Starhub which is composed of a Strait Time Index (STI) From a Top of $4.20 in 2015, Starhub Stock price went on a disastrous run to settle at the current $1.70 level. With the appointment of a new CEO, Peter Kaliaropoulos halted the downfall of Starhub share price.
The Downfall of StarHub share price certainly caused large wealth destruction of many shareholders. Whether this share can retreat is a big question? as StarHub share price reflected not just the broad short selling in the current Singapore stock market, but also its declining business fundamentals.
StarHub Share Price fundamentals:
Given the current StarHub share price, the dividend yield is at a 9.36%. In view of this, is StarHub shares a valuation trap or dividend gem? Are there any financial shenanigans behind the downfall of StarHub share price?
StarHub Share Price Technical:
Looking at the Daily Technical Charts one can get that Starhub Share Price is:
->Already Bottomed out
->EMA-5 and EMA-20 Bullish Crossover
Traders/Investors looking to buy at this price can buy with Stoploss of 1.60
Starhub share price is almost near to lower of this year. It had taken bounce of 100+ points from this support. It may be a good opportunity for short-term traders. Remember to take a look on fundamental news of the company.