Can it get any worse for StarHub? On 6 September, FTSE announced that Starhub will be booted out of Straits Times Index (STI) on 24 September. With this latest development, I fear the worst for StarHub share price.
In recent years, there had been a few cases of local blue chips suffering from terrible fate after being booted out of the prestigious STI. Examples are SIA Engineering and Noble Group. In this regard, is StarHub share price poised for another major correction? Should investors sell everything and run for their lives?
In this article, the dynamics of the local telco industry are examined and the outlook for StarHub share price is discussed.
Another wild ride for StarHub share price?
Drawing from recent cases, shareholders should brace themselves for another roller-coaster ride of StarHub share price. Shares of aviation heavyweight, SIA Engineering, went on a tailspin after being kicked ...
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