Asean Telco Analyst. Ex CLSA, JPMorgan & HSBC

Luis Antonio Hilado

Equity Bottom-Up

<p>StarHub's recent 2016 results announcement came packaged with a 20% reduction in its quarterly dividend payout guidance for 2017 that has punished the share price to near its recent lows.  The market took the cue from the somber 2017 management guidance of flat revenues and a 300-500bp reduction in service EBITDA margins as a prelude to the prep work for the eventual entry of new competitor TPG Telecom into the mobile market in 2018.</p><p>Recontracting efforts across the mobile, pay TV and fixed…</p>

StarHub's recent 2016 results announcement came packaged with a 20% reduction in its quarterly dividend payout guidance for 2017 that has punished the share price to near its recent lows.  The market took the cue from the somber 2017 management guidance of flat revenues and a 300-500bp reduction in service EBITDA margins as a prelude to the prep work for the eventual entry of new competitor TPG Telecom into the mobile market in 2018.Recontracting efforts across the mobile, pay TV and fixed…

Untethered Thoughts: StarHub (STH SP) Payout Cut - And so It Begins

StarHub Ltd

Untethered Thoughts: StarHub (STH SP) Payout Cut - And so It Begins