CC3.SI
SGX50SESStarHub Ltd
Communication Services · Telecom Services · Singapore
StarHub Ltd engages in the operation and provision of telecommunications services and other businesses relating to the info-communications industry for individuals and businesses in Singapore. The company operates through two segments, Telecommunications and Cyber Security. It provides television subscription and broadcasting services; mobile telecommunications; broadband access; and security consultancy services, investment holding, information security systems integrator. The company also engages in computer systems integration, other professional, scientific, and technical activities; provision of data centre and business continuity services; provision of information security and network security surveillance services; sale of information technology security related products; distribution, sale, and servicing and rental of computer hardware, software, and related equipment, as well as provision of installation and maintenance services. In addition, it offers implementation of Information communication technology projects; system integration; supply and implementation of hardware and software solutions; maintenance services; petrol station retail solutions and fuel logistics management solutions; hospital information systems solutions; architecting ICT solutions and project management services into building complexes and infrastructure related projects; broadband internet access; and healthcare information technology products and services. The company was incorporated in 1998 and is headquartered in Singapore. StarHub Ltd operates as a subsidiary of Asia Mobile Holdings Pte. Ltd.
www.starhub.com ↗Shares trade at a moderate 20.8× trailing earnings, easing to 23.0× on forward estimates. Profitability shows a net margin of 3.7% and return on equity of 13.0%. Leverage is elevated at 2.7× net debt/EBITDA. Revenue grew -3.1% year-on-year. It yields 5.8% in dividends. The mean analyst target of SGD1.00 sits 4.0% below the current price (Hold, 10 analysts).
business model
StarHub is a Singapore integrated telecommunications and digital-services provider offering mobile, broadband, pay-TV/entertainment and enterprise solutions. It earns subscription and usage revenue from consumers and recurring service revenue from enterprise clients, and is undertaking a multi-year digital transformation (DARE+) to modernise its network and IT. It also owns cybersecurity firm Ensign InfoSecurity and regional broadband/enterprise businesses.
revenue segments
Revenue segments include Mobile, Broadband, Entertainment (pay-TV and streaming), and Enterprise Business (network solutions, cybersecurity via Ensign, and regional ICT), plus equipment sales. Enterprise and cybersecurity have become growth areas as legacy pay-TV declines.
key dependencies
It depends on mobile and broadband subscriber numbers and ARPU, spectrum and 5G network investment, the success and cost of the DARE+ transformation, enterprise and cybersecurity demand, and intense domestic price competition. Handset subsidies and content costs also affect margins.
competitors
Competes directly with Singtel and M1 (Keppel) plus the fourth entrant Simba (TPG Telecom) in mobile and broadband, and with global content platforms in entertainment and various ICT/security vendors in enterprise.
moat
Its advantages are an established nationwide network, a sizeable subscriber base with bundling across mobile, broadband and entertainment, and a differentiated cybersecurity arm (Ensign). Scale and spectrum holdings create barriers relative to new entrants.
risks
Risks include fierce price competition compressing ARPU, heavy capital expenditure and execution risk on DARE+ and 5G, structural decline in pay-TV, and rising content and energy costs. As the smaller of the incumbents it has less scale than Singtel.
Financials & metrics
as of 04 Jul 2026Tap any metric for an explanation.● provider● computedN/A not available from source
Dividends
This company does not currently pay a dividend.
Analyst assessment
as of 04 Jul 2026Aggregate consensus only. Named per-analyst targets require a premium source and are not shown; the data model is ready to hold them if one is added.