Sold all 1200 shares of Starhub @ $1.65.
As I mentioned in my August update, I felt growingly uncomfortable with Starhub. With the business focusing only in Singapore, it would be difficult for Starhub to find new areas for growth. It's mobile and pay TV business had been on a decline for some time. Without growth, the cost saving initiative by the new CEO might only stabilise its earnings at best. When competition heats up, there could be more surprise to the downside.
Yaruzi,
ReplyDeleteWhen a company or country focuses on "save more", its usually a sign of weakness or dark clouds ahead ;)
It’s like diet. Growing teenagers don’t need to do diet.
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