Cash FlowStarHub generated strong free cash flows of S$101mn in 1H24, with operating cash flow almost doubling from S$98.4mn to S$194mn in the same period.
CybersecurityThe cybersecurity venture is a profitable business with potential to grow at a compound annual growth rate of 21% over 2024-2026, led by Ensign.
EarningsAnalyst maintains a BUY rating with an unchanged target price of SGD1.54, supported by a projected 10% earnings compound annual growth rate over FY24F-26F and an attractive 6.8% yield in FY25F.