National Broadband Network

Posts Tagged ‘national broadband network’

Starhub target raised to $2.25 by Nomura; Keeps Reduce

November 24th, 2010 | No Comments

Nomura lifts Starhub (CC3.SG) target price to $2.25 from $1.90 after raising FY10-11 earnings estimates by 3%-16%.

Tips “significant opportunity” in SME/enterprise segment over next few years on back of Singapore’s next-generation national broadband network.

Says current dividend yield of over 7% highest among peers, expected to be sustainable for at least next 12 months.

Still, keeps Reduce call on view stiff competition will take toll; “rising competition in the pay-TV segment could be exacerbated by cross-carriage regulations next year, and rising smart-phone penetration could impact margins adversely.”

Shares +0.4% at $2.67.

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Starhub cut to Sell by Goldman Sachs; Ups target

November 8th, 2010 | No Comments

Goldman Sachs downgrades Starhub (CC3.SG) to Sell vs Neutral due to rich valuation of 14.6x FY11 P/E, risk to earnings growth, saying: “Momentum is against the company across pay TV, broadband and mobile (businesses).”

Goldman expects SingTel (Z74.SG) to grab pay-TV market share, capture more broadband customers using Singapore’s national broadband network.

Research house says investors will wait for signs of Starhub’s operational stability before being convinced that consensus 15% EPS growth forecast for FY11 can be attained. Still, lifts target price to $2.30 vs $2.15 after rolling over valuation period to FY11. Shares down 1.5% at $2.72.

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M1 +0.9%, outperforms peers; CIMBâ€™s top telco pick

October 18th, 2010 | No Comments

M1 (B2F.SG) +0.9% at S$2.26, outperforms vs peers with SingTel (Z74.SG) flat at $3.07, StarHub (CC3.SG) off 0.4% at $2.61, says Dow Jones.

Interest in M1 likely due to expectations for good 3Q earnings, due after market close, also on belief Singapore’s smallest telco has most to gain from rollout of Next Generation National Broadband Network (NGNBN).

Starhub lifted to Hold by Citi; Target raised to $2.45

September 20th, 2010 | No Comments

Citigroup upgrades Starhub (CC3.SG) to Hold from Sell, lifts target price to $2.45 from $2.15 after reducing long-term capex assumptions, says Dow Jones.

Citigroup expects capex-to-sales ratio to normalse to 10%-11% from FY11 after peaking at 14% in FY10 as telco now in process of building its infrastructure to tap on Singapore’s high-speed national broadband network: “Dividends are thus better matched against free cashflow generation over the longer term, allowing sustainable (dividend) payout of $0.20/year.”

But notes valuation remains expensive while earnings growth still lacking. Shares off 0.4% at $2.48.

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Starhub target raised to $2.97 vs $2.62 by Macquarie

September 17th, 2010 | No Comments

Macquarie lifts Starhub’s (CC3.SG) target price to $2.97 from $2.62 after increasing FY11-FY12 earnings estimates by 5% each; keeps Outperform call, according to Dow Jones.

Macquarie expects investors to be positively surprised over next 24 months with increased contributions from corporate data business on back of Singapore’s new high-speed national broadband network, better dividend outlook due to lower capex; also notes pay-TV business holding up well.

Research house expects new broadband network to boost telco’s market share in corporate data space by 4% in FY11 from 15% now. Says overall profit margins should improve in absence of English Premier League, World Cup content costs.

Shares last +0.8% at $2.50.

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Starhub target raised to $2.41 by Phillip Securities

September 3rd, 2010 | No Comments

Phillip Securities lifts Starhub (CC3.SG) target price to $2.41 from $2.16 after increasing earnings estimates for FY10-12 by 5.1%, 32.3%, 41.9% respectively to account for higher broadband revenue following launch of Singapore’s next-generation national broadband network, says Dow Jones.

“With NGNBN, it can reach out to all businesses and homes in Singapore. This would place it on an equal footing to compete with SingTel, which is the current leader in the broadband market”, says Phillip. Still, research house is keeping Hold call on view Starhub will continue to face stiff competition from SingTel (Z74.SG), M1 (B2F.SG); “we also believe that SingTel and M1’s NGNBN plans are at least as attractive as Starhub’s.”

Shares off 0.8% at $2.50.

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Starhub rated ‘hold’ by Phillip Securities

September 3rd, 2010 | No Comments

Phillip Securities Research in a Sep 3 research report says: "StarHub held a media conference on Sep 2, 2010 to launch its plans and solutions for the Next Generation National Broadband Network (NGNBN). We are impressed by StarHub’s plans on NGNBN.

SingTel down 0.3%; Likely rangebound near-term: Deutsche

August 18th, 2010 | No Comments

SingTel (Z74.SG) unable to build on initial gains, down 0.3% at $2.93 vs +0.7% at $2.96 earlier, says Dow Jones.

Stock has been slipping since reaching $3.17 high earlier this month, with bland June-quarter results, cautious guidance reported last week further sapping interest.

Having drifted in $2.90-$3.20 band for more than a year, “we see little reason for SingTel to break out of this range on a sustained basis either to the upside or downside,” says Deutsche Bank, which has Hold call with $3.26 target.

Macquarie, which has Neutral call with $3.16 target, says telco’s associates will continue to be key overhang on stock given rising competitive pressure, while Singapore’s upcoming high-speed national broadband network could erode SingTel’s market share in corporate data space.

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Starhub flat; Dividend yield supportive

August 6th, 2010 | No Comments

Starhub (CC3.SG) flat at $2.33 on broad market retreat, prospect of higher competitive pressure in 2H10 given expected launch of Singapore’s high-speed national broadband network later this year, says Dow Jones.

M1 +0.9%; Broadband boost not priced in: Daiwa

July 16th, 2010 | No Comments

M1 (B2F.SG) +0.9% at almost 3-week high of $2.18 as 2Q10 results, expectations of company benefiting from Singapore’s upcoming high-speed national broadband network supportive, according to Dow Jones.

M1 cut to Neutral by CIMB, keeps $2.26 target

May 19th, 2010 | No Comments

CIMB has downgraded M1 (B2F.SG) to Neutral from Trading Buy on view potential for special dividends, boost to business from Singapore’s next-generation national broadband network, level playing field for pay-TV market already largely priced in, according to Dow Jones. Keeps target price at $2.26.

SingTelâ€™s Optus float depends on Australiaâ€™s NBN, Review says

January 15th, 2010 | No Comments

Singapore Telecommunications is waiting to see what role its Optus unit takes in Australia’s national broadband network before proceeding with a partial float of the business, the Australian Financial Review said.

Aztech launches GPON200E4 optical network terminal with 1Gbps speed

December 4th, 2009 | No Comments

Aztech Technologies, the homegrown manufacturer of broadband and home networking equipment, has launched the Aztech GPON200E4, an optical network terminal which supports fibre-to-the-home (FTTH) networks with 1Gbps download speed and four Gigabit Ethernet LAN ports.

Optical fibre access networks is set to replace copper wire networks in Singapore’s Next-Generation National Broadband Network enabling consumers to play HD video, voice and data across networks at ultra high-speed.

“Besides our home ground in Singapore, we are also targeting global telecom companies and Internet Service Providers (ISPs) that support FTTH deployment, ” says Michael Mun, Group CEO and President of Aztech.

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Australian opposition seeks delay of Telstra laws

October 20th, 2009 | No Comments

Australia’s opposition Liberal- National coalition will seek to delay a bill that may force the breakup of Telstra Corp. until a government study on a proposed A$43 billion ($55 billion) Internet network is completed.

The study on the National Broadband Network isn’t expected to be completed until Feb. 2010 and the legislation should be considered after its findings are known, Senator Nick Minchin, the opposition leader in the upper house, said today.

Posts Tagged ‘national broadband network’

Starhub target raised to $2.25 by Nomura; Keeps Reduce

Starhub cut to Sell by Goldman Sachs; Ups target

M1 +0.9%, outperforms peers; CIMBâ€™s top telco pick

Starhub lifted to Hold by Citi; Target raised to $2.45

Starhub target raised to $2.97 vs $2.62 by Macquarie

Starhub target raised to $2.41 by Phillip Securities

Starhub rated ‘hold’ by Phillip Securities

SingTel down 0.3%; Likely rangebound near-term: Deutsche

Starhub flat; Dividend yield supportive

M1 +0.9%; Broadband boost not priced in: Daiwa

M1 cut to Neutral by CIMB, keeps $2.26 target

SingTelâ€™s Optus float depends on Australiaâ€™s NBN, Review says

Aztech launches GPON200E4 optical network terminal with 1Gbps speed

Australian opposition seeks delay of Telstra laws

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