StarHub Leads Telco-to-Digital Sector in 2024 YTD, with 8% Gain

SGX04-08

Singtel, NetLink NBN Trust and StarHub represent the most traded stocks of Singapore’s Telecommunication Sector, and have averaged 2.6% YTD total returns, after averaging 7.0% total returns in 2023. ...

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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStarHub Leads Telco-to-Digital Sector in 2024 YTD, with 8% Gain\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-08 00:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.sgx.com/research-education/market-updates/20240408-starhub-leads-telco-digital-sector-2024-ytd-8-gain><strong>SGX</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Singtel, NetLink NBN Trust and StarHub represent the most traded stocks of Singapore’s Telecommunication Sector, and have averaged 2.6% YTD total returns, after averaging 7.0% total returns in 2023. ...</p>\n\n<a href=\"https://www.sgx.com/research-education/market-updates/20240408-starhub-leads-telco-digital-sector-2024-ytd-8-gain\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SG9999002620.SGD","symbol_name":"LionGlobal South East Asia SGD","start_time":0,"source_url":"https://www.sgx.com/research-education/market-updates/20240408-starhub-leads-telco-digital-sector-2024-ytd-8-gain","article_id":"2425095737","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2425095737","pubTimestamp":1712505600,"sourceInfo":{"source_id":"sgx_stock","name":"SGX"},"weMediaInfo":null,"summary":"Singtel, NetLink NBN Trust and StarHub represent the most traded stocks of Singapore’s Telecommunication Sector, and have averaged 2.6% YTD total returns, after averaging 7.0% total returns in 2023. StarHub has led the trio over the past 14 weeks, and last week returned to Sep 2022 levels.StarHub has reported that its ROE for FY23 increased to 20.7% compared with 10.2% in FY22, highlighting that it is evolving from a traditional telecommunications provider to a dynamic digital ecosystem player, embracing cloud computing, cybersecurity, artificial intelligence, and IoT.Singapore’s most traded stocks of the Telecommunications Sector, Singtel, NetLink NBN Trust and StarHub, have averaged 2.6% total returns in the 2024 year to 5 April, on S$46 million of combined net institutional inflow. This means over the past 14 weeks, the Sector has seen the second highest net institutional inflow, after the Industrials Sector.According to Bloomberg data, global communication large, mid and small cap ","collect":0,"end_time":0,"defaultTopTitle":"sgx.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"SG9999002620.SGD":"LionGlobal South East Asia SGD","SG9999000343.SGD":"Schroder Singapore Trust A Dis SGD","SG9999002414.USD":"LIONGLOBAL SINGAPORE TRUST (USD) ACC","LU0577902298.EUR":"FULLERTON LUX FUNDS - ASIA GROWTH & INCOME EQUITIE \"I\" (EUR) ACC","SGXZ58947870.SGD":"LIONGLOBAL SINGAPORE DIVIDEND EQUITY (SGDHDG) INC","LU1242518857.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"I\" (USD) ACC","LU0516422952.EUR":"FULLERTON LUX FUNDS - ASIA FOCUS EQUITIES \"I\" (EUR) ACC","CJLU.SI":"网联宽频信托","SG9999002679.SGD":"LionGlobal Singapore Balanced SGD","SG9999005177.SGD":"Legg Mason Martin Currie - Southeast Asia Trust A Acc SGD","SG9999016042.SGD":"Schroder Singapore Trust A Acc SGD","BK6035":"综合电信业务","LU0348816934.USD":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"AT\" (USD)","SG9999013478.USD":"利安新加坡股息基金","LU0577902538.SGD":"Fullerton Lux Funds - Asia Growth and Income Equities A Acc SGD","LU0572939691.SGD":"Janus Henderson Horizon Asian Dividend Income A2 SGD","LU0873338254.USD":"FULLERTON LUX FUNDS - ASIA GROWTH & INCOME EQUITIE \"I\" (USD) INC","LU1282649810.SGD":"Allianz Asian Multi Income Plus Cl AMg DIS H2-SGD","LU0384037296.USD":"ALLIANZ ASIAN MULTI INCOME PLUS \"AT\" (USD) ACC","Z74.SI":"新电信","BK6017":"非传统电信运营商","LU0572940350.SGD":"Janus Henderson Horizon Asian Dividend Income A3 SGD","LU0577902454.USD":"FULLERTON LUX FUNDS - ASIA GROWTH & INCOME EQUITIE \"I\" (USD) ACC","LU1130305938.SGD":"Schroder ISF Asian Dividend Maximiser A Dis SGD-H","SG9999000475.SGD":"Aberdeen Standard Singapore Equity SGD","LU0516423091.SGD":"FULLERTON LUX FUNDS - ASIA FOCUS EQUITIES \"I\" (SGD) ACC","SG9999002406.SGD":"利安新加坡信托基金","LU0577902611.USD":"FULLERTON LUX FUNDS - ASIA GROWTH & INCOME EQUITIE \"A\" (USD) ACC","LU1211504680.USD":"ALLIANZ HIGH DIVIDEND ASIA PACIFIC EQUITY \"AM\" (USD) INC","LU1242518931.SGD":"Fullerton Lux Funds - Asia Absolute Alpha A Acc SGD","BK6523":"ESG概念","LU0738912210.USD":"Blackrock Asia Pacific Equity Income A6 USD","LU0228367735.SGD":"Eastspring Investments - Asian Equity Fund AS SGD","LU0577902371.SGD":"FULLERTON LUX FUNDS - ASIA GROWTH & INCOME EQUITIE \"I\" (SGD) ACC","SG9999013486.USD":"LIONGLOBAL SINGAPORE DIVIDEND EQUITY (USD) INC A","SG9999004360.SGD":"Nikko AM Shenton Thrift Fund SGD","SG9999002604.SGD":"LionGlobal Singapore/Malaysia SGD","LU0955669360.SGD":"Schroder ISF Asian Dividend Maximiser A Dis SGD","LU0348814723.USD":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"A\" (USD) INC  NC","SG9999008742.SGD":"Eastspring Investments Unit Trusts - Singapore ASEAN Equity SGD","SG9999013460.SGD":"LionGlobal Singapore Dividend Equity Fund SGD","LU0163747925.USD":"EASTSPRING INVESTMENTS ASIAN EQUITY A ACC","LU0516422366.SGD":"Fullerton Lux Funds - Asia Focus Equities A Acc SGD","LU0488056044.USD":"Allianz Asian Multi Income Plus Cl AM DIS USD","LU0516423174.USD":"FULLERTON LUX FUNDS - ASIA FOCUS EQUITIES \"I\" (USD) ACC","LU0516422440.USD":"FULLERTON LUX FUNDS - ASIA FOCUS EQUITIES \"A\" (USD) ACC","SG9999006266.SGD":"MANULIFE SINGAPORE EQUITY \"A\" (SGD) ACC","LU0918141887.USD":"安联亚洲实际收益股票基金","LU0414403682.SGD":"Blackrock Asia Pacific Equity Income A5 SGD-H","LU0264606111.USD":"Janus Henderson Horizon Asian Dividend Income A2 USD"},"translate_title":"StarHub在2024年初至今引领电信到数字领域，增长8%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"Z74.SI":0.9,"CJLU.SI":0.85},"content_text":"Singtel, NetLink NBN Trust and StarHub represent the most traded stocks of Singapore’s Telecommunication Sector, and have averaged 2.6% YTD total returns, after averaging 7.0% total returns in 2023. StarHub has led the trio over the past 14 weeks, and last week returned to Sep 2022 levels.\n\t \nStarHub has reported that its ROE for FY23 increased to 20.7% compared with 10.2% in FY22, highlighting that it is evolving from a traditional telecommunications provider to a dynamic digital ecosystem player, embracing cloud computing, cybersecurity, artificial intelligence, and IoT.\n\t \nSingtel booked the sixth highest net institutional inflow in the local market over the past 14 weeks. Following speculation Singtel was potentially exploring some divestment of Optus, the ratio spread of the Singtel share price to the AUD/SGD currency pair soared to 2 SD above the 6-month mean, returning to the mean at the end of last week.\n\t \nSingapore’s most traded stocks of the Telecommunications Sector, Singtel, NetLink NBN Trust and StarHub, have averaged 2.6% total returns in the 2024 year to 5 April, on S$46 million of combined net institutional inflow. This means over the past 14 weeks, the Sector has seen the second highest net institutional inflow, after the Industrials Sector.\nFor price performances, StarHub has led the trio over the past 14 weeks, with an 8.1% price gain. The stock is also scheduled to go ex-div on 29 April with a 4.2 cents per share final dividend for FY23. This brings the FY23 total dividend for StarHub to 6.7 cents, above the previous guidance of at least 5.0 cents per share. StarHub released its FY23 Annual Report last week, highlighting that it is evolving from a traditional telecommunications provider to a dynamic digital ecosystem player, embracing cloud computing, cybersecurity, artificial intelligence, and IoT. For its FY23, StarHub achieved its DARE+ milestone of S$150 million in Net Profit Attributable to Shareholders (NPAT), a target set at the end of FY21.\nStarHub also reported that its Return-on-Equity (ROE) for FY23 increased to 20.7% compared with 10.2% in FY22. Using standardised metrics, Refinitiv and the SGX Stock Screener calculates the StarHub ROE to be 25.8%. With the comparatively high 25.8% of StarHub, the trio average a 13.9% ROE ratio and an average Price-to-Book (P/B) ratio of 2.1x.\nAccording to Bloomberg data, global communication large, mid and small cap stocks also maintain a comparable median P/B ratio of 2.1x, with a median ROE of 8.1%. The table below details more past performance and net institutional fund flows of the three stocks:\n\nMost Traded Stocks of Singapore's Telco Sector\n\n\nCode\n\n\nMkt Cap (S$M)\n\n\n5 April Px (S$)\n\n\nPx. Pct Chg. MTD %\n\n\nTR YTD (%)\n\n\nADT (S$M)\n\n\nNIF (S$M)\n\n\nRCETP (S$)\n\n\n5 Y Ann. Total Return (%)\n\n\nROE (%)\n\n\nP/B (x)\n\n\nAvg P/B 5Y (x)\n\n\nDiv Yield (%)\n\n\nSingtel\n\n\nZ74\n\n\n39,608\n\n\n2.40\n\n\n-5.1\n\n\n-2.8\n\n\n68.90\n\n\n40.77\n\n\n$3.06\n\n\n-0.6\n\n\n11.7\n\n\n1.46\n\n\n1.54\n\n\n4.4\n\n\nNetLink NBN Trust\n\n\nCJLU\n\n\n3,351\n\n\n0.86\n\n\n0.6\n\n\n2.4\n\n\n2.69\n\n\n-3.82\n\n\n$0.98\n\n\n6.3\n\n\n4.1\n\n\n1.30\n\n\n1.29\n\n\n6.1\n\n\nStarHub\n\n\nCC3\n\n\n2,061\n\n\n1.20\n\n\n1.7\n\n\n8.1\n\n\n1.30\n\n\n8.98\n\n\n$1.24\n\n\n0.2\n\n\n25.8\n\n\n3.62\n\n\n3.94\n\n\n5.6\n\n\nAverage\n\n\n\n\n\n\n\n\n-1.0\n\n\n2.6\n\n\n\n\n\n\n\n\n2.0\n\n\n13.9\n\n\n2.1\n\n\n2.3\n\n\n5.4\n\n\nTotal \n\n\n\n\n45,020\n\n\n\n\n\n\n\n\n72.89\n\n\n45.93\n\n\n\n\n\n\n\n\n\n\n\n\n\nNote: ADT refers to average daily turnover; NIF refers to net institutional flows; TR refers to total returns, RCETP refers to Refinitiv consensus estimates target price which represents the average of individual estimates provided by analysts covering the stock. Estimates typically represent an analyst's opinion of the stock performance over the next 18 months. Source: SGX, Refinitiv (Data as of 5 April 2024)\nROE measures how efficiently a stock has used its shareholder equity to generate profits. A higher ROE indicates the business has been more efficient in converting equity into profit. Note that ROEs are not forward looking and do not take into account profit guidance. The SGX Stock Screener standardised calculation for the StarHub ROE, is based on the FY23 profit after taxation, net of distributions paid on perpetual capital securities, while adding comprehensive income attributable to non-controlling interests. The SGX Stock Screener ROE is also based on an average of the equity attributable to owners and perpetual capital securities holders in 2HFY23 and 2HFY22.\nThe Singtel share price has been on the move since the end of Feb, gaining from S$2.35 on the 29 Feb close, to S$2.53 at the end of March, and back to S$2.40 on 5 April. Market speculation began in mid-March that Singtel was exploring some divestment or partial divestment of its  Optus Australian unit.\nRecent years have seen Singtel conduct strategic asset recycling with partial divestments of its international assets. This has included the divestment of a 3.3% stake in Airtel, the sale of Amobee to Tremor International, and the divestment of its 70% equity stake in Australia Tower Network. On 3 April, Singtel reiterated that there is no impending deal to divest Optus which remains a strategic and integral part of the Singtel Group.\nOptus is the number two mobile player in Australia, with the key downside currency risk for Singtel shareholders a decline in the value of the AUD to SGD. In FY23 (ended 31 March), 52% of Singtel’s consolidated revenue was reported to Australia. Following speculation Singtel was potentially exploring some divestment of Optus, the ratio spread of the Singtel share price to the AUD/SGD currency pair soared to 2 SD above the 6-month mean, and reverted back to the mean at the end of last week.\nSingtel shares have also seen more trading activity this year, with close to S$70 million of shares changing hands each day over the past 14 weeks, compared to S$50 million a day for the full 2023. Singtel completed its FY24 at the end of March, and is expected to report its full year financials around 27/28 May.\nFurther Resources and Research \nRecent Financial Results/Business Updates\nSingtel: Singapore Telecommunications 1HFY24 Financial Results\nStarHub: StarHub FY2023 Financial Results | StarHub FY2023 Annual Report\nNetLink NBN Trust: NetLink NBN Trust 1HFY24 Financial Results\nRelated Analyst Reports\nSingtel: DBS - Singtel Update : Two reasons to expect a rally finally | DBS - Singtel update : Focus on core operating profit trajectory\nStarhub: DBS - StarHub Update : Pleasant surprise from lower transformation costs\nNetLink NBN Trust: CGS-CIMB - Netlink NBN Trust Update : Finalised ICO pricing removes overhang\nCompany interviews\nSingtel: 5 in 5 with Singtel - Empowering Every Generation\nStarHub: kopi-C with StarHub’s CEO: “There’s no other telco like ours”\nNetLink NBN Trust: 10 in 10 with NetLink NBN Trust - Connecting Smart Singapore\n\nEnjoying this read?\nSubscribe now to the SGX My Gateway newsletter for a compilation of latest market news, sector performances, new product release updates, and research reports on SGX-listed companies.\nStay up-to-date with our SGX Invest Telegram channel.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2425095737"}