MAYBANK UPGRADED STARHUB TO BUY . TARGET $1.44 !! STRONG CASHFLOW AND DIVIDEND

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MAYBANK UPGRADED STARHUB TO BUY . TARGET $1.44 !! STRONG CASHFLOW AND DIVIDEND

Maybank Securities analyst Hussaini Saifee has upgraded StarHub CC3 0.85% to “buy” from “hold” as he sees several positive tailwinds for the company. The analyst, who has just taken over coverage of the telco, has also lifted his target price to $1.44 from $1.10 previously.

“StarHub is at the tail-end of its Dare+ investment cycle,” he writes, noting that 2024 will be the last year of the telco’s elevated Dare+ initiative.

“From here on, we expect capex (capital expenditure) levels should drop while legacy costs are eliminated,” he adds in his April 16 report.

# 💰 Stocks to watch today?(30 Apr)

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SPOT_ON
·04-17
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cannot be singtel trading at double.of StarHub price when both used to trade at the same.price at $4+.... [USD] [USD] [USD] [USD] [USD] [USD] [USD] [Heart] [Heart] [Heart]
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SPOT_ON
·04-17
[Call] [Call] [Call] [Call] [Call] [Call] [USD] [USD] [USD] [USD] [USD] [USD] [USD]
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SPOT_ON
·04-22
Great article, would you like to share it?
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LMSunshine
·04-17
Thanks buddy❣️
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- SPOT_ON:
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  04-17
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SR050321
·04-17
Wow 👍😊
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- SPOT_ON:
  [Grin] [Grin] [Like] [Like] [Like]
  04-17
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