telecommunications

Global Economy

China warns about 'unwavering resolve' to fight 'US bullying'

BRUSSELS (May 21): China could retaliate against the US after President Donald Trump blacklisted Huawei Technologies Co., the Chinese ambassador to the European Union said.

Results

SingTel ends FY19 with 44% lower earnings of $3.1 bil; proposes 10.7 cents final dividend

SINGAPORE (May 15): Singapore Telecommunications (SingTel) posted $773 million in earnings for the 4Q19 ended March, down $7.7 million or 1% y-o-y compared to 4Q18 earnings of $769.6 million after

Results

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. 

Broker's Calls

Why Singtel, NetLink NBN Trust remain OCBC's top 'buy' picks in a cut-throat telco scene

SINGAPORE (Mar 15): OCBC Investment Research is maintaining “neutral” on Singapore’s telco sector in the wake of the 4QCY18 reporting season, which saw

Joint ventures and alliances

Singtel names AT&T a new founding member of Global Telco Security Alliance

SINGAPORE (Mar 6): American telco conglomerate AT&T has joined the Global Telco Security Alliance – which was launched in April 2018 by four telecommunications operators around the world includ

Broker's Calls

Local telcos to face full effects of competition from TPG by mid-2019, says UOB

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.

Results

Singtel's 2Q earnings lower at $667 mil on absence of one-off gain

SINGAPORE (Nov 8): Singtel announced earnings of $667.2 million for 2Q19, down from its restated earnings of $2.85 bil in 2Q18, where a $2.05 billion exceptional gain was booked on the partial dive

Sector Focus

StarHub to lay off 300 employees as telco commences strategic review

SINGAPORE (Oct 3): StarHub is embarking on a strategic transformation review that will include laying off an estimated 300 of its full-time staff, primarily those in non-customer facing functions,

Broker's Calls

Cybersecurity merger positive for StarHub but will take time to manifest, say analysts

SINGAPORE (Sept 6): DBS and RHB are maintaining their “hold” and “neutral” calls on StarHub with the respective price targets of $1.42 and $1.78, while CGS-CIMB Research’s “add” call remains unchan

Broker's Calls

StarHub fails to leave analysts star-struck after a dismal 1Q

SINGAPORE (May 4): Maybank Kim Eng and OCBC Investment Research UOB Kay Hian are maintaining their “hold” calls on StarHub with an unchanged price target and fair value estimate of $2.27 and $2.20,

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