StarHub faces pressure from consumer segments, could benefit from consolidation: analysts

StarHub faces pressure from consumer segments, could benefit from consolidation: analysts

May 24, 2024 / Riah Marton /


STARHUB : CC3 0% posted a decent first-quarter net profit increase, but analysts have flagged that the company’s consumer business continues to face intense pressure, especially in the area of data roaming.

The telco’s net profit grew 8.1 per cent to S$40.1 million for the quarter ended Mar 31, 2024, while revenue dipped 0.1 per cent to S$545.4 million.

UOB Kay Hian (UOBKH) analyst Llelleythan Tan noted that revenue from the company’s consumer segments – comprising mobile, broadband and entertainment – declined across the board.

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Riah Marton

I'm Riah Marton, a dynamic journalist for Forbes40under40. I specialize in profiling emerging leaders and innovators, bringing their stories to life with compelling storytelling and keen analysis. I am dedicated to spotlighting tomorrow's influential figures.

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