Starhub share price enjoying sunshine after the rain?
Is it sunshine after the rain for Starhub share price or is it yet another false dawn in the making? From a high of $4.20 in 2015, Starhub share price went on a devastating run to languish at current $1.70 level. Only the recent appointment of new CEO, Peter Kaliaropoulos halted the stunning decline of Starhub share price.
The collapse of StarHub share price certainly caused massive wealth destruction for many shareholders. Whether this counter can stage a magical recovery is a big question mark as StarHub share price reflected not just the broad sell-down in the current Singapore stock market (StarHub is an STI component), but also mirrored its declining business fundamentals.
The carnage of StarHub share price is attributed to the triple whammies of StarHub losing popular channel for its Pay TV, fierce competition from NetFlix and entry of new MVNO players. And to top it off, the fourth telco player, TPG Telecom, has not even started business yet. No wonder investors are spooked by the prospect of Starhub.
Given the current StarHub share price, the dividend yield is at an alluring 9.36%. In view of this, is StarHub shares a value trap or dividend gem? Are there any dark forces behind the meltdown of StarHub share price?
Crisis in the making?
From a high of 3600 in April 2018, STI Index had retreated to the current 3300 level. Similarly, Starhub share price declined from $2.30 to $1.70 within the same period. With a decline of such magnitude, even if annual dividends are factored in, those who bought at the peak of StarHub share price would have lost their pants.
In June 2018, StarHub share price crashed when the telco announced [This is a premium article. The rest of the content is blocked and can be accessible by SG Wealth Builder Members only. To read the full content, please sign up as member.]
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