Starhub +1.4% at $2.20 is best performer among S’pore telcos. DB, which has Buy rating with $2.62 target backed by 9% dividend yield. Adds 20¢ divd payout sustainable in long term as margins recover on higher mobile revenue, expect decline in costs of acquiring mobile customers. UOBKH, which has Buy call with $2.56 target, also bullish on its corporate data services, citing its 10-year track record in this segment.
StarHub will extend its reach to corporate and SME customers from 800 to 24,000 commercial buildings riding on the next-gen nationwide broadband network. Immediate resistance at $2.28.
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