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StarHub (SGX:CC3)'s results were below expectations. 1Q26 revenue/EBITDA were 22% and 20%, respectively, of our FY26e forecast. PATMI plunged 81% y-o-y to S$5.9mil in 1Q26. Weakness spread across all consumer segments, mobile, broadband and entertainment.
- - Read this at SGinvestors.io -
The Positive
(+) Jump in enterprise order book.
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The order book for regional enterprise jumped more than 50% y-o-y. Limited details on the size or value of the projects, except that they involve managed services and critical infrastructure with cybersecurity needs.
The Negative
(-) All segments are contracting faster.
- - Read this at SGinvestors.io -
Outlook
- Read more at SGinvestors.io.
Above is an excerpt from a report by Phillip Securities Research.
Clients of Phillip Capital may be the first to access the full PDF report @ https://www.stocksbnb.com/.
Paul Chew Phillip Securities Research | https://www.poems.com.sg/ 2026-05-11
Previous report by Phillip:
2026-02-16 StarHub - Parents Hong Bao For DARE++ Déjà Vu.
Price targets by 3 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
