Starhub

Starhub: Phillip lifts Starhub target to $2.41 from $2.16 after increasing earnings estimates for FY10-12 by 5%, 32%, 42% respectively to account for higher broadband revenue following launch of Singapore's next-generation national broadband network. Still, keeps Hold call on view Starhub will continue to face stiff competition from SingTel, M1; believes SingTel and M1's NGNBN plans are at least as attractive as Starhub's.