STARHUB LTD Reports Strong Financial Results for Second Quarter of 2023
August 10, 2023
☀️Earnings Overview
On August 3 2023, STARHUB LTD ($SGX:CC3) announced their financial results for the second quarter ending June 30 2023, showing total revenue of SGD 1106.1 million – a 4.5% increase from the same period in the preceding year. Net income also rose 25.9%, totaling SGD 76.7 million.
Price History
The company’s stock opened at SG$1.0 at the start of the day, and closed at the same price at the end of trading. The strong financial results come as STARHUB LTD continues to expand its operations in Asia, with new investments in emerging markets and strategic partnerships with leading regional players. Moreover, the company has been able to grow its customer base and increase customer satisfaction, especially with its high-speed internet and digital services offering.
The positive financial results reflect the success of STARHUB LTD’s efforts to ensure long-term sustainable growth. The company is confident that its commitment to innovation and customer satisfaction will help it continue to deliver strong financial results in the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Starhub Ltd. More…
| Total Revenues | Net Income | Net Margin |
| 2.37k | 70.1 | 3.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Starhub Ltd. More…
| Operations | Investing | Financing |
| 354.1 | -179.8 | -408.3 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Starhub Ltd. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.97k | 2.26k | 0.33 |
Key Ratios Snapshot
Some of the financial key ratios for Starhub Ltd are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 3.5% | -11.2% | 6.4% |
| FCF Margin | ROE | ROA |
| 6.8% | 17.3% | 3.2% |
Analysis
At GoodWhale, we conducted a thorough analysis of STARHUB LTD‘s financials. After our assessment, we categorize STARHUB LTD as a medium risk investment based on its financial and business aspects. From our analysis, we have detected two risk warnings related to its income sheet and balance sheet. If you are interested in learning more about these risk warnings, we invite you to register with us to gain further insights. More…
Peers
It operates both fixed line and wireless services for businesses and consumers, and provides a wide range of television, broadband and mobile services. Its major competitors include Asia Pacific Telecom Co Ltd, Swoop Holdings Ltd, and TIM SA. All of these companies offer similar services in the telecommunications industry, with each striving to become the market leader.
– Asia Pacific Telecom Co Ltd ($TWSE:3682)
Asia Pacific Telecom Co Ltd is a telecommunications company operating in the Asia Pacific region. It has a market capitalization of 26.64B as of 2023, indicating it is a large-cap company. The company’s Return on Equity (ROE) is -10.72%, which indicates its performance has been below average compared to its industry peers. The negative ROE suggests that the company is not able to generate enough profits relative to its shareholders’ equity. The company provides telecommunication services such as mobile and fixed telephony, broadband internet, digital television, and various other services.
– Swoop Holdings Ltd ($ASX:SWP)
Swoop Holdings Ltd is a business that specializes in asset management and capital markets. It has a market capitalization of 58.38M as of 2023, making it a relatively small-cap stock compared to its peers. Its Return on Equity of -5.03% is also lower than the industry average, indicating that the company is not generating profits efficiently. Despite these figures, Swoop Holdings Ltd is still an attractive investment opportunity for investors looking for long-term growth potential and risk management.
– TIM SA ($BER:TCZ)
TIM SA is a leading global telecommunications and technology company based in Brazil. It specializes in providing services for mobile phones and internet, including voice and data, as well as offering other technologies such as Internet of Things and smart metering solutions. The company has a market cap of 5.52 billion as of 2023 and has a Return on Equity of 9.6%. This indicates that the company is making efficient use of its assets to generate good returns for its shareholders. The company also has a strong presence across South America, which provides it with a competitive edge in the market. TIM SA is well positioned to capitalize on the growth opportunities in the telecommunication sector.
Summary
STARHUB LTD recently reported their financial results for the second quarter of 2023, with total revenue increasing by 4.5% to SGD 1106.1 million compared to the same period in the previous year. Net income was further increased by 25.9%, reaching SGD 76.7 million. This is a strong indication of the company’s resilience and suggests that investors should consider STARHUB LTD as a choice for their portfolio.
Furthermore, STARHUB LTD’s performance could be further enhanced by strategic initiatives such as cost-cutting, improved operational efficiency and diversification of its products and services. The company should continue to leverage on its current positive performance to maximize returns for its shareholders.
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