Barclays is maintaining its ‘underweight’ rating on Singapore's second-largest telco StarHub after the firm reports third quarter results.
The bank notes that StarHub's bottom line was boosted by a one-off disposal, while broadband revenue declines are bottoming out and Pay TV is “resilient”.
However, StarHub is "a rich valuation case," Barclays says, leaving its target price of $3.50 unchanged.
StarHub is trading 0.5% lower at $3.65.
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The bank notes that StarHub's bottom line was boosted by a one-off disposal, while broadband revenue declines are bottoming out and Pay TV is “resilient”.
However, StarHub is "a rich valuation case," Barclays says, leaving its target price of $3.50 unchanged.
StarHub is trading 0.5% lower at $3.65.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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