StarHub: (S$3.94) 2Q results to be released; yield attractive
- 2Q results to be released this evening; street anticipating earnings of $87-108m (2Q15: $99m; 1Q16: $93m).
- At the current price, StarHub provides an estimated yield of 5.1%, relative to Singtel (4.4%) and M1 (5.7%).
- Maybank KE believes the risk-reward for StarHub is favourable in light of the potential fourth mobile operator in the telco space. The house last had a Buy rating with a TP of $4.15.
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