Starhub kept at 'sell' by UOB Kay Hian with $3.98 target price

Stock Name: StarHub
Company Name: STARHUB LTD

Research House: UOB KayHian

Price Call: SELL

Target Price: 3.98

SINGAPORE (Feb 26): UOB Kay Hian is not impressed by Starhub's 4QFY14 earnings of $94.2 million, and is maintaining a "sell" call with a target price of $3.98.

Althpugh Starhub did well in post-paid mobile, gaining an additional 23, 000 subscribers, UOB Kay Hian said its pre-paid mobile segment lost 58, 000 subscribers due to a change in regulations. As such, total mobile revenue increased by only 3.2% y-o-y.