Broker Name: Maybank Research Pte Ltd
Date of Report: November 17, 2025

Excerpt from Maybank Research Pte Ltd report.

Report Summary

• StarHub’s 3Q25 earnings declined 29% YoY due to intense competition, especially from low-priced mobile plans, while the enterprise segment showed resilience and signs of recovery.
• Despite current weakness, Maybank maintains a BUY rating on StarHub, expecting industry competition to rationalise and cost savings initiatives to lift future earnings and dividend yields.

Above is an excerpt from a report by Maybank Research Pte Ltd. Clients of Maybank Research Pte Ltd can be the first to access the full report from the Maybank Research website : https://www.maybank-keresearch.com