Shares & Derivatives
Starhub on its way to recovery?
By Live Rich Life Free  •  May 7, 2020
Last quarter, I blogged about Shit to Gold - Starhub on its way to recovery. Yesterday, Starhub announced a business performance update for Q1 2020. Hence, I decided to continue track Starhub's progress, especially during this difficult time amidst a virus pandemic. Overall, the performance displays the immense challenges facing the telco business but there is some consolation from a slight improvement and stabilization in the financial position of Starhub. Highlights: Revenue decreases 15.2% to $506.2m Q1 2020 Net Profit decreases 25.7% to $40.2m Q1 2020 Net Profit actually increases 20% q-o-q from $33.3 Q1 2020 Free Cash Flow increases to $118.9m Continued declines in Revenue and ARPU for Mobile, Pay TV and Broadband Continued growth in Revenue from Enterprise and Cybersecurity Received 5G license from IMDA on 29 Apr 2020 Financial reporting is changed from quarterly to bi-annually so dividends payout will no longer be quarterly Having shared before, Starhub is one of my initial investments when I started to...
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By Live Rich Life Free
The purpose of this blog is for me to share my reinventions of how life should be lived and journal my journey towards financial independence. I believe that life is a story book. Each chapter contains 10 years of our lives. I am moving on towards mid 30s in 2021. As a nobody but somebody, I am in Chapter 4 of my story book. I hope to influence my philosophy of living a rich life freely and healthily with all of you. Embrace the future and empower freedom!
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