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StarHub ( (SG:CC3) ) has issued an announcement.
StarHub reported a weak first quarter of 2026, with service revenue down 3.9% year-on-year to S$445.7 million and total revenue falling 6.1%, as softer consumer mobile, broadband and entertainment segments outweighed gains in carrier, enterprise connectivity and cybersecurity services. Profitability deteriorated sharply, with EBITDA sliding 22.5% and net profit attributable to shareholders plunging 81.3% to S$5.9 million amid higher operating costs, depreciation and finance charges, prompting an intensified cost-optimisation drive and a structural reset focused on legacy decommissioning, network rationalisation and systems re-architecture.
The company highlighted continued orderbook growth in its regional enterprise and managed services businesses, as well as higher cybersecurity revenue on project timing, even as near-term results were hit by delayed recognitions. StarHub moved to strengthen its balance sheet by partially divesting its Ensign cybersecurity unit while retaining a 38.92% stake, unlocking cash and fair-value gains that bolster liquidity and leverage ratios, and underpinning its strategy to return to profitable growth, invest selectively in platforms and M&A, and reinforce its role as a critical information infrastructure provider.
The most recent analyst rating on (SG:CC3) stock is a Hold with a S$0.94 price target. To see the full list of analyst forecasts on StarHub stock, see the SG:CC3 Stock Forecast page.
More about StarHub
StarHub is a Singapore-based telecommunications and technology company offering mobile, broadband, entertainment and enterprise connectivity services, with a growing focus on regional digital infrastructure and cybersecurity solutions. It positions itself as a human-centric technology provider, targeting both consumer markets and large enterprise clients in areas such as managed services and critical information infrastructure.
Average Trading Volume: 2,346,018
Technical Sentiment Signal: Sell
Current Market Cap: S$1.8B
For a thorough assessment of CC3 stock, go to TipRanks’ Stock Analysis page.