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A bit sideways these days.
Upcoming dividend payout will provide some impetus for the price to rally up hopefully past 2.80.
Today's high 2.67 not bad at all.
Upz!!
Hope it can close above 2.65 this week to signal uptrend.
I loaded a few at 2.60.
Even if it doesn't chiong up, dividend play is at > 7%. Safe buy during these uncertain times.
you are right on spot.
starhub is currently better buy than singtel. singtel might be breaking its 2.85 soon. while starhub is looking over 2.70.
catalyst ( Date: 18-Mar-2011 00:30) Posted:
Starhub is weathering though this storm well.
Dividend announcement soon.
Lai lai load up ah!! |
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Starhub is weathering though this storm well.
Dividend announcement soon.
Lai lai load up ah!!
| Record Date * | 21-04-2011 |
| Record Time * | 17:00 |
| Date Paid/Payable (if applicable) | 06-05-2011 |
| Footnotes | Notice is hereby given that, subject to the approval of the shareholders of the final dividend at the Thirteenth Annual General Meeting, the Register of Members and the Transfer Books of the Company will be closed on 25 April 2011 (" Books Closure Date" ).
Duly completed registrable transfers received by the Company's share registrar, M & C Services Private Limited, 138 Robinson Road, #17-00, The Corporate Office, Singapore 068906 up to the close of business at 5.00 p.m. on 21 April 2011 (" Entitlement Date" ) will be registered to determine members' entitlements to the final dividend. Subject as aforesaid, persons whose securities accounts with The Central Depository (Pte) Limited are credited with ordinary shares in the capital of the Company as at 5.00 p.m. on the Entitlement Date will be entitled to the final dividend.
The final dividend, if so approved by shareholders, will be paid on 6 May 2011. |
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CIMB
Starhub (STH SP S$2.61) – BUY
FY12P/E: 13.5x, P/BV: n.m
• The stock appears to be at its tail end of its consolidation triangle and a breakout to new highs
is the more likely outcome. Furthermore prices are now trading above its moving averages,
which is positive.
• Its MACD is rising albeit slowly and appears to be holding above the zero line while its RSI is
now above the 50-pts mark.
• A breakout above S$2.65 would be a signal that more upside is likely. Anything above S$2.68
would likely mean that prices could test S$2.82 next with a chance of testing S$2.90. Buy now
ahead of the breakout with a stop placed below S$2.54.
StarHub Limited operates integrated fixed and mobile telecommunications services. The Company
also offers Internet related services, provides mobile solutions and global managed network
solution services. StarHub provides services ranging from cable telecommunication in Singapore
and other region.
Starhub crossed MACD. Uptrend liao. last price 2.64
Nobody ?
I am looking for the XD too? Anyone knows ?
hi there, sorry to be so naive, does anyone when is the ex-dividend date? thnks
StarHub cut to Equalweight by Morgan Stanley
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| WRITTEN BY DOW JONES & CO, INC |
| MONDAY, 14 FEBRUARY 2011 13:55 |
Morgan Stanley downgrades StarHub (CC3.SG) to Equalweight from Overweight and raises its price target to $2.70 from $2.50 on rollover to 2011 estimates.
The house notes, “with the exception of an attractive yield of 7.6%,” it sees “limited positive stock drivers” and recommends adding to positions in SingTel (Z74.SG), which has lagged both StarHub and M1 (B2F.SG).
The price target has been increased due to 1%-2% upward revisions in revenue estimates for 2011-12. The house adds, it sees the rollout of the National Broadband Network and the government’s yet-to-be-finalized content cross-carriage decision as potential threats to StarHub’s current market share.
“Moreover, management has ruled out capital management for 2011, given several uncertainties in the business,” Morgan Stanley says.
StarHub down 0.4% to $2.60.
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StarHub: BUY (Upgrade from SELL) S$2.61
Healthy cost & capex trends
Price Target : 12-Month S$ 2.90 (Prev S$ 2.20)
By: Sachin MITTAL +65 6398 7950
· Traffic cost savings and lower “effective capex” in FY10 supported by
Government grant surprised us
· FY11F/12F earnings raised by 11%/13%, in line with guidance for 30%
service EBITDA margin
· 20 Scts DPS guidance maintained Government grant to continue to support
free cash flow in our view
· Upgrade to BUY for potential return of 18% to revised S$2.90 TP
FY11F/12F earnings raised 11%/13% on the back of cost savings. We were
surprised with StarHub’s > S$5m savings in traffic costs in 4Q10, which is
likely to be sustained in FY11F. Besides, FY10 included an estimated S$40m
cost for English Premier League (EPL) rights incurred in 1H10, which would
be absent in FY11F. We model 30% service EBITDA margins (as guided by
management) in FY11F versus 28% in FY10. Margins could exceed 30% indeed if
handset subsidies decline in FY11F.
Free cash flow likely to match dividend commitments in FY11F & beyond.
Government grant of S$60m in FY10 for the OpCo project was much higher than
our expectations. We assume S$40m Government grant in FY11F, although there
is no official word from StarHub. Management expects to start paying cash
tax from FY11F onwards, but commented that it may not be significant.
Beyond FY11F, in our view, Government grants may decline, and so should
capex from 12%-13% of revenue to ~10%, supporting 20 cents DPS
Upgrade to BUY for potential returns of 18%. Our revised DCF-based (WACC
7.6%, terminal growth 0%) S$2.90 TP offers ~10% potential upside in
addition to the attractive yield of ~8%. StarHub may trade at ~7% yield,
similar to M1.
Starhub: Results within consensus, 4Q10 rev at $559.0m, +1.6%yoy, +1.2%qoq. Net profit at $80.4m, +8.4%yoy, -1.6%qoq. EBITDA at $169.9m, +11.7%yoy, -2.5%qoq. Increases in mobile (+8%yoy) and fixed network (+4%yoy) services revenue compensated for decline in cable (-2%) and broadband rev.
Net adds if 1k to cable were a positive surprise but broadband growth (22k new subscribers) was driven by take up of lower price-plans resulting in a falling ARPU (-2.1%qoq).
Mobile rev was strong with 8% yoy growth. Capex set to increase for FY11 due to capex backlog and invt into undersea cable. Despite EPS of 4.69c this quarter and FY EPS of 15.34c, co has declared, as expected, dividend of 5c, 7.7% yield and expects to maintain the payout of 5c per quarter.
Deutsche maintains co as sector top pick Buy with TP$3.00 due to prospective yield of 8.0%. GS is negative, maintaining Sell with TP$2.30 due to rich valuations despite yield. Citi maintains Sell with TP$2.43.
Still has good potential. Bought.
StarHub Q4 net profit rises 8.4% yr/yr to $80.4m | WRITTEN BY THOMSON REUTERS |
| FRIDAY, 11 FEBRUARY 2011 18:16 |
StarHub (STAR.SI), Singapore’s second-biggest telecommunications firm, said on Friday its fourth quarter net profit rose 8.4% to $80.4 million from a year earlier, helped by higher revenue from mobile and fixed network services.
However, pay TV revenue decreased 11% year-on-year to $91.8 million, mainly because the firm lowered the pricing for its sports programmes.
Starhub lost the rights to broadcast English Premier League soccer last year to rival Singapore Telecommunications.
But while average revenue per pay TV subscriber fell in the last three months of 2010, subscriber numbers dipped only marginally to 538,000 from 539,000 at the end of 2009. StarHub said it expects group operating revenue for 2011 to grow in the single-digit range. |
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Why like this ah?
After market close still can buy. These are financial institutions issit? Some more buy at 5c higher than the last trading price? Computer trade one ah? Newbie here...very confused.....thx.
Starhub announce 5 cents dividend. Profitable 2010 .lower cable tv and broadband revenue. overall profitable.
Link
