Starhub *Official* (SGX: CC3)

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jtsh55

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Their upcoming dividend of $0.032/share is quite disappointing though.

Date payable

The Directors have proposed a final dividend of S$0.032 per ordinary share, tax- exempt (1-tier) to be paid on 16 May 2025, subject to shareholders’ approval at the forthcoming annual general meeting to be convened. Details on payments of dividends will be announced in due course.
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Shion

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StarHub Q1 profit plunges 81% to $5.9m on weaker consumer revenue​


Revenue, EBITDA and cash flow declined even as enterprise and cybersecurity offset losses.

https://sbr.com.sg/telecom-internet/news/starhub-q1-profit-plunges-81-59m-weaker-consumer-revenue

StarHub reported net profit attributable to shareholders of $5.9m in the first quarter (Q1) of 2026, down 81.3% year on year (YoY), according to its business performance update released on 7 May.

Total revenue fell 6.1% YoY to $507.3m, whilst service revenue declined 3.9% to $445.7m. EBITDA dropped 22.5% to $77.7m, and free cash flow decreased 16.9% to $26.6m.

Service revenue weakness was driven mainly by lower consumer contributions, where revenue fell 10% to $228.6m. Mobile, broadband, and entertainment segments all recorded declines, partly offset by growth in enterprise connectivity, carrier and voice services, and cybersecurity.

The enterprise segment reported mixed performance. Regional enterprise revenue fell 4.8% to $139.4m due to lower managed services revenue, which declined 10.8% on timing of project recognition, which was partially offset by growth in connectivity and voice services.

Cybersecurity revenue rose 22.4% to $77.7m. StarHub said its regional enterprise orderbook grew more than 50% YoY, supported by multi-year digital infrastructure contracts.

The company’s balance sheet showed cash of $867.2m as at 31 March. Net debt to trailing 12-month EBITDA rose to 2.09 times from 2.00 times at end-2025.

StarHub said it divested a 16.81% stake in Ensign in April 2026 for cash proceeds of $121 million, with estimated fair value gains of $244m. Following the transaction, Ensign will be accounted for as an associate rather than a subsidiary.

The group said it continues to focus on cost optimisation measures, including network and systems restructuring, with an additional $10m in savings identified from network optimisation.
 
Soomp!

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There is rumour by an analyst that commented starhub is gonna merge with M1
 
Milo-Dino

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Soomp! said:
There is rumour by an analyst that commented starhub is gonna merge with M1
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Means starhub buy m1 from keppel?
Then probably starhub need to raise funds to do so? (or maybe issue shares as payment to keppel)
 
Euqorab

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Milo-Dino said:
Means starhub buy m1 from keppel?
Then probably starhub need to raise funds to do so? (or maybe issue shares as payment to keppel)
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Singapore telco price war squeezes earnings, strengthens case for StarHub-M1 deal, say analysts​

https://www.businesstimes.com.sg/co...strengthens-case-starhub-m1-deal-say-analysts

from AI:

To fund a potential deal, StarHub holds S$516 million in cash and could monetize its remaining 39 per cent stake in Ensign, which Maybank Securities analyst Hussaini Saifee values at approximately S$322 million.
 
Milo-Dino

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Euqorab said:

Singapore telco price war squeezes earnings, strengthens case for StarHub-M1 deal, say analysts​

https://www.businesstimes.com.sg/co...strengthens-case-starhub-m1-deal-say-analysts

from AI:

To fund a potential deal, StarHub holds S$516 million in cash and could monetize its remaining 39 per cent stake in Ensign, which Maybank Securities analyst Hussaini Saifee values at approximately S$322 million.
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Why would they sell ensign... Except if it's sold to keppel or temasek etc...

It's part of cybersecurity for govt also..

Why sell when can easily just call right issue and screw minority shareholders lol...
 
Euqorab

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havetheveryfun

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Milo-Dino said:
Why would they sell ensign... Except if it's sold to keppel or temasek etc...

It's part of cybersecurity for govt also..

Why sell when can easily just call right issue and screw minority shareholders lol...
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cos government agencies have already hinted they want to pivot towards in house model rather than depending on vendors. the recent GovTech retrenchment already shows this.

SIs like NCS, ST, Ensign all get bulk of their revenue from government projects. how much of their revenue is really commercial. Imagine if just 50% of those projects which used to be managed by SI vendors now goes back to GovTech.

so it may be a good idea to sell now while still able to fetch a good price than later on when revenue start to drop due to lesser government projects.
 
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sohguanh

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havetheveryfun said:
cos government agencies have already hinted they want to pivot towards in house model rather than depending on vendors. the recent GovTech retrenchment already shows this.

SIs like NCS, ST, Ensign all get bulk of their revenue from government projects. how much of their revenue is really commercial. Imagine if just 50% of those projects which used to be managed by SI vendors now goes back to GovTech.

so it may be a good idea to sell now while still able to fetch a good price than later on when revenue start to drop due to lesser government projects.
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Just to add on GovTech only handle the non-military govt entities. For military it is DSTA and DSTA is born so much earlier than GovTech who copy the same idea.

For info DSTA also started with in house model later turn to SI like NCS ST with DSTA staff project managing. I await to see GovTech fate of going the same path
 
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manutd168

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Shion said:

StarHub Q1 profit plunges 81% to $5.9m on weaker consumer revenue​


Revenue, EBITDA and cash flow declined even as enterprise and cybersecurity offset losses.

https://sbr.com.sg/telecom-internet/news/starhub-q1-profit-plunges-81-59m-weaker-consumer-revenue

StarHub reported net profit attributable to shareholders of $5.9m in the first quarter (Q1) of 2026, down 81.3% year on year (YoY), according to its business performance update released on 7 May.

Total revenue fell 6.1% YoY to $507.3m, whilst service revenue declined 3.9% to $445.7m. EBITDA dropped 22.5% to $77.7m, and free cash flow decreased 16.9% to $26.6m.

Service revenue weakness was driven mainly by lower consumer contributions, where revenue fell 10% to $228.6m. Mobile, broadband, and entertainment segments all recorded declines, partly offset by growth in enterprise connectivity, carrier and voice services, and cybersecurity.

The enterprise segment reported mixed performance. Regional enterprise revenue fell 4.8% to $139.4m due to lower managed services revenue, which declined 10.8% on timing of project recognition, which was partially offset by growth in connectivity and voice services.

Cybersecurity revenue rose 22.4% to $77.7m. StarHub said its regional enterprise orderbook grew more than 50% YoY, supported by multi-year digital infrastructure contracts.

The company’s balance sheet showed cash of $867.2m as at 31 March. Net debt to trailing 12-month EBITDA rose to 2.09 times from 2.00 times at end-2025.

StarHub said it divested a 16.81% stake in Ensign in April 2026 for cash proceeds of $121 million, with estimated fair value gains of $244m. Following the transaction, Ensign will be accounted for as an associate rather than a subsidiary.

The group said it continues to focus on cost optimisation measures, including network and systems restructuring, with an additional $10m in savings identified from network optimisation.
Click to expand...
Wah
Why drop so much?
 
Soomp!

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Starbuck CEO had been complaining about the low consumer charges and how this can't be persisting in a first world country.

If our telco charges able to tweak, then I think this stock will soar.

I had a low position on it but thinking to add if they manage to acquired M1
 
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sohguanh

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Soomp! said:
Starbuck CEO had been complaining about the low consumer charges and how this can't be persisting in a first world country.

If our telco charges able to tweak, then I think this stock will soar.

I had a low position on it but thinking to add if they manage to acquired M1
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Starbuck is sell atas coffee? Wrong thread?
 
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