Starhub fell 7% over the year, as investors fear of interest rates going up to as high as 4% in 2017. Currently it trades at around 20 times earnings with a dividend yield of 5%. I think its slightly overvalued, as its fair value is probably worth about 15 times earnings for this defensive blue chip. I wouldn't be looking to add more into this position and neither would I wanna sell unless I'm desperate for cash. The 5% yield still feels pretty comfortable for me to hold on to. Starhub has been my core position for 5 years and likely to continue so. Challenger fell 23% over the year, as first half earning took a dive due to the closure of its 3 Malaysia outlets. The retail industry as a whole has also been facing pressure from areas such as rising labor and rental costs. Meanwhile its closest rival ......