On 6 Feb 2016, Starhub stock went south by 6.7% in line with announcements that the company would be slashing its dividends. Closing at $2.75, a level which investors have not seen for some time, the stock went north a little to close at $2.79 on 10 Feb 2016. Starhub stock is currently oversold and the price was back to the Nov 2016 level. Will Starhub stock price rise after a “knee jerk” reaction from investors? Or will Starhub price reflect, going forward, a more dynamic business landscape with the proliferation of various services providers over the internet as well as the arrival of the fourth telecom player in Singapore, TPG Telecom?
A day after Starhub’s stock price “southing”, on 7 Feb 2016, it was a “southing” of more magnitude (10% to be exact) for another stock, Best World stock. From around $0.30 a share in ......