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StarHub ( (SG:CC3) ) has provided an update.
StarHub has obtained a favourable advance tax ruling from the Inland Revenue Authority of Singapore on its S$200 million 3.35% subordinated perpetual securities issued under its S$2 billion multicurrency debt issuance programme. The ruling allows the perpetual securities to be treated as debt securities for Singapore income tax purposes, meaning distributions, including any arrears and additional amounts, will be regarded as interest on indebtedness, which clarifies tax treatment for investors and supports StarHub’s funding flexibility by aligning the instrument’s tax profile with conventional debt.
The most recent analyst rating on (SG:CC3) stock is a Buy with a S$1.30 price target. To see the full list of analyst forecasts on StarHub stock, see the SG:CC3 Stock Forecast page.
More about StarHub
StarHub Ltd is a Singapore-based telecommunications and media company that provides mobile, broadband, pay-TV and enterprise services, operating primarily in the Singapore market under a capital-intensive, infrastructure-driven business model that frequently utilises debt instruments for funding.
Average Trading Volume: 869,633
Technical Sentiment Signal: Hold
Current Market Cap: S$1.96B
See more insights into CC3 stock on TipRanks’ Stock Analysis page.