Stock Name: StarHub
Company Name: STARHUB LTD
Company Name: STARHUB LTD
| Research House: Maybank Kim Eng | Price Call: BUY | Target Price: 5.00 |
SINGAPORE (April 2): Maybank Kim Eng has upgraded Starhub to "buy" from "hold" and raised its price target to $5.00 from $4.40.
Starhub and Singtel have bundled packages offering services like pay-TV and mobile broadband at competitive rates, but the former's "bundling proposition" is the stronger and will "render it most resilient" to any competition that might arise if a new mobile operator enters the market, Maybank Kim Eng analyst Gregory Yap wrote in a note today.
"Its number of triple-service households for pay-TV, broadband and mobile has consistently grown y-o-y.
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