StarHub Limited

RHB Group Research’s Singapore research team has kept its “neutral” recommendation on StarHub with an unchanged target price of $1.38, as it expects the telco’s earnings to remain “under pressure”.

StarHub has posted earnings of $36.1 million for the 4QFY2020 ended December, 3.5% higher than earnings of $34.9 million in the corresponding period the year before.

StarHub has unveiled its deals for Mobile+, TV+ and Fibre Broadband, which is available for new and existing customers to enjoy up to two years of access to Disney+.

StarHub has priced $200 million notes under its $2 billion Multicurrency Debt Issuance Programme due 2031.

StarHub and Malaysian telco U Mobile announced on Oct 5 that they have successfully completed a multi-party roaming video conference call over 5G standalone technology.

StarHub’s subsidiary Malaren International has entered into a RM270 million ($88.8 million) sustainability-linked term loan facility agreement with CIMB Bank Berhad on September 17.

UOB Kay Hian analysts Chong Lee Len and Chloe Tan have upgraded telecommunications company StarHub to “buy” due to recovery trends in 2H20.

From August 18, StarHub customers on the telco’s new Mobile+ or Biz+ mobile plans will be the first in Singapore to experience the new 5G network.

StarHub reported earnings of $37.3 million for the 2Q20 ended June, down 5.6% from the $39.5 million posted a year ago.

(June 25): Singapore’s communication minister said the government never excluded any company from being vendors for the nationwide rollout of high-speed 5G technology, and is satisfied with the out