3 reasons why StarHub margin guidance is "too conservative"

Which led Maybank to raise FY13-15 forecasts.

In its rating change report, Maybank Kim Eng said that: "We believe StarHub is being too conservative with its FY13 margin guidance of 31%, given that (1) it has consistently beaten its own guidance, (2) we do not expect the new 2013 iPhone to change the current state of the handset market, and (3) BPL odds have shifted back toward StarHub’s favour and should enable it to reverse Pay TV subscriber losses in 2H13."

This led the research firm to raise its FY13-15 forecasts by 2.5%/5%/7% respectively.

It also noted that it believes StarHub "can do better, especially if iPhone 5S disappoints." The new StarHub CEO’s enterprise-oriented strategy to drive future growth and margins has also been cited as a good catalyst for its future performance.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia