Everytime feel starhub over priced and it hit new high
I think $4.xx the market still can accept..
The drop maybe some people taking profit
StarHub is overpriced. I believe it is mainly pushed up by yield hungry investors looking for stocks to park their $. Little did they know that the high dividend may end. Terry Clontz promised a minimum dividend just before he left SH. Neil Montefiore, finding it hard to grow the biz to maintain the minimum dividend promised by his predecessor, finally found a way...aggressive cost cutting. He started to trim headcount across all departments, cut their preferred partners' (those outside starhub shops) commission on new lines and recontract. Cut their (preferred partners) renovation and newspaper advertisement subsidy. Cut prepaid cards distribution commission, etc...
Neil has passed over the baton....
Moving forward, it would be very challenging for the new CEO as there is not much left to cut....