Starhub

Starhub: Scored a multimillion pay-TV and communication deal with IR operator MBS. Under the multi-yr agreement, co will provide a range of voice and data services, high-speed broadband and internet lines, as well as enterprise msging and web apps. Co’s cable TV channels will be available in all 2.5k guest rms and 75 public displays…

Co-branded pre-paid SIM cards will be offered at $15 to resort visitors as well. No details of exact amt or length of contract mentioned. Starhub now trades at trailing P/E of 17.68x and rival Singtel at 12.85x. Deal will provide slight increase in recurring earnings for Starhub, may stir positive interest in counter. As of 9M10 in Sep, rev for co was at S$1.6b and net profit at S$242.6m