6 stories mentioning SGX:CC3Updated 1h ago
Every FINWIRES story that references SGX:CC3, newest first.
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.
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.
StarHub (SGX:CC3) has an average rating of underweight and mean price target of SG$0.98, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
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.
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.
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.
