![]() That means that for $47.75 per month, I get unlimited minutes, 5GB of mobile data and 20 SMS messages. Let's set aside an extra dollar for the 20 SMS messages that I might send out a month. Incoming SMS messages are free and you can still send them by paying 5 cents for every SMS. The best thing about Singtel's SIM only-plans is that you are not forced to take up any SMS bundles. ![]() You then have the option to add SMS, talktime and additional data to suit your needs. Prices start at $20 per month for a basic 3GB mobile data package. Singtel's SIM-only plans are highly customisable and are my personal favourite. ![]() If you are buying an Apple product at its online store worth more than $500, there is a no-interest 12-month instalment plan if you pay with your Citibank credit card.įor non-Apple phones, some telcos have existing arrangements with banks such as Citibank, UOB and DBS to offer a similar 12-month instalment payment programme with zero interest. The good news is that instalment payments are readily available. Some might argue that they cannot afford the upfront $900 or $1,000 for premium handsets. These savings are almost enough to buy your next newfangled handset of choice. If your current monthly bill is about $80, you will save $40 every month or $960 over two years if you switch to a SIM-only plan. There are plenty of amazingly affordable Android phones from brands such as Xiaomi, Oppo, Huawei and Lenovo going for $250 to $500, so you don't really need to pay $1,000 for a phone when you can get a good-enough counterpart for less than half that price.Įven if you must have the next iPhone, going SIM-only still makes financial sense. We revised our estimates to reflect for 1Q14 earnings and maintain an “ Accumulate” rating with TP of S$4.50, implying 20.8x fwd PE.But this doesn't mean that new smartphone you've been eyeing is now out of reach. Pay TV and Broadband services will likely remain under competitive price pressure. StarHub continues to grow its fixed network services through expansion of its services and offerings in the enterprise space. Growth contribution from 4G pricing would be more visible in FY15F and beyond as existing customers were shielded from the price hike, prompted by the regulator IDA. Mobile growth would come from higher subscriber base and excess charges from higher data usage. We remain positive on StarHub on increasing mobile data revenue and fixed network services contributing to its growth. Risk factors would be mitigated by consumer inertia, supported by bundling offers, reliance on faster 4G speed and wide mobile network coverage. Perceived risks to the price hike include: 1) subscribers opt-out of the 4G speed boost, 2) increase in post-paid churn rate and 3) slower take-up of tiered data plans. Only new and recontracting subscribers would be impacted by the extra pricing on 4G. StarHub took the first lead by earlier announcing in April an additional pricing of S$2.14/mth for use of 4G services beginning Jun 2014. Management guided for a low single-digit range in service revenue and 32% EBITDA margin on service revenue. This result in a dilutive impact on post-paid ARPU at S$66/mth (1Q13: S$68/mth). Mobile revenue was mainly driven by increase in post-paid subscribers due to promotion of its SharePlus plans. On a positive note, broadband subscriber base continues to grow, adding 3K for the quarter. The sharp decline in broadband revenue was attributed to price competition, leading to a fall in broadband ARPU from S$45/mth in 1Q13 to S$39/mth. Net profits decline 7.7% y-y due to lower service revenue. Maintain " Accumulate”, with revised TP of S$4.50 Service revenue declined 1% y-y, 7% q-q at S$571m, due to a sharp drop in broadband revenue.ġQ14 Net profits decline 8% y-y, but gain 1% at S$84m on lower operating expenses for the quarter, as a result of lower traffic expenses and cost of equipment sold.
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