I have held starhub since 2009 and its been my best dividend counter ever! SH now trades near its one year high of 3.97, while the STI etf trades at 2.88... a far cry from its one year high of 3.26, mainly due to the 3 big banks still being depressed.
The threat of the 4th telco is real and is likely to occur (if I had to make a guess, maybe a probability of 80%), I do expect the 4th telco to fully roll out towards the end of 2017. The price war has gradually began and I expect M1/SH earnings to fall downwards of 20% within the next 3-5 years, with the core concern of whether past level of dividend payouts can be maintained.
Fundamentals wise, the market is pricing SH at a high valuation of 18 times earnings along with a dividend yield near ......