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Starhub
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PiRPiR
Master |
17-May-2026 15:58
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https://www.theedgesingapore.com/news/kopi-c-company-brew/starhub-ceo-staying-dividend-course-through-headwinds-julian-wong
StarHub CEO on staying the dividend course through headwinds By Julian Wong Julian Wong of Beansprout Fri, May 15, 2026 ? 01:40 PM GMT+08 ? 7 min read |
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Alignment
Elite |
09-May-2026 15:10
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Q1 is Jan-March. The Ensign deal happened in April.
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Joelton
Supreme |
09-May-2026 09:46
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DBS, RHB stay cautious on StarHub after weak 1Q earnings as price competition bites DBS Group Research and RHB Bank are staying cautious on StarHub after the telco&rsquo s 1QFY2026 earnings missed expectations, with both research houses warning that price competition in mobile and broadband will continue to weigh on margins. For the three months ended March, StarHub&rsquo s net profit after tax (NPAT) attributable to shareholders fell 81.3% y-o-y to $5.9 million, while ebitda declined 22.5% y-o-y to $77.7 million. Service revenue fell 3.9% y-o-y to $445.7 million, due mainly to lower revenue from its consumer segments. DBS analyst Sachin Mittal says StarHub&rsquo s 1QFY2026 normalised earnings of $5.9 million came in below consensus expectations of $10.6 million, while service revenue was 4% below consensus expectations of $466.1 million. The miss was &ldquo mainly due to ebitda decline alongside higher depreciation and amortisation and higher net finance costs&rdquo , he writes in his May 7 note. Mittal maintains his &ldquo fully valued&rdquo call on StarHub with an unchanged target price of 94 cents. Meanwhile, RHB has kept its &ldquo sell&rdquo call with a lowered target price of 87 cents, from $1 previously, implying a downside of 13.9%. &ldquo We expect the earnings malaise to continue with price competition having intensified in recent weeks, while strategic cost management initiatives will take time to yield results,&rdquo says the research house. The pressure was most visible in StarHub&rsquo s consumer business. Mobile service revenue fell 10.9% y-o-y to $124 million, while broadband revenue dropped 8.7% y-o-y to $58.8 million. Entertainment revenue declined 9.1% y-o-y to $45.8 million. StarHub says mobile revenue was lower mainly due to softer roaming, value-added services, and SMS usage, while broadband revenue fell mainly due to lower subscription revenue. Both research houses flag competition as the main concern. DBS says StarHub highlighted that Singtel has been " overly aggressive" in both mobile and broadband. Similarly, RHB says management pointed to the incumbent undercutting prices across the board, with some price points falling below mobile virtual network operators and value brands. That pressure is showing up in StarHub&rsquo s margins. Its service ebitda margin narrowed to 16.5% from 20.6% a year earlier, while RHB says higher staff and marketing costs added to the ebitda drag. StarHub has maintained its FY2026 ebitda guidance at 75% to 80% of FY2025 levels, which Mittal notes is below consensus expectations of about 83%. The company is also targeting $70 million in savings through FY2028 under its Strategic Cost Pillars programme that includes legacy decommissioning, network optimisation, systems re-architecture and business simplification. However, Mittal expects the bulk of the savings to kick in only from FY2027 onwards, while RHB says the benefits are likely to be back-loaded to FY2028. RHB has cut its FY2026 and FY2027 core net profit forecasts by 10.7% and 8%, respectively, while raising its FY2028 forecast by 13%. StarHub and Temasek agreed after the quarter ended to terminate an assigned rights arrangement relating to part of StarHub&rsquo s economic and equity interest in Ensign InfoSecurity for total cash proceeds of $121 million. StarHub expects to recognise a fair value gain of about $244 million, strengthening FY2026 NPAT, while its remaining 38.92% stake in Ensign will be recognised as an associate company. The dividend remains one source of support. DBS says StarHub&rsquo s management remains committed to paying at least 6 cents per share for FY2026, while RHB forecasts a dividend yield of 6% from FY2026 to FY2028. RHB says downside risks include weaker-than-expected earnings and margins, competition and regulatory setbacks. Upside risks include easing competition from industry consolidation and stronger-than-expected earnings, though the research house says such upside risks are receding as price competition intensifies. As at 11.08 am, shares in StarHub are trading 1 cent lower, or 0.99% down, at $1. |
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arkan1111
Veteran |
08-May-2026 12:23
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Why $120m from Tamesek exclude in the Q1 net profit??? | ||||
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Speediman
Veteran |
08-May-2026 11:15
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After consecutive years of investments for Dare and write downs, Starhub now need a new leader who can drive higher revenue and better profits. Singtel removed the lady boss and their fortunes start to go better. Dear CEO...please resign! Let someone else takeover this job |
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Joelton
Supreme |
08-May-2026 10:22
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StarHub Q1 net profit tumbles 81.3% to S$5.9 million as consumer business slides across the board Mobile segment subscriptions fall to 2.2 million, from 2.4 million in the year-ago period, amid softer SMS usage revenue [SINGAPORE] StarHub : CC3 -0.99% reported a net profit of S$5.9 million for its first quarter ended Mar 31, down 81.3 per cent from S$31.8 million in the year-ago period. Total revenue for the three months declined 6.1 per cent to S$507.3 million from S$540.5 million in Q1 2025, the group said on Thursday (May 7). The consumer business logged declines across the board, as revenue fell 10 per cent to S$228.6 million for the quarter, from S$254 million previously. This was led by the mobile segment, which posted a 10.9 per cent decline in revenue to S$124 million for Q1 2026, from S$139.2 million in the year-ago period. The mobile segment&rsquo s lower revenue was due to softer roaming alongside usage revenues for value-added service and SMS. Subscriptions fell to 2.2 million from 2.4 million in Q1 2025, while the average revenue per user (ARPU) was stable on the year at S$21. Meanwhile, the broadband segment&rsquo s revenue declined 8.7 per cent on the year to S$58.8 million from S$64.4 million, mainly due to lower subscription revenue. Subscriptions dropped to around 571,000 from 577,000 in Q1 2025, as ARPU fell to S$33 from S$36. Revenue for the enterprise business fell 4.8 per cent to S$139.4 million, from S$146.5 million in the previous corresponding period, due to the timing of project recognitions from the managed services segment, which posted a 10.8 per cent drop in revenue to S$69.8 million from S$78.3 million. This was partially offset by higher enterprise connectivity and carrier and voice revenues. The former posted a 1.7 per cent year-on-year increase in revenue for Q1 and the latter recorded 2.6 per cent higher revenue. Despite revenue declines, the order book for the enterprise business grew more than 50 per cent on the year amid demand for digital infrastructure and artificial intelligence. Cybersecurity services revenue rose 22.4 per cent year on year in Q1, to S$77.7 million from S$63.5 million, due to project recognition timings. The top-line declines led to a 22.5 per cent slide in earnings before interest, taxes, depreciation and amortisation (Ebitda) to S$77.7 million, from S$100.2 million previously &ndash alongside higher depreciation and amortisation and net finance costs, but was partially offset by lower tax expense. The telco said Ebitda service margins fell 4.1 percentage points to 16.5 per cent. The group added that it is identifying areas for additional cost savings, as part of cost structure rightsizing. StarHub&rsquo s free cash flow stood at S$26.6 million, with a cash position of S$867.2 million and a net-debt-to-Ebitda ratio of 2.09 times. Its fixed rate debt was around 80 per cent of total debt. The counter ended Wednesday 1 per cent or S$0.01 down at S$1.01. |
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moneynoenough
Senior |
07-May-2026 21:22
Yells: "ikan bilis " |
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starhub green like green puked all over.. https://www.businesstimes.com.sg/companies-markets/starhub-q1-net-profit-tumbles-81-3-s5-9-million-consumer-business-slides-across-board |
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noslen
Veteran |
07-May-2026 14:00
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I asked ChatGPT if Starhub's Dare+ is delivering the cost savings committed and this is its comments -
In Q1 2026: EBITDA fell 22.5% YoY to S$77.7m Net profit plunged 81.3% YoY Consumer revenue declined 10% Total revenue fell 6.1% Those are not metrics you would normally expect if transformation savings were already fully flowing through the business. |
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seanpent
Supreme |
07-May-2026 13:09
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huh ?!
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HLW666
Member |
07-May-2026 12:56
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the CEO should fire himself | ||||
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PiRPiR
Master |
07-May-2026 11:55
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11:14 PM EDT, 05/06/2026 (MT Newswires) -- StarHub's (SGX:CC3) net attributable profit to shareholders plunged 81% in the first quarter of the year to SG$5.9 million from SG$31.8 million a year earlier, according to a Thursday filing with the Singapore Exchange.
Revenue declined 6.1% year over year to SG$507.3 million from SG$540.5 million, mainly due to an across-the-board decline in services revenue. |
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shk363
Elite |
07-May-2026 11:32
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80% drop in profit.... camp at 80 | ||||
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noslen
Veteran |
07-May-2026 08:56
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Below $1 coming soon... the results doesn't look good. | ||||
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Alignment
Elite |
25-Apr-2026 17:33
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The Q& A does not make the details of what Starhub gave up to get $121m any clearer. Perhaps this is deliberate to prevent outside analysis to accurately assess the deal.
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PiRPiR
Master |
24-Apr-2026 21:21
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StarHub disclosed on Apr, 24 2026 that it has published comprehensive answers to substantial and relevant questions submitted by shareholders, the Securities Investors Association (Singapore) and Corporate Monitor in advance of the group's 28th annual general meeting.
The meeting is scheduled for Apr, 30 2026 at 10:00 a.m. at Suntec Singapore Convention & Exhibition Centre in Singapore. The responses, set out in three annexes, cover topics such as the rationale for the full acquisition of MyRepublic Broadband, expectations for mobile pricing following market consolidation, the impact of terminating assigned rights in Ensign InfoSecurity and the company's dividend outlook of six cents per share for the 2026 financial year. StarHub also addressed questions on its cost- optimisation programme targeting 70 million Singapore dollars in run-rate savings across 2026- 2028, capital expenditure guidance of 13%-15% of rovonun for 9096 and ite otratoau for notontial I want to say... |
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Alignment
Elite |
20-Apr-2026 11:06
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I think this analysis is incorrect. Starhub did not sell 16.82% of Ensign for $121m. Instead, I believe Starhub received $121m for not forcing Temasek to buy its stake at a certain price or to force Temasek to sell its stake at a certain price. The disclosure by Starhub is not helpful in making things clear.
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Joelton
Supreme |
17-Apr-2026 11:00
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DBS keeps StarHub at ' fully valued' as Ensign sale falls short of estimates DBS Group Research is maintaining its " fully valued" call on StarHub with an unchanged target price of 94 cents, following the announcement of the telco' s agreement to sell down its stake in Ensign InfoSecurity. Under the deal, StarHub will sell a 16.81% stake in Ensign to Temasek for $121 million in cash, trimming its shareholding to 38.92% from 55.73%. " [That] implies a $720 million valuation for 100% of Ensign, which is lower than our valuation of $1 based on 2x Price to 12-month forward sales," analyst Sachin Mittal writes in his April 16 note. StarHub expects to record a gain of over $200 million from the revaluation of its existing stake, with Mittal noting the cash proceeds are " likely to be used towards strategic investment in enterprise business and/or cybersecurity compliance" . He also projects a 20% decline in ebitda for FY2026, before a gradual recovery from FY2027. The six-cent dividend commitment is seen as supporting the shares. As at 3.57pm, shares in StarHub are trading 2 cents higher, or 1.90%, at $1.07. |
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Joelton
Supreme |
17-Apr-2026 10:59
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CGSI reinforces bullish call on UMS Integration with higher target price Among the stocks to outperform the Straits Times Index (STI) this year is semiconductor equipment manufacturer UMS Integration. Closing at $1.79 on April 15 and accounting for the 1-for-4 bonus share issue, the counter has risen by around 57% since the start of 2026, compared to the STI&rsquo s 8% gain. For CGS International (CGSI) analyst William Tng, he believes that the counter, listed on both SGX and Bursa Malaysia, has not yet reached its ceiling. In his April 15 report issued after trading hours, Tng is reinforcing his &ldquo add&rdquo call with a higher target price of $2.23, up from the previous $1.88 issued on March 2. Tng not only expects UMS to report a stronger 2HFY2026 (due to customer order skewed towards the second-half of the year), he thinks that there is a possibility for UMS to report a 1QFY2026 net profit of around $12.2 million, representing a 10% q-o-q and 24% y-o-y increase. The way Tng sees it, UMS is likely to enjoy a stronger FY2026 to FY2028 earnings upcycle, driven by AI demand and two customers. He notes that from the company&rsquo s FY2025 annual report, released on April 13, UMS has renewed a three-year integrated system contract with major customer &ldquo A&rdquo . Coupled with new product pipelines from &ldquo A&rdquo and new customer &ldquo L&rdquo , management is confident in the company&rsquo s FY2026 performance. UMS&rsquo s confidence in its prospects are derived from expected customer demand and industry tailwinds. The company notes that both customers have forecasted &ldquo robust&rdquo demand growth for 2026 and 2027 due to increasing AI adoption. UMS also points out that both &ldquo A&rdquo and &ldquo L&rdquo are major players in the high-bandwidth memory and advanced logic space, which is experiencing &ldquo escalating&rdquo demand. In addition, UMS expects the semiconductor industry to enter a record period of growth, surpassing US$1 trillion in revenue for the first time in 2026. The company also cites industry estimates that global sales of semiconductor manufacturing equipment will grow from 2025 to 2027 and reach a record high of U$156 billion, signaling a clear shift away from traditional consumer driven cycles toward a new &ldquo Giga Cycle&rdquo in which major tech companies are investing heavily to compete in the AI era. On the back of expected business growth driven by industry tailwinds and more customer orders, Tng raises his FY2026 to FY2028 projected revenue by 0.2-12.7%, leading to 2.7-27.6% increase in earnings per share that will experience a 29.6% compound annual growth rate from FY2025 to FY2028. Valuing the company at 26 times of FY2027 forecasted EPS, or two standard deviations above five-year (2022 to 2026) P/E, Tng sets a target price of $2.23. |
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Speediman
Veteran |
16-Apr-2026 21:56
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Hopefully questions can be asked / answered by mgmt during AGM. Maybe Ah Gong have decided to halt the sale of M1 to Simba. Simba uses Huawei equipment...security wise not-compatible and potential red flag to US. Teledata might sneak in |
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noslen
Veteran |
16-Apr-2026 19:07
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For a company that is trying to pivot to enterprise business, it makes little sense not to focus on the cyber security entity that one has invested and grow for many years. Now that the investment in Ensign is coming to fruition, it decided to cash out at much lower value as compared to maybe listing it.
So what are they planning to use the 121m on? Give back to shareholders or wait and hope for the Simba/M1 deal to collapse so they can hijack and go back to focus on Telco?
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