StarHub Limited

StarHub reports 14.2% lower 1Q earnings of $54 mil due to higher expenses

SINGAPORE (May 3): StarHub reported earnings of $54 million for the 1Q ended March, 14.2% lower compared to a year ago due to higher operating expenses. 

Revenue grew 6% to $597 million from a year ago 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.

Poor segment performance & competition still a drag on StarHub's earnings, say analysts

SINGAPORE (Feb 18): RHB Research and UOB Kay Hian are maintaining their “neutral” and “sell” calls on StarHub with target prices of $2.02 and $1.45, respectively.

Meanwhile, Phillip Capital has downgraded its rating on StarHub to “neutral” from “accumulate” with a lower target price of $1.58 compared to $1.88 previously.

This comes after the telco concluded FY18 with 26.2% lower earnings of $201.5 million and announced a final dividend of 4 cents.  

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