Starhub

Starhub: Barclays tips taking money off the table on StarHub , noting it's one of the best-performing Asia ex-Japan telecom stocks under its coverage ytd . Says Starhub is the most expensive of the three Singapore telcos on most counts. Yield has now compressed to 5.6%, given the stock's solid run, which while sustainable, is not likely to rise. Says it's all priced in. Notes among the three Singapore telcos, StarHub has the most at risk from national broadband adoption, with the broadband and cable-TV businesses exposed to market-share loss and tariff pressures, although it will take time for a material impact to be seen. Barclays ratesat Underweight with TP $2.75. The stock is down 0.6% at $3.49.