- SG telcos’ EBITDA are holding up well on cost discipline. SingTel's share price and StarHub's share price are trading at +1 standard deviation of forward EV/EBITDA, supported by attractive dividend yields of 5-6%.
- - Read this at SGinvestors.io -
3Q24 recap.
- SingTel (SGX:Z74) and StarHub (SGX:CC3) saw in-line 1HFY25/9M24 results with core earnings up 6.1% and 9.5% y-o-y. Stand-outs for the quarter include:
- - Read this at SGinvestors.io -
- StarHub’s expanding mobile revenue market share (RMS), backed by a multi-market segmentation approach. Industry mobile revenue (Big-3 MNOs) fell 4% q-o-q (-5.1% year-to-date), based on our estimates, as competition on SIM-only plans remained stiff.
Singtel: EBIT recovery on track for low double-digit growth in FY25; ROIC projected to hit 10% in FY25
- Read more at SGinvestors.io.
Singapore Research RHB Securities Research | https://www.rhbgroup.com/ 2024-12-03
