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Starhub

I don' t claim to know the mind of Singtel management, but there seems to me to be a lot of reasons why it might happen. These include 1) Starhub is cheap anyway on a standalone basis, 2) lots of synergies between the two businesses relative to Starhub' s standalone value which means a win-win outcome is achievable, and 3) both companies are controlled by Temasek which makes negotiations easier.

What is your reasoning as to why Singtel wont be interested?

noslen      ( Date: 13-Mar-2024 22:00) Posted: I am vested in Starhub and as much as I would like this to happen, I believe even if Singtel sold Optus, it is unlikely to turn its attention to Starhub. More hopeful of Ensign getting sold or listed to be the catalyst for Starhub's price to cheong. Alignment      ( Date: 13-Mar-2024 21:46) Posted: The company chose its words carefully. It wants to give the impression everything' s lepak. But it clearly is not. Reading between the lines something is going on.

 

also possible la hor ?

noslen      ( Date: 13-Mar-2024 22:00) Posted: I am vested in Starhub and as much as I would like this to happen, I believe even if Singtel sold Optus, it is unlikely to turn its attention to Starhub. More hopeful of Ensign getting sold or listed to be the catalyst for Starhub's price to cheong. Alignment      ( Date: 13-Mar-2024 21:46) Posted: The company chose its words carefully. It wants to give the impression everything' s lepak. But it clearly is not. Reading between the lines something is going on.

 

positive TH will sell to singtel for economies of scale, lessen overheads without duplicate staff, use the money to futher invest more overseas entiies to contribute more nirc to spore budget
hang on the shares for this to materialise

 

Guess telco may be in the limelight for now

 

have been vested in starhub for years now... still underwater.sigh

noslen      ( Date: 13-Mar-2024 22:00) Posted: I am vested in Starhub and as much as I would like this to happen, I believe even if Singtel sold Optus, it is unlikely to turn its attention to Starhub. More hopeful of Ensign getting sold or listed to be the catalyst for Starhub's price to cheong. Alignment      ( Date: 13-Mar-2024 21:46) Posted: The company chose its words carefully. It wants to give the impression everything' s lepak. But it clearly is not. Reading between the lines something is going on.

 

I am vested in Starhub and as much as I would like this to happen, I believe even if Singtel sold Optus, it is unlikely to turn its attention to Starhub. More hopeful of Ensign getting sold or listed to be the catalyst for Starhub's price to cheong.

Alignment      ( Date: 13-Mar-2024 21:46) Posted: The company chose its words carefully. It wants to give the impression everything' s lepak. But it clearly is not. Reading between the lines something is going on.

 

The company chose its words carefully. It wants to give the impression everything' s lepak. But it clearly is not. Reading between the lines something is going on.

 

Singtel refute the rumours already so nothing to see here.

Alignment      ( Date: 13-Mar-2024 16:24) Posted: Starhub now a potential target for Singtel given the Optus sale.

 

Ya loh, few year ago worth 8B, now 2B. Nowonder Temasek su ka lao sai.

Alignment      ( Date: 13-Mar-2024 16:24) Posted: Starhub now a potential target for Singtel given the Optus sale.

 

makan at $2 - end of the story

Alignment      ( Date: 13-Mar-2024 16:24) Posted: Starhub now a potential target for Singtel given the Optus sale.

 

Starhub now a potential target for Singtel given the Optus sale.

 

shld go up further

noslen      ( Date: 20-Feb-2024 11:51) Posted: It does look more positive this round. Give it another week or two vivacious      ( Date: 20-Feb-2024 10:36) Posted: consolidation before 12 or 13 series

 

It does look more positive this round. Give it another week or two

vivacious      ( Date: 20-Feb-2024 10:36) Posted: consolidation before 12 or 13 series

 

consolidation before 12 or 13 series

 

Not a growth area over the long term for sure but might be a significant one off but permanent uplift recovering what was lost to COVID.

noslen      ( Date: 19-Feb-2024 00:10) Posted: I don't think mobile revenue is the growth area for Starhub. Alignment      ( Date: 17-Feb-2024 22:27) Posted: More international travellers into Singapore also going to boost high margin roaming revenues.

 

Better perform..so there is hands behind pushing it up...

kepoh88      ( Date: 08-Sep-2023 01:14) Posted: CEO Jacob Eapen was awarded 780,000 shares under consitional share award under SH Performance share plan - with condition that over next 3 years starting from 01Jan 2023 to 31Dec 2025 if he can achieve SH to perform target. Up to 1.5x of 780.000 will be awarded to hum. No share will be awarded if performance target not meet. So, he better performce,let' s see how.

 

I don't think mobile revenue is the growth area for Starhub.

Alignment      ( Date: 17-Feb-2024 22:27) Posted: More international travellers into Singapore also going to boost high margin roaming revenues.

 

More international travellers into Singapore also going to boost high margin roaming revenues.

 

smelling 12 series soon

 

 

StarHub More Than Doubles its Net Profit and Hikes its Dividend by 34%: 5 Highlights from the Telco&rsquo s Latest Results

Here are five highlights from the group&rsquo s latest earnings report.

1. A stellar set of earnings

StarHub&rsquo s revenue inched up 2% year on year to S$2.4 billion for 2023.

Of this total, service revenue rose 5% year on year to S$1.9 billion, with growth achieved across all segments.

With operating expenses dipping by 1.5% year on year, the telco&rsquo s operating profit climbed 46.3% year on year to S$226.3 million.

Finance income more than doubled year on year to S$17.1 million while finance costs fell by 9.4% year on year to S$40.9 million.

StarHub&rsquo s net profit for 2023 soared 140.4% year on year to S$149.6 million.

Excluding one-off items, StarHub&rsquo s net profit would still have risen by 76.5% year on year to cap off an impressive performance for the year.

Free cash flow, however, tumbled by 16.4% year on year to S$185.9 million.

2. Low churn and higher ARPU for Mobile

Digging into each of StarHub&rsquo s divisions, the Mobile division saw its revenue improve by 7.9% year on year to S$609 million.

The increase was driven by higher postpaid revenue.

The postpaid average revenue per user (ARPU) increased slightly to S$33 for the fourth quarter of 2023 (4Q 2023) from S$32 in 4Q 2022 because of higher roaming, value-added services, and voice subscription revenues.

StarHub&rsquo s postpaid subscriber base also grew 0.7% year on year for 2023 to 1.58 million.

Prepaid ARPU, however, slipped to S$7 in 4Q 2023 from S$8 a year earlier with subscribers falling from 591,000 to 585,000 over the same period.

Despite this, the average monthly churn rate remained low at just 0.9%, a slight improvement from the previous quarter&rsquo s 1%.

3. A mixed performance for Broadband and Entertainment divisions

Moving on to the Broadband division, revenue inched up 2.6% year on year to S$248.7 million for 2023.

The division&rsquo s subscriber base grew slightly from 578,000 in 2022 to 580,000 because of the consolidation of MyRepublic broadband subscribers.

ARPU remained stable at S$34.

StarHub&rsquo s Entertainment division saw revenue rise 5.4% year on year to S$228 million.

ARPU improved from S$45 to S$46, lifted by the screening of the English Premier League.

However, subscriber numbers continued to fall, dropping from 374,000 in 4Q 2022 to 337,000 in 4Q 2023.

The average monthly churn rate increased slightly to 1.1%, up from 0.9% a year ago.

4. Cybersecurity takes centre stage for Enterprise division

StarHub&rsquo s Enterprise division reported a decent performance with revenue edging up 4.7% year on year to S$905.9 million.

The Network Solutions sub-division saw a small 2.1% year on year increase in revenue to S$373.3 million with an 18.1% year-on-year jump in revenue for Managed Services offset by lower revenue in data and internet, along with Voice Services.

The highlight for the division was the Cybersecurity Services sub-division which saw revenue rise 16.3% year on year due to higher project recognition.

Operating profit for this sub-division fell year-on-year, though, because of higher investments in staff costs leading to higher operating expenses.

For the Regional ICT Services sub-division, revenue declined by 8.2% year on year to S$185.2 million because of lower hardware sales and a pivot to focus on higher-margin contracts.

5. A positive outlook with a sharp jump in dividends

Reflecting the improvements caused by the telco&rsquo s DARE+ initiatives, StarHub offered a positive outlook for this year.

Service revenue is projected to increase by 1% to 3% year on year with higher contributions from regional ICT services and Cybersecurity services.

Legacy capital expenditure will also be replaced with operating expenses that will improve net margin and increase net profits as a percentage of EBITDA (earnings before interest, taxes, depreciation, and amortisation).

StarHub upped its final dividend to S$0.042 from S$0.025 a year ago, exceeding its dividend guide range of &ldquo at least S$0.05&rdquo .

The group&rsquo s payout ratio stood at 80% and it also has a share buyback programme to repurchase up to 3% of its outstanding issued share capital.

For 2024, StarHub is guiding to pay out a dividend of &ldquo at least S$0.06&rdquo or at least 80% of its net profit excluding one-off items.

For 2023, the total dividend came up to S$0.067, 34% higher than the S$0.05 paid out in 2022.