StarHub - DBS Research 2024-04-22: Potential Ensign Spin-Off Could Boost Share Price By 20%-30%

StarHub - Potential Ensign Spin-Off Could Boost Share Price By 20%-30%

Published:
StarHub (SGX:CC3) | SGinvestors.ioStarHub (SGX:CC3)
  • - Read this at SGinvestors.io -
  • Deep dive into cybersecurity

    • In Sep 2018, StarHub, in a joint venture (JV) with Temasek, launched Ensign, a managed security service provider supporting government agencies and enterprises across the Asia Pacific (APAC) region. The business has grown by over 30% till FY23.
    • - Read this at SGinvestors.io -
    • A key pillar of StarHub’s DARE+ programme has been to offer converged solutions in the areas of cloud, cybersecurity, and connectivity (3C). Ensign remains pivotal for StarHub and its DARE+ programme, and its platform-based offering is scalable across the region. StarHub retained the assigned rights on Ensign for an additional two years, with the automatic termination date being fixed for 4 Oct 2025.

    Ensign InfoSecurity is the largest end-to-end pure-play cybersecurity service company in APAC.

    • Read more at SGinvestors.io.




    Above is the excerpt from report by DBS Group Research.
    Clients of DBS may access the full report in PDF @ https://www.dbs.com/insightsdirect/.




    Sachin MITTAL DBS Group Research | https://www.dbs.com/insightsdirect/ 2024-04-22



    Previous report by DBS:
    2023-11-09 StarHub - Pleasant Surprise From Lower Transformation Costs.

    Price targets by 2 other brokers at StarHub Target Prices.

    Listing of research reports at StarHub Analyst Reports.

    Relevant links:
    StarHub Share Price History,
    StarHub Announcements,
    StarHub Dividends & Corporate Actions,
    StarHub News Articles





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