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Starhub is finally bringing in the iphone
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_C34114A510DB203448257666003E6E45/$file/MS-IPHONE.pdf?openelement
StarHub: Buy (RBS, 6 Nov)
StarHub has been de-rated after it lost the broadcast rights for the English Premiere League (EPL) and ESPN content from mid-FY10. We believe this de-rating has been overdone. Based on our sensitivity analysis, the loss of EPL/ESPN content should reduce earnings by 5-6%. There is the risk that subscriber migration to SingTel's IPTV service might lower StarHub's pay TV and possibly its broadband revenue contributions, but we believe this will be softened by the removal of significant costs attached to EPL/ESPN, which we estimate are north of 20% of the group's annual pay-TV revenue. We believe it is possible that SingTel's acquisition of EPL/ESPN leads to pay TV market expansion on dual subscriptions. SingTel's non-sports offers remain inferior to those of StarHub, which has locked in its content through long-term contracts. We may see some migration of StarHub customers who signed up purely for sports, but we believe that majority of sports subscribers will remain with StarHub and opt for a second pay TV subscription with IPTV. This might lead to a lower blended average revenue per user (ARPU) for StarHub, but this should be offset by reduced content cost and lower churn. If the dual-subscription scenario proves to be true, we could see upside to our earnings estimates on more limited revenue slippage. We upgrade StarHub from Hold to Buy, as the share-price correction has uncovered value, in our view. The stock is trading at a 23-25% discount to its historical PE and EV/EBITDA averages. Dividend yields remains attractive at 9%. Our forecasts and our DCF-based target price of S$2.15 are unchanged. With consensus FY11F EPS trending down by just 5% since the loss of EPL/ESPN, we believe the three-month price correction of 16% is overdone.
So you have been thinking big boys only play bigly?
They can also play small-small, thus low volume ... hehehe...
it looks more like big players feeding small fishes like us eating little by little until no strength, it may go further down. :(
i do hope i am wrong also.
I had to hold it as long term investment in my portfolio as my avg cost is $2.1 for starhub.
so is the probability of going down from 189 higher than going up from 189? i think up has a higher chance...
closed 189 for 8 days already...
| 10/26/09 |
1.93 |
1.93 |
1.91 |
1.91 |
| 10/27/09 |
1.9 |
1.91 |
1.88 |
1.89 |
| 10/28/09 |
1.89 |
1.91 |
1.88 |
1.89 |
| 10/29/09 |
1.88 |
1.9 |
1.88 |
1.89 |
| 10/30/09 |
1.89 |
1.9 |
1.88 |
1.89 |
| 11/02/09 |
1.88 |
1.9 |
1.87 |
1.89 |
| 11/03/09 |
1.89 |
1.9 |
1.88 |
1.89 |
| 11/04/09 |
1.9 |
1.91 |
1.88 |
1.89 |
| 11/05/09 |
1.89 |
1.89 |
1.87 |
1.89 |
| 11/06/09 |
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wah..looks like holding well ard 1.90 region siah..waiting for 10-Nov result har ? :P
sellers gaining momentum, faith slowing weaken
Singtel is working hard to keep up to its promise. But you look at its MIO TV and Internet Connectivity - they are found wanting.
xingge ( Date: 04-Nov-2009 09:26) Posted:
Not sure if Singtel cannot wire up in time. Just one day after the announcement of securing the EPL, I found singtel workers installing cables at my condo and completed in 2 days.
tonylim ( Date: 03-Nov-2009 19:34) Posted:
| Tough challenge for Singtel to wire up the remaining household within 10 months. See no reason not to accept Starhub's offer (free) other than saving its own face. Moreover, if Singtel refuses to accept, it will anger quite a number of subscribers and this is poor PR and lack of social responsibility on Singtel |
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Not sure if Singtel cannot wire up in time. Just one day after the announcement of securing the EPL, I found singtel workers installing cables at my condo and completed in 2 days.
tonylim ( Date: 03-Nov-2009 19:34) Posted:
Tough challenge for Singtel to wire up the remaining household within 10 months. See no reason not to accept Starhub's offer (free) other than saving its own face. Moreover, if Singtel refuses to accept, it will anger quite a number of subscribers and this is poor PR and lack of social responsibility on Singtel.
ktchua ( Date: 03-Nov-2009 18:10) Posted:
| Currently Singtel has not wire up all the household for Mio TV and they might be forced by regulator to tap on Starhub CableTV to reach out to these household. |
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authority will step in to pressurize st
Tough challenge for Singtel to wire up the remaining household within 10 months. See no reason not to accept Starhub's offer (free) other than saving its own face. Moreover, if Singtel refuses to accept, it will anger quite a number of subscribers and this is poor PR and lack of social responsibility on Singtel.
ktchua ( Date: 03-Nov-2009 18:10) Posted:
| Currently Singtel has not wire up all the household for Mio TV and they might be forced by regulator to tap on Starhub CableTV to reach out to these household. |
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Currently Singtel has not wire up all the household for Mio TV and they might be forced by regulator to tap on Starhub CableTV to reach out to these household.
still waiting for the great sale...
st may not agree if there is nothing gain
Now with the proposed pay tv through Starhub box, Singtel is in a fix. Should be a positive move by Starhub to retain subscribers.
iPunter ( Date: 03-Nov-2009 09:03) Posted:
To simplify all confusion, goodly to look at it this way...
"XD" day means exactly "XD day", whether you are buying or selling... hehehe...
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Multiple Time-Frame Technical Analysis (Can You Afford To Trade Without It?)
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isn"t it those who bought during *CD* date and HOLD till it turned *XD* would entitled to the dividend.
However, those bought when it turned *XD* won"t be entitled to the dividend.
Noted thks alot bro
Integrity ( Date: 02-Nov-2009 23:36) Posted:
To prevent confuse, as long you are holding the shares before XD date, you will be entitle for the dividends.
Integrity ( Date: 02-Nov-2009 23:33) Posted:
| Yes, you will still be able to get the dividend during CD period but not on the XD date |
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To prevent confuse, as long you are holding the shares before XD date, you will be entitle for the dividends.
Integrity ( Date: 02-Nov-2009 23:33) Posted:
Yes, you will still be able to get the dividend during CD period but not on the XD date.
ly1968 ( Date: 02-Nov-2009 23:24) Posted:
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