Shares & Derivatives
How has Starhub Fared in The Recent Quarter?
By The Smart Investor  •  November 28, 2020
Over the last few years, online video-sharing and content platforms have taken the world by storm. For example, Netflix Inc (NASDAQ: NFLX) and Alphabet Inc’s (“Google”) (NASDAQ: GOOGL) YouTube are common pastimes in today’s world. The COVID-19 pandemic has hastened the shift to online content as people spend more time indoors. This shift has affected traditional cable television providers such as StarHub Ltd (SGX: CC3). Year to date, the telecommunication company’s (“telco”) share price has fallen by slightly more than 7% to S$1.32 from S$1.42. Having said that, cable TV is but one of the services provided by the Singaporean telecommunications giant. Earlier this month, StarHub announced a business update for its third-quarter earnings. We break down StarHub’s report to decipher how its individual business segments have fared in the third quarter of 2020. Overall business StarHub announced a 23.3% drop in net profits to S$44.5 million during the quarter, down from S$58.0 million a year back....
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By The Smart Investor
The Smart Investor is co-founded by David Kuo, Joanna Sng, and Chin Hui Leong. The company was formed in late 2019 from the ashes of the Motley Fool Singapore. The Smart Investor believes that everybody can learn how to invest, smartly. We aim to educate people on how to invest smartly by providing investing education, stock commentary and market coverage for Singapore and around the world.
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