StarHub (SGX:CC3) Full Year 2023 Results

Key Financial Results

• Revenue: S$2.37b (up 2.0% from FY 2022).

• Net income: S$149.6m (up 176% from FY 2022).

• Profit margin: 6.3% (up from 2.3% in FY 2022). The increase in margin was primarily driven by lower expenses.

• EPS: S$0.082 (up from S$0.031 in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

StarHub EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.8%.

Looking ahead, revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Wireless Telecom industry in Asia.

Performance of the market in Singapore.

The company's shares are up 9.4% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 2 warning signs for StarHub that you need to be mindful of.

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