both and the respective fair ...
SINGAPORE (Feb 18): Huawei Technologies Co and the 5G, or fifth-generation, mobile network has been grabbing headlines. US secretary of state Mike Pompeo is reported to have warned European countries that using technology from Huawei could harm their relationship with the US. In Singapore, M1 and Huawei have been in 5G trials together. If M1 is privatised, the spotlight is likely to fall on ...
15 Feb 2019
SINGAPORE (Feb 15): The Straits Times Index moved above its 200-day moving average at 3,223 on Feb 15. The earlier break above 3,190 indicates a target for 3,420. In the near term, resistance appears at 3,308. Support and the fail safe level is at 3.190 below which the upside is no longer valid. Volume moved up modestly and could be insufficient to sustain a protracted rally.
Still the 50- ...
14 Feb 2019
SINGAPORE (Feb 14): StarHub reported a 61.8% drop in 4Q18 earnings to $19.8 million from $51.8 million in 4Q17.
This brings FY18 earnings to $201.5 million, 26.2% lower than $273.0 million in FY17.
As of FY19, the group says it intends to adopt a new variable dividend policy and pay-out at least 80% of net profit attributable to shareholders, adjusted for one off, ...
07 Feb 2019
SINGAPORE (Feb 7): Maybank Kim Eng is keeping “neutral” on Singapore’s telco sector on the belief that incumbent telcos have an edge in terms of subscriber in retention amid a “proliferation of new MVNOs (mobile virtual network operators)” as well as new mobile network operator TPG Telecom.
This comes post the research house’s survey of 150 telcos subscribers, out of which 81% said ...
SINGAPORE (Jan 2): UOB Kay Hian has downgraded its view on Singapore’s telco sector to “market weight” from “overweight” in anticipation of intense competition from TPG Telecom.
The move comes as the fourth mobile entrant launched its trial service in Dec 2018 at “mind-blowing pricing” which incumbents would eventually be forced to match, in the research house’s view.
To ...
SINGAPORE (Dec 31): Maybank Kim Eng is keeping a “neutral” rating on the local telco sector as the new year is shaping up to be a trying one for the wireless sector with the upcoming launch of TPG, which teases with unlimited data plans, while StarHub and Circles.Life are aggressively launching SIM-only plans.
TPG’s delayed commercial launch has provided a reprieve for the industry, but ...
SINGAPORE (Dec 20): DBS has an “overweight” rating on Singapore’s Telco stocks as TPG’s abysmal capex so far implies room for positive surprise in 2019.
TPG has so far spent A$66.7 million ($65.7 million) in cumulative capex on its Singapore roll-out, about 22-32% of its planned S$200-300 million of capex.
In a market focus report, analyst Sachin Mittal says, “At the current level ...
SINGAPORE (Nov 29): Although the year is drawing to an end, TPG has yet to announce its commercial launch this year. This is despite TPG saying in September that it was on track to meet its outdoor-coverage milestones set by IMDA.
In the short term, this delay might be good for the local telcos, as it gives them more time to prepare for the competition and re-contract subscribers to new ...