My take on Starhub

With an EPS 14.1cents and a historical payout ratio of 90%. dividend should be cut to 12.7cents. with a 6.5% yield, market price should be at S$1.95 

Do be even more conservative, if we stick to Singtel's payout of 75%. dividend should be at 10.6cents. with a 6.5% yield, market price should be at S$1.65. If the earnings maintain which by itself is a challenge.
 
With their debt level and profitability. I don't see how 12 cents can be sustained. Maybe for 1 or 2 years like currently by taking on more debts?Assuming a dividend of 11cents and a 7% yield, TP should be S$1.57. On hindsight, Starhub rebounded from S$1.58