Buy @ $2.11. Add to my collection. Q409 results were out yesterday evening. EPS 4.33ct is quite bad but they are maintaining Div of 5ct/Q, even for 2010. Without looking at their financials in greater detail, I suspect the lower EPS may be chiefly due to higher Year End Bonus + Marketing Expenses (for iPhone and year end promo). Got to watch their next Q results closely. 😀
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The operator's fourth-quarter profitability was dented by a 20.2 per cent increase in cost of sales to $230.3 million as a result of higher equipment and services costs.An increase in handset subsidies due to the launch of Apple's coveted iPhone in December and festive promotions were cited as the key reasons for the spike.'Typically with phones sold in Singapore, we see a payback in two to six months. That is the case with the iPhone,' Mr Montefiore said at the results briefing yesterday…..Bingo!StarHub added 4,000 more cable television customers in Q4 despite having lost the English Premier League (EPL) broadcast rights for the next three seasons to arch-rival SingTel, ending the year with a tally of 539,000 customers. It previously said 10 per cent of its cable TV customer base could defect to the red camp as a result of the EPL loss