StarHub down 1.1% despite 3Q12 net profit +27%

StarHub is down 1.1% at $3.69 of despite reporting 3Q12 net profit rose 27% on-year to $96.2 million on higher pay-TV and Internet revenue. Despite some analysts saying the results were above expectations, expected broader market weakness will likely weigh. Analysts also cited concerns including pay-TV and the progress on monetising data. It may hug its recent S$3.60-S$3.70 range.