Telco StarHub has been steadily buying back shares in the fortnight after the telco reported its 3QFY2022 ended September earnings that drew mixed reactions from the market. The company generated higher revenue of $590.8 million in that period, up 14.2% y-o-y. However, earnings was down 32% y-o-y to...

AS macroeconomic factors weigh on companies, telcos have historically been seen as a relative safe haven – a way to generate stable returns in a more volatile market.

The most recent results of the two listed telcos showed that efforts by Singapore Telecommunications (Singtel) to transform itself have started to bear some fruit while the rival transformational plans of StarHub are still some distance away from completion.Over the last few years, the once-comforta...

AS macroeconomic factors weigh on companies, telcos have historically been seen as a relative safe haven – a way to generate stable returns in a more volatile market.

Local telco StarHub recorded a set of lacklustre 3QFY2022 ended September results, with earnings coming in 32% lower y-o-y at $27.4 million, despite revenue coming in 14.2% higher y-o-y at $590.8 million.Analysts have mixed sentiments on the stock with Maybank Securities remaining bullish and keepin...

ANALYSTS from CGS-CIMB, DBS Group Research and RHB have slashed their target prices for StarHub, citing higher expenditure on the back of the telco’s transformation plan, Dare+.

THE following companies saw new developments that may affect trading of their securities on Thursday (Nov 10):

THE following companies saw new developments that may affect trading of their securities on Thursday (Nov 10):

StarHub has reported revenue of $590.8 million for 3QFY2022 ended Sept 30, up 14.2% y-o-y, as the telco booked higher sales across its major business segments, including sales of equipment.However, earnings in the same period was down 32% y-o-y to $27.4 million.The telco attributes the earnings drop...

Spotify Price target: PhillipCapital ‘buy’ US$117.00 Pricing power drives growth PhillipCapital is initiating a “buy” recommendation on audio streaming platform Spotify with a target price of US$117.00 as analyst Jonathan Woo likes it for its growing base and pricing power that is expected ...

Citi Research analyst Arthur Pineda has upgraded his call on StarHub to “neutral” from “sell” previously after StarHub’s share price declined some 19% year-to-date (ytd).“Our target price remains unchanged at $1.16, with our upgrade driven by StarHub’s share price correction rather tha...

Maybank Securities is upgrading its call on local telco StarHub to “buy” from “hold” with an unchanged target price of $1.32, as analyst Kelvin Tan sees tailwinds for the group from the economy reopening.“Starhub remains on track with its Infinity Play and Super App strategies that will se...

MAYBANK Securities has upgraded its call on StarHub from “hold” to “buy”, as it expects the telecommunications company to benefit from the global economic recovery as the Chinese economy re-opens.

With effect from Sept 26, iFast Corp, IGG Inc, Olam Group and Yangzijiang Financial Holding will exit the iEdge-OCBC Singapore Low Carbon Select 50 Capped Index.While these four companies take their leave off the index, six companies have been included into the index, namely CapitaLand Investment, L...