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Asia

StarHub, Keppel Confirm Talks for M1 Deal

StarHub (SGX:CC3) and Keppel (SGX:BN4) have confirmed talks for a potential deal involving telecommunications company M1, a subsidiary of Keppel, in separate filings to the Singapore stock exchange on Wednesday.Keppel's shares were up nearly 2% in Thursday's trade.They said the discussions were ongoing and there is no certainty or assurance that the talks would progress beyond the current stage.The companies' statements come in response to a recent report by The Business Times, which said the two companies were in talks, after Simba's proposed SG$1.4 billion acquisition of M1's telecom business fell through in May.After its H1 results, Keppel had said it continues to explore opportunities for consolidation with respect to M1, which was needed for Singapore's telco sector.

SGX:BN4SGX:CC3
Asia

StarHub Posts Five-Fold Jump in H1 Profit

StarHub (SGX:CC3) posted an attributable net profit of SG$255.6 million for the first half of 2026, compared with SG$47.9 million a year earlier.Earnings per share stood at SG$0.146, compared with SG$0.025 in the year-ago period, according to a Thursday Singapore Exchange filing.Revenue decreased 14% year over year to SG$969.7 million from SG$1.13 billion.The Singaporean telco declared an interim dividend of SG$0.030 per share, in line with its earlier outlook to distribute at least SG$0.060 per share for the full year.

SGX:CC3
Research

DBS Upgrades StarHub to Buy from Fully Valued; Adjusts Price Target to SG$1.40 from SG$0.94

StarHub (SGX:CC3) has an average rating of hold and mean price target of SG$1.03, according to analysts polled by FactSet.

SGX:CC3
Asia

Market Chatter: Singapore Telcos Complete 5G Migration Nationwide

All four Singapore mobile operators have achieved nationwide 5G standalone coverage, with customers now being migrated, though the transition pace remains varied, according to a Business Times report on Monday.M1 and StarHub (SGX:CC3) have already completed their transition, with the latter retiring its 5G non-standalone network, while M1 converted all sites to standalone, the report said.Singtel (SGX:Z74), on the other hand, did not give a retirement date, according to The Infocomm Media Development Authority (IMDA), as cited by the Business Times.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

^STISGX:CC3SGX:Z74
Asia

StarHub Names CEO-Designate

StarHub (SGX:CC3) named Matthew Rhys Williams as its chief executive officer designate, effective June 24, according to a same-day filing with the Singapore Exchange.Williams succeeded Nikhil Oommen Jacob Eapen, who will leave the role on Dec. 31, as part of the telecommunications company's leadership succession planning.

SGX:CC3
Tuas Scraps Deal to Acquire Singapore's M1
US Markets

Tuas Scraps Deal to Acquire Singapore's M1

Australian telecommunication company Tuas (ASX:TUA) terminated its plan to acquire Keppel's stake in Singaporean digital network operator M1 for SG$1.43 billion, according to a Friday release.The 2025 deal, made through Tuas' Singapore-based unit Simba Telecom, collapsed after several conditions were not met on the long-stop date of May 21, the release said.The development came days after Singapore's Infocomm Media Development Authority (IMDA) suspended its review of the planned acquisition after finding out that Simba may be using unauthorized radio frequency bands for mobile services.Keppel had previously said it has been working on plan B in case it retains its 83.9% ownership in M1."We have a 90-day plan to drive M1's efficiency, which we will activate with immediate effect. This would include reducing technology platform costs and network costs, using AI for automation, as well as product rationalization," the global asset manager said on May 18.With Tuas exiting the acquisition race, telecom operator StarHub (SGX:CC3) is likely to become a suitor for M1, while Singtel (SGX:Z74) may face more regulatory troubles in its potential bid for M1 due to its leading 44% share in the mobile market, Bloomberg News reported, citing its analyst Chris Muckensturm.Singtel's executive officer, Yuen Kuan Moon, said they "would definitely evaluate where the opportunities are" if they are able to be included in the consolidation, the report said.

ASX:TUASGX:CC3SGX:Z74
Research

Maybank Research Downgrades StarHub to Hold from Buy; Price Target is SG$1

StarHub (SGX:CC3) has an average rating of underweight and mean price target of SG$0.98, according to analysts polled by FactSet.

SGX:CC3
Asia

Singapore Shares Extend Gains Amid Positive US-Iran Talks

Singapore shares extended gains on Thursday, after the US president, Donald Trump, revealed that he held positive discussions with Iran, leading to a sharp decline in oil prices.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 4,932.89 and 4,958.05 throughout the day. It ended the session at 4,941.96, up 14.58 points or 0.3% compared to Wednesday's close.Earlier, Iran revealed it was reviewing a new US proposal to put an end of hostilities between the two nations.In economic news, Singapore's foreign exchange reserves rose to SG$544.1 billion in April from SG$541.7 billion in March, according to data from the Monetary Authority of Singapore.On the corporate front, shares of Coliwoo (SGX:W8W) surged nearly 7% at the close as its net profit attributable to equity holders jumped 44% in the fiscal first half ended March 31 to SG$13.4 million from SG$9.3 million a year earlier.AIMS APAC REIT's (SGX:O5RU) shares were up nearly 4% after its distribution per unit rose 2.6% in the fiscal year ended March 31 to SG$0.0985 from SG$0.096 a year earlier.Meanwhile, StarHub (SGX:CC3) reported 1% declined in its net attributable profit to shareholders plunged 81% in the first quarter of the year to SG$5.9 million from SG$31.8 million a year earlier.

^STISGX:CC3SGX:O5RUSGX:W8W8
Asia

StarHub's Net Attributable Profit Falls 81% in Q1

StarHub's (SGX:CC3) net attributable profit to shareholders plunged 81% in the first quarter of the year to SG$5.9 million from SG$31.8 million a year earlier, according to a Thursday filing with the Singapore Exchange.Revenue declined 6.1% year over year to SG$507.3 million from SG$540.5 million, mainly due to an across-the-board decline in services revenue.

SGX:CC3
Asia

StarHub Names Consumer Business Chief as Deputy CEO

StarHub (SGX:CC3) named Matt Rhys Williams as deputy chief executive officer, effective May 1, according to a Wednesday filing with the Singapore Exchange.Williams will concurrently continue in his role as chief of the consumer business group, the filing stated.

SGX:CC3

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