SOUTHEAST ASIA’S top telco and Singapore’s second-biggest telco both announced their quarterly results this week.
Singapore Telecoms announced its 2Q10 results while StarHub released its 3Q09 results and both companies are under some pressure — SingTel from abroad and StarHub from its only market at home.
Still, the big positive surprise came from StarHub, whose share price has been under pressure since end-Sept. DBS Research in a note earlier this week says StarHub could rebound as it has raised its dividend guidance.