Last week, I have sold off StarHub from my stock portfolio with a profit gain of 50.9% including dividends collected over the years. I guess Telecommunication stocks are not as resilient as everyone think it is. MobileOne has fallen and so has StarHub.
Below are the reasons why I sold off StarHub:-
Over the last 5 years, this was the first time StarHub has reduced its dividend from 5 cents to 4 cents that was paid out in May. Moving forward, I believe StarHub will continue to reduce its dividends.
Cable TV No Longer the Trend
With the increasing popularity of online video streaming websites such as Netflix, it is threatening the pay TV service business.
Are you still a Hubber?
Gone are the days where if you subscribe to StarHub’s cable TV, mobile line and internet broadband, you get perks or discounts off your bill. It …