MAYBANK UPGRADED STARHUB TO BUY . TARGET $1.44 !! STRONG CASHFLOW AND DIVIDEND
@SPOT_ON：
$StarHub(CC3.SI)$ 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. @Tiger_huat @TigerStars @Tiger_SG @Tiger_chat @Daily_Discussion @MillionaireTiger @MHh @SR050321 @Success88 @LMSunshine @Fenger1188
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
1
Report
Login to post
No comments yet