Shares & Derivatives
Goodbye Starhub, Hello M1. Nera and STXOSV
By Mr. IPO  •  October 17, 2012
As mentioned in my SRS post yesterday, i was contemplating a rebalancing of my position in Starhub.I tried to sell at 3.66 this morning but only managed to get out at 3.63 in the end as prices moved away from me.
Starhub has served me well. I have bought this counter when it was around $2.08 and it has risen by 86% at its highest but obviously i couldn't catch the top. At current price, the PE is more than 20x with a triple digit Price to book. The yield has also compressed to around 5.4%.(If i remember correctly). I decide to switch out of Starhub and move into M1 to continue having an exposure to the telecom sector. M1 is trading at lower PE of around 14x and with a cheaper P-B ratio as well.
I was actually contemplating selling 1 ...
...
Read the full article
By Mr. IPO
Mr. IPO graduated from NTU with a Bachelor in Accountancy (Honors) and started life as a lowly auditor. The audit experience not only polished up his accounting skills but also made him very skeptical about the financial records of companies. He always read the financial reports with a huge dose of salt ...
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance