StarHub Ltd

CC3: XSES (SGP)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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StarHub Longing for Some Mobile Market Repair

Dan Baker

May 20, 2026

Business Strategy and Outlook

Stronger competition in the mobile market, secular decline in the linear pay-TV market, and the move to the National Broadband Network have driven excess returns for StarHub lower, and we believe it has no moat.

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StarHub Ltd

StarHub Longing for Some Mobile Market Repair

Business Strategy and Outlook

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