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Starhub Q2 2012 Results–Mobile Payment the next growth area?
By Investment Moats  •  August 9, 2012


Starhub Q2 2012 Results–Mobile Payment the next growth area? starhub green 1

Starhub announces their Q2 2012 results.

The presentation slides is [here]

The full results release is [here]

Overall, the result are status quo. Current Investors can look forward to another SGD$0.05 quarterly dividend payout. Starhub did not indicate that they will raise their quarterly dividends.

Due to that, the current dividend yield is around 5.3%. Its earnings yield is around there as well. (Refer to the Dividend Stock Tracker)

This leaves a PE of 20 times and an EV/EBITDA of nearly 10 times.

As sound and defensive is this telecom business, 20 times probably means, if earnings doesn’t grow, you would expect to recuperate the money in 20 years.

And we have seen in the past three years that the growth rate of Starhub is around 1-3%.

Most of the cash flow improvement were due to lower capital expenditures and minor optimizations. ...

...
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By Investment Moats
Investment Moats is set up by Kyith Ng and have been around since 2005. He aims to share his experiences making sense of money, how money works and ways to grow his money. It hopes that by sharing his experiences, both good and bad, season investors can advice and critique his decisions and new investors can learn from them and find their own style ...
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