StarHub Buys Back 75600 Shares at SG$1.01 to SG$1 on Monday
May 31, 2023
☀️Trending News
STARHUB ($SGX:CC3): On Monday, StarHub Ltd, a Singapore-based telecommunications and entertainment provider, purchased 75600 shares from the open market for a total of SG$76198. The highest and lowest prices being SG$1.01 and SG$1 respectively. This follows a series of buybacks the company has made since the start of the year. Currently, they provide a wide range of information, communications and entertainment services over fixed, cable and mobile platforms.
The company is also committed to providing advanced digital solutions to business customers. This buyback appears to show that the company is confident in its prospects and will continue to invest in its future growth. Shareholders will likely be encouraged by this show of strength from the company, and might potentially benefit in the long term due to the increased demand for the stock that the buyback might create.
Stock Price
On Monday, STARHUB LTD announced the buying back of 75600 shares at a price range of SG$1.01 to SG$1, marking the first time the company has bought back shares in the open market. The buyback of 75600 shares is part of STARHUB LTD’s strategy to enhance shareholder value and to manage its capital structure. This is in line with the company’s long-term commitments to provide returns to its shareholders and to remain cost-efficient in the long run.
The buyback announcement follows a period of positive performance for the company. Overall, Monday’s buyback highlights STARHUB LTD’s commitment to enhancing shareholder value and delivering long-term returns to its investors. 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 |
| 2.33k | 54.3 | 2.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Starhub Ltd. More…
| Operations | Investing | Financing |
| 383.7 | -235 | -403.6 |
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 |
| 3.13k | 2.45k | 0.31 |
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 |
| -0.0% | -15.4% | 5.8% |
| FCF Margin | ROE | ROA |
| 9.5% | 15.3% | 2.7% |
Analysis
At GoodWhale, we have conducted a comprehensive analysis of STARHUB LTD‘s wellbeing. We gave the company a Risk Rating of medium, indicating that it is a moderately safe investment in terms of both financial and business aspects. However, we did detect two warning signals in STARHUB LTD’s income statement and balance sheet. These are potential red flags that require further investigation, so if you are thinking of investing in this company, we recommend that you register with us so we can run a more detailed analysis and provide additional 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
Investors should take note of StarHub Ltd‘s recent repurchase of shares on the open market. The company purchased 75600 shares for a total of SG$76198. The highest price paid per share was SG$1.01 and the lowest was SG$1, which suggests that StarHub Ltd is confident in its long-term prospects and is willing to invest back into the company. This could be a good sign for investors who are looking to invest in StarHub Ltd, as it shows that the company is actively managing its stock and is committed to maintaining its share price.
Related Posts
Recent Posts
Investing Everyone Can Do.
Investing shouldn’t be exclusive to a select few. We believe everyone should have the opportunity to grow their wealth. That’s why our app is designed to be accessible and user-friendly, even for beginners.
