StarHub Ltd. (CC3) - [Hold]:

Latest update as of 26/05/2017 @$2.70: 

• StarHub Ltd today announced an agreement to acquire a 51% stake in Accel Systems & Technologies Pte. Ltd. for a total consideration of S$19,380,000. 
• Accel Systems & Technologies (ASTL) is a cyber security consultant and solutions provider incorporated in Singapore. 
• Accel will operate as a standalone StarHub subsidiary and continue to be led by its current management team. In addition, its offerings will now be enhanced by StarHub’s cyber security COE. 
• The proposed acquisition will strengthen StarHub’s cyber security portfolio, giving it the in-house capabilities to be an end-to-end provider of cyber security solutions and services. 
• The acquisition will be paid in cash and funded using internal cash resources. It is expected to close by mid-June, subject to the fulfilment of mutually-agreed conditions. 
• For more details information, please refer to sources from:
  - s3-ap-southeast-1.amazonaws.com > STARHUB LTD > ANNOUNCEMENT.
  - starhub.com > StarHub to Acquire 51% Stake in Accel Systems & Technologies.
  - straitstimes.com > StarHub to buy majority stake in cyber security firm for S$19.4 million.

 
Latest update as of 07/02/2017 @$2.75:

• Analysts turn negative on Starhub. 
• After the announcement of Starhub to cut it's distributions per unit by 20% for FY17 as operating expenses for its main mobile business continue to climb, the price drop from $3.00 to $2.80 (06 Feb), with a drop of $0.20, and another drop of $0.05 on the next day, with closing price $2.75 (07 Feb).
• Below are the opinion of few different analyst on the Starhub target price:
  1. OCBC Investment Research’s analysts - $2.65 (Sell)
  2. Maybank Kim Eng's analysts - $2.49 (Sell)
  3. UBS’ analysts - $2.50 (Sell)
  4. Morgan Stanley’s analysts - $2.40 (Sell)

For details read up, please refer to sources from The Edge Markets. 

• Starhub as a telco company, which often seen as utility type of company as it provides essential services to the Singapore community. Together with it's local peers, Singapore Telecommunication Limited (Z74) and M1 Ltd (B2F), are often the favourites among dividend investors in Singapore.
• With the recent announcement of reducing quarterly dividend to $0.04 per share for 2017, this gives a huge deal for Starhub's investors.

For more details, please refer to sources from The Mootley Fool.