Stock Name: StarHub
Company Name: STARHUB LTD
Company Name: STARHUB LTD
| Research House: Deutsche Bank | Price Call: HOLD | Target Price: 4.30 |
SINGAPORE (Feb 24): Deutsche Bank has started coverage on Starhub with a "hold" rating and $4.30 price target.
The telco's key challenge is growing its pay-TV and fixed-line Internet businesses, which account for 41% of its service revenue, according to Deutsche Bank analyst Srinivas Rao.
In the fibre broadband space, competition has driven down Starhub's average revenue per user (ARPU) by 15% so far this year to $35, "a dynamic that will affect revenue growth in the medium term as subscribers are re-contracted at lower rates," Rao said in a note.
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