StarHub share price has suffered an explosive loss of form in recent years, causing much heart pains for long-time investors. But the local telco is not going down without a good fight. In December last year, StarHub rolled out three contract-free SIM only plans (I would have signed up for the $50 SIM plan if not for the fact that I am still bound by contract to M1). Recently, redOne became the latest MVNO to lease network from StarHub, which currently boosts a total of three MVNOs.
Despite the above positive moves, the outlook for StarHub share price is grossly dim. Once the brightest star among the SGX counters, StarHub share price had lost its shine considerably. To rub salt into injury, StarHub was even booted out of the prestigious Straits Times Index (STI) in 2018. Fellow comrade, SIAEC, suffered similar fate back in 2017 and its share price went into tailspin.
As the telco war continues to unfold, I fear the worst for StarHub share price. Can StarHub CEO Peter Kaliaropoulos really lead the telco to the Promised Land or is it the last tango for StarHub share price? Make no mistake, the fourth telco has not even started operations yet StarHub share price already collapsed to such outrageous level. I cannot imagine the situation for StarHub share price once TPG Telecom ignites the battle.
StarHub share price in false dawn?
CEO Peter Kaliaropoulos started off his tenure with a bang by announcing a massive staff retrenchment as part of its overall “strategic transformation” that is expected to reduce costs by $210 million over three years from 2019. As a result, Starhub share price went into a frenzy, surging to a high of $2.00 towards the end of 2018.
StarHub share price was also given further boost on news of M1 being privatized. Many investors thought that the same will likely to happen for StarHub. But investors’ fantasy never materialized. Neither is there a consolidation in the market as Keppel, the major shareholder of M1, did not signal any intention to surrender the telco license of M1. StarHub investors were given a rude awakening. In the aftermath, StarHub share price crashed from $2.00 to the current $1.55.
Given the volatility of StarHub share price, investors must [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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