StarHub primed to reap the rewards of tech gadget bounce

A net profit of SGD85m is expected, boost by demands in mobile data, Pay TV and fibre broadband.  

According to the research from Maybank Kim Eng, StarHub will report 1QFY12/12 results on 4 May. They expect a net profit of SGD85m, up 8% QoQ from an adjusted SGD79m, driven by improvements in mobile, data, Pay TV and fibre broadband.

Furthermore, Maybank Kim Eng's research team expects  margins to bounce back in 1Q12 on lower handset subsidies and marketing costs. In addition, mobile should grow QoQ despite lower seasonality on higher value plans and greater data usage, while Pay TV should get a kick from a price hike last year.

Signs that StarHub will utilise its currently under-utilised balance sheet to raise its dividend payout this year is also on alert. 

For news on Singapore as a global leader in the mobile revolution, view the article here.

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Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.
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Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley