Starhub

Starhub: (The Edge) Share price hit an all-time high on Fri. Market is positive on the co’s offerings of Internet Protocol Television Space (IPTV) to commercial customers, which could pave the way for future internet offerings. Instead of delivering Starhub’s traditional network, Starhub TV on Fibre will use the NGNB net work broadband net work. Aim to roll out new services in stages, moving from the current commercial customers to residential customers going forward. Move is positive as Starhub had in 2002, signed a network leasing agreement with Singtel, preventing it from using leased cable infrastructures to service non-residential properties, forcing commercial customers to either pay for expensive network rollout to their premises or subscribe to over the air DDTV Services. CIMB warns that Singtel continues to increase its rev market share in the Pay TV space as it has aggressively secured more and more TV content. Despite its looming challenge, Starhub has been the best performer, trading at 19.7x earnings and a 5.7% div yield.