StarHub Likely Facing Increased Competition in Singapore -- Market Talk

Dow Jones

2024-10-23

0247 GMT - StarHub is likely facing increased competition in Singapore, Morningstar's Dan Baker says, citing Simba, a new entrant in the local mobile market. The tough competitive outlook for StarHub's mobile, broadband and entertainment divisions will likely make it hard for the telecom company to earn above-cost-of-capital returns over the next decade, the senior equity analyst says in a note. StarHub's mobile revenue fell 4.1% in 2Q after dropping 4.6% in 1Q, he notes. Baker speculates that at least part of the mobile revenue pressure stems from the market share lost to Simba. Morningstar downgrades its moat rating for StarHub to no-moat from narrow, keeps the fair-value estimate of S$1.26 and sees the stock as fairly valued now. Shares are unchanged at S$1.22. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

October 22, 2024 22:48 ET (02:48 GMT)

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The tough competitive outlook for StarHub's mobile, broadband and entertainment divisions will likely make it hard for the telecom company to earn above-cost-of-capital returns over the next decade, the senior equity analyst says in a note. StarHub's mobile revenue fell 4.1% in 2Q after dropping 4.6% in 1Q, he notes. Baker speculates that at least part of the mobile revenue pressure stems from the market share lost to Simba. Morningstar downgrades its moat rating for StarHub to no-moat from narrow, keeps the fair-value estimate of S$1.26 and sees the stock as fairly valued now. Shares are unchanged at S$1.22. 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The tough competitive outlook for StarHub's mobile, broadband and entertainment divisions will likely make it hard for the telecom company to earn above-cost-of-capital returns over the next decade, the senior equity analyst says in a note. StarHub's mobile revenue fell 4.1% in 2Q after dropping 4.6% in 1Q, he notes. Baker speculates that at least part of the mobile revenue pressure stems from the market share lost to Simba. Morningstar downgrades its moat rating for StarHub to no-moat from narrow, keeps the fair-value estimate of S$1.26 and sees the stock as fairly valued now. Shares are unchanged at S$1.22. (ronnie.harui@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 22, 2024 22:48 ET (02:48 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones & Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CC3.SI","symbol_name":"星和","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2477349114","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2477349114","pubTimestamp":1729651680,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0247 GMT - StarHub is likely facing increased competition in Singapore, Morningstar's Dan Baker says, citing Simba, a new entrant in the local mobile market. The tough competitive outlook for StarHub's mobile, broadband and entertainment divisions will likely make it hard for the telecom company to earn above-cost-of-capital returns over the next decade, the senior equity analyst says in a note. StarHub's mobile revenue fell 4.1% in 2Q after dropping 4.6% in 1Q, he notes. Baker speculates that at least part of the mobile revenue pressure stems from the market share lost to Simba. Morningstar downgrades its moat rating for StarHub to no-moat from narrow, keeps the fair-value estimate of S$1.26 and sees the stock as fairly valued now. Shares are unchanged at S$1.22. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"CC3.SI":"星和","BK6513":"电信服务股","BK6048":"无线电信业务"},"translate_title":"StarHub在新加坡可能面临日益激烈的竞争——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CC3.SI":0.9},"content_text":"0247 GMT - StarHub is likely facing increased competition in Singapore, Morningstar's Dan Baker says, citing Simba, a new entrant in the local mobile market. The tough competitive outlook for StarHub's mobile, broadband and entertainment divisions will likely make it hard for the telecom company to earn above-cost-of-capital returns over the next decade, the senior equity analyst says in a note. StarHub's mobile revenue fell 4.1% in 2Q after dropping 4.6% in 1Q, he notes. Baker speculates that at least part of the mobile revenue pressure stems from the market share lost to Simba. Morningstar downgrades its moat rating for StarHub to no-moat from narrow, keeps the fair-value estimate of S$1.26 and sees the stock as fairly valued now. Shares are unchanged at S$1.22. (ronnie.harui@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  October 22, 2024 22:48 ET (02:48 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0}}}