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581-600 of 5653
not a STI component stock. volume can tell.
may repeat the cycle, drop during ex-D and rise when result is out and CD till a firm plan of M1 merge.
may repeat the cycle, drop during ex-D and rise when result is out and CD till a firm plan of M1 merge.
Speediman ( Date: 16-Aug-2024 10:43) Posted:
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BB still trying to collect as cheap as possible. STI up 40 points, Starhub cannot even touch 1.3
singtel is strong. anytime, can clear selling at 1.28-1.29.
StarHub H1 earnings up 7.1% to S$82.1 million despite revenue staying largely flat
Earnings per share rise 8.5% to S$0.046, from S$0.042 in the corresponding period the year before
MAINBOARD-LISTED telco StarHub : CC3 +0.78% posted a net profit of S$82.1 million for the half-year ended June, up 7.1 per cent from S$76.7 million in the year-ago period.
Earnings per share rose 8.5 per cent to S$0.046, from S$0.042 in the corresponding period the year before.
The improvement in earnings comes despite revenue staying largely flat at S$1.1 billion in H1, mainly due to lower contributions from its mobile, broadband and entertainment segments, as well as sales of equipment. Revenue from these segments fell 4.3 per cent, 1.4 per cent, 3.9 per cent, and 6.4 per cent, respectively.
Chief of the telco&rsquo s consumer business group Johan Buse attributed the fall in mobile revenue to a shift from device plans to SIM-only plans. Still, the company saw an increase in postpaid subscribers as it signed a new mobile virtual network operator (MVNO).
In May, the MVNO Eight launched its service with a free tier offering 88 gigabytes of data for 88 days.
When asked if such plans are cannibalising the telco&rsquo s own services, Buse said that this was not the case and that there is clear differentiation between StarHub&rsquo s mobile plans and those of its partners.
&ldquo You have a very price-sensitive cohort in the market which basically doesn&rsquo t care about (having) the best connectivity and is willing to sacrifice a number of things, and there is a sizeable segment for which roaming, quality of service, 5G (service) are important, so there is segmentation,&rdquo he said.
The total revenue decline was partially mitigated by higher contributions from the telco&rsquo s enterprise business, which registered a 7.2 per cent increase to S$425.7 million.
This was mainly due to higher revenues from managed services and cybersecurity services partially offset by lower revenues from data and Internet, voice services and regional ICT (information and communication technology) services.
StarHub has declared an interim dividend of S$0.03 per share for H1, compared to an interim dividend of S$0.025 per share in the corresponding year-ago period.
The company has previously guided for a full-year dividend per share of at least S$0.06 in 2024.
The group said this took into account short to mid-term business conditions, cash flow and investment requirements, and results expected from its ongoing business transformation initiatives.
Chief of finance Dennis Chia said the company&rsquo s capex commitments will accelerate towards the end of 2024 before tapering off in 2025, as the last investments from its Dare+ initiative are made.
As at end-June, StarHub&rsquo s cash and cash equivalents stood at S$564.6 million, with free cash flow of S$101.6 million.
Chief executive Nikhil Eapen said that the company has been investing more capital towards its growth platforms, such as its projects at the Punggol Digital District and National University of Singapore.
He added that StarHub is also in a good position to acquire new capabilities around digital services and cloud services for its enterprise segment in South-east Asia.
While Eapen declined to comment on market speculation on whether the company would merge with Keppel&rsquo s telco subsidiary M1, he said that having low leverage is &ldquo a great thing&rdquo .
He added that the telco has the firepower and track record for consolidation if and when the opportunity becomes available.
I believe how it works is that Starhub offers cyber services which uses Ensign. As a service provider, Ensign does charge a fee for its services but starhub still owns 55% of Ensign so there is also some trade off. At the end of the day, Ensign its is own company. Starhub does not pay Ensign' s salary. Ensign has other clients on its portfolio other than Starhub.
freestyle123 ( Date: 14-Aug-2024 19:58) Posted:
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always waiting for DBS and respective funds to issue target price and report.
vivacious ( Date: 15-Aug-2024 09:07) Posted:
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as usual, takes a while to warm up
It is written in profitability section in 2H 2024 finance report. I just copy and paste here.
Goldblade ( Date: 14-Aug-2024 19:26) Posted:
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Starhub owns 55.73 per cent stake in Ensign. If you actually do some proper research, you will see that the Starhub does end to end cyber security protection and Ensign is just incorporated as part of this service. In essence what this means is that Starhub own' s 55.73 percent of what Ensign makes and also uses its platform to provide services by Ensign. It does not pay for Ensign workers.
If you go and see the market, alof of major telcos including Republic, offer some sort of Cyber security service but do not have it inhouse. It is funny how you managed to get concernd by loss in Ensign. Maybe you can share where you saw this in the report and how you got to this?
If you go and see the market, alof of major telcos including Republic, offer some sort of Cyber security service but do not have it inhouse. It is funny how you managed to get concernd by loss in Ensign. Maybe you can share where you saw this in the report and how you got to this?
freestyle123 ( Date: 14-Aug-2024 18:52) Posted:
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DBS target price is 1.54 with annual net profit of 158mio. 1H 2024 is 83.3 Mio. is same net profit can be maintained 2H 2024. It will break DBS target price and net profit.
1.54 is coming.
1,4 tmr
Cybersecurity Services? 1H2024 operating loss would have been S$9.1 million,
compared to S$8.8 million in 1H2023, representing a YoY increase of S$0.2 million or 2.8%.. hope they wake up soon. Computer science salary is highest among uni graduates.
noslen ( Date: 14-Aug-2024 18:32) Posted:
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3cts is the expectation. Overall results are within expectation or better in a few areas but my concern is the increasing loss of Ensign.
freestyle123 ( Date: 14-Aug-2024 17:36) Posted:
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Net profit increase 8.7% and interim dividend increase 20%.
freestyle123 ( Date: 14-Aug-2024 17:36) Posted:
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Interim dividend increased from 2.5 to 3 cents
i think so too.
freestyle123 ( Date: 13-Aug-2024 14:59) Posted:
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1.5x on coming thursday. Let' s hope for the best.
freestyle123 ( Date: 11-Aug-2024 14:50) Posted:
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something to prospect with. reason for hold and buy. uptrend is continue. let' s see result in next week.
a good result will bye bye 1.2X level
a good result will bye bye 1.2X level
Alignment ( Date: 11-Aug-2024 13:14) Posted:
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Probably even longer.
noslen ( Date: 08-Aug-2024 17:40) Posted:
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