StarHub - RHB Invest 2024-02-09: Pulling Ahead

• StarHub (SGX:CC3)’s results trumped estimates on lower-than-expected depreciation. While the bulk of its transformation investments will be booked by end-2024, uncertainties remain as to the realisation of benefits and cost savings.

FY23 ahead of expectations.

• - Read this at SGinvestors.io -
• A 6.7 cent full-year dividend is at the higher end of the official dividend payout ratio of 5 cents or 80% of PATAMI, whichever is higher. See StarHub's dividend dates.

Review of key segment metrics:

Mobile revenue flattish q-o-q; up 8% y-o-y in FY23.

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Broadband – leading revenue share.

• Read more at SGinvestors.io.

Above is an excerpt from a report by RHB Securities Research.
Clients of RHB may be the first to access the full PDF report @ https://www.rhbtradesmart.com/.

Read also RHB's most recent report:
2025-11-17 StarHub - In A State Of Flux; New Cost Downs.

Previous report by RHB:
2025-08-15 StarHub - Upping The Ante; Dialling Down EBITDA Guidance.

Price targets by other brokers at StarHub Target Prices.

Listing of research reports at StarHub Analyst Reports.

Relevant links:
StarHub Share Price History,
StarHub Announcements,
StarHub Dividend Payout Dates & Corporate Actions,
StarHub News