I took up a pretty substantial short position for Starhub today at a price of $1.35. Starhub Limited is no stranger to most Singaporeans, as we probably use their services one way or another. At the peak of their share price, Starhub was trading at $4.13 back in 2014, but have since seen declining numbers to end the day where they are today at $1.34 due to massive competitions, evolving technology and erosion of quality services that it can offer to customers.
Business Divisions
Mobile Service Revenue fell 10% year on year due to the entry of competitions from the MVNOs across all segments of data usage, voice and IDD services. However, there are brighter scenes in the post-paid customer base numbers as they managed to grow this segment by 7% year on year. Prepaid numbers are down by 11% as customers tend to switch from one to post-paid....