Elevator Pitch
I maintain my "Neutral" rating on Singapore-listed telecommunication services operator Starhub Ltd. (SRHBF) (SRHBY) [STH:SP].
Starhub's withdrawal of FY2020 guidance came as a negative surprise, and there is a potential risk that dividends could be cut. In addition, Singapore's fourth and newest mobile operator TPG Telecom (TPGTF) (TPPTY) has adopted a low-price strategy, which could increase the competitive intensity of the mobile services market.
On the flip side, bright spots for Starhub include the potential for further cost savings, strong growth prospects for its cyber-security