Wednesday, May 10, 2006

Stock Earnings Preview: Starhub 1st result!

StarHub will release its first-quarter results today. Analysts surveyed by XFN-Asia forecast first-quarter net profit in a range of 63-73 mln sgd, against 30.4 mln the year before. StarHub is also expected to announce a hefty payout to shareholders via a capital management exercise. Citigroup, which forecasts StarHub's net profit at 69 mln sgd, estimates that 560-850 mln will be returned to shareholders, equivalent to 0.26-0.40 sgd per share.

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