0633 GMT - StarHub's earnings recovery may be delayed, according to CGS International analysts in a research report. They highlight factors such as intense mobile competition, which is affecting StarHub's average-revenue-per-user growth, and the slower realization of the benefits from its 'DARE+' strategy. Management notes that Singapore's mobile market remains "hypercompetitive" and plans to compete aggressively in 2025 to defend and grow market share. The analysts believe the telecom conglomerate's 2025 earnings outlook is uncertain. The brokerage lowers its 2025-2026 core EPS estimates for StarHub by 11%-17%. CGS International downgrades the stock to hold from add and lowers the stock's target price to S$1.30 from S$1.40. Shares are down 0.8% at S$1.23. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
February 24, 2025 01:33 ET (06:33 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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