Thanks for Kim Eng report. Today starhub really go CRAZY hitting $3.75!!! INCREDIBLE !!!!
Sold mine too early, miss the extra profits sigh...
sgnewbie ( Date: 11-Jul-2012 09:19) Posted:
|
Been like that for some time already.
Flyordie ( Date: 10-Jul-2012 11:31) Posted:
| Starhub share price is greater than Singtel !! |
|
yeah! even i agree with Super.White.
STARHUB is not at responding good!!
1419242 ( Date: 10-Jul-2012 12:11) Posted:
enlighten me?
Super.White ( Date: 10-Jul-2012 11:22) Posted:
Customer service from StarHub is still very bad. Need a lot of improvement.
|
|
|
|
...continued from the article below...
Record High
StarHub shares rose 0.9 percent today, closing at record high of S$3.52 while the benchmark Straits Times Index dropped 1.7 percent. StarHub extended the gains this year to 21 percent, outpacing bigger competitor SingTel’s 7.1 percent advance and smaller competitor M1 Ltd. (M1)’s 1.2 percent increase. StarHub rose 11 percent last year and 22 percent in 2010.
Trading at 18 times its estimated earnings, StarHub is the most expensive phone company in the city-state. The company offers investors a dividend yield of about 5.7 percent, better than the 3.7 percent average for the 30 companies on the Straits Times Index.
“Definitely it’s the most expensive phone carrier in Singapore, but I’ve had a buy rating for so long because I was looking at its capacity to pay more dividend,” said Maybank Kim Eng’s Yap. Five of 23 analysts tracking StarHub have a buy rating on the stock, with 15 recommending investors hold, and the rest with a sell rating.
The next generation of wireless networks use a standard called long-term evolution, or LTE, which offers higher up- and download speeds and latency, or response time, that’s three times quicker on average than previous technology.
Smartphone Users
About 65 percent of the existing post-paid mobile-phone users in Singapore, and as many as 90 percent of new subscribers, are smartphone users, according to DBS Vickers Securities Pte, a local brokerage. Post-paid customers have a contract with the company and pay their bills after usage.
Almost 95 percent of StarHub’s new customers are buying smartphones, devices that can be used to surf the web, play and record high-quality movies and photographs and create documents. About 80 percent of the company’s 1.1 million post-paid customers are already using smartphones, according to Jeannie Ong, a company spokeswoman, adding she has no details on Apple’s plan to introduce a 4G-enabled iPhone.
In addition to handsets, usage of tablets such as Apple’s iPad and Samsung’s Galaxy Tab are boosting the need for capacity as people increasingly watch streaming video wirelessly.
Singapore Telecommunications, also known as SingTel, last month unveiled its 4G services in the country, offering the network through three handsets: HTC Corp. (2498)’s One XL, LG Electronics Inc. (066570)’s Optimus LTE and Samsung’s Galaxy S2 LTE, it said in a June 4 statement.
‘Game Changer’
StarHub’s corporate-data services are available in about 1,100 office buildings in the business district, where the company has built its own fiber-optic network. The new broadband platform will allow the operator to get new clients in 20,000 commercial buildings across the island. Potential revenue from these is about S$1 billion ($786 million), Montefiore said.
“It’s a game changer,” said Montefiore, 59. “The rollout of the next generation broadband network to more buildings will give us access to a market that’s still a monopoly.”
Most of StarHub’s corporate business comes from large companies and the new network will allow it to tap small and medium enterprises, Montefiore said.
“This is the most attractive pie for service providers,” Sachin Mittal, an analyst at DBS Vickers, wrote in a note to clients on July 4. “Each commercial connection commands much higher average revenue per user than residential connections.”
35-Year Veteran
A veteran with more than 35 years of experience in the telecommunications industry, Montefiore joined StarHub in January 2010 as its CEO. Before that he was the head of M1, the country’s No. 3 phone operator. Montefiore is a permanent resident of Singapore, according to the company’s website, and has lived in the city for 16 years.
Singapore phone companies have been offering 12-gigabyte mobile-data subscriptions for S$10 to S$15 per month and this has cannibalized their voice and text-messaging revenue, DBS Vickers said.
Besides the corporate data services business, Montefiore said he is optimistic mobile revenue will continue to grow by bringing the company’s pay television content to handsets and other devices. He may also introduce so-called tiered pricing for wireless data, where customers pay for usage based on actual consumption.
“We just need to get the revenue-growth tied to the data usage,” Montefiore said.
To contact the reporter on this story: Jonathan Burgos in Singapore at jburgos4@bloomberg.net
To contact the editor responsible for this story: Nick Gentle at ngentle2@bloomberg.net
By Jonathan Burgos - Jul 9, 2012 5:28 PM GMT+0800
StarHub Ltd. (STH), Singapore’s second- largest phone company, will roll out a faster network at key business centers as more people use smartphones such as Apple Inc. (AAPL)’s iPhone to browse the Internet and watch videos.
Users will be able to get on the fourth-generation network in the central business district, where major banks have offices, and Changi Airport later this year as handset makers start unveiling 4G handsets, Chief Executive Officer Neil Montefiore said in a July 6 interview. The cost to roll out throughout Singapore in two years will be “marginal,” supporting the company’s “stable” profitability, he said.
Feb. 3 (Bloomberg) -- Neil Montefiore, chief executive officer of StarHub Ltd., talks about financial results and the business outlook for Singapore’s second-largest phone company. Montefiore speaks with Susan Li on Bloomberg Television's " First Up." (Source: Bloomberg)
StarHub, competing with Singapore Telecommunications Ltd. (ST) for mobile-phone and pay-TV customers in the city-state, will also use a new fiber-optic grid to get clients in commercial buildings in the suburbs, Montefiore said. Smartphones such as the iPhone and Samsung Electronics Co. (005930)’s Galaxy models, used to access social media and stream videos, have increased demand for capacity and prompted carriers across Asia to upgrade networks.
“The rollout of 4G network will enable StarHub to cross- sell its content,” said Gregory Yap, an analyst at Maybank Kim Eng Securities Pte, who rates the company a buy. “Mobile will continue to provide steady cash flow.”
Apologies, I repost the earlier report by DMG here.....
Starhub: Maintain NEUTRAL
DMG & Partners
We hosted Starhub at our recent Asean Conference in Singapore where the telco
recorded a good number of meeting requests. Discussions were centered on the
upcoming bid for the 2013-2016 broadcasting rights to the BPL, capital management
and data monetization efforts. There were no major surprises with management
reiterating the need to maintain sufficient cash buffer in view of the uncertain industry
dynamics. Starhub’s share price has re-rated on yield attraction but we think further
upside may be capped by concerns over margin dilution from the BPL and steep
device subsidies. We remain NEUTRAL on the stock but up our FV to SGD3.30 from
SGD2.80 after lowering our Weighted Ave Cost of Capital.
Post Reply
101-120 of 1259
