Hot stock: StarHub declines as much as 8.1% after profit falls
Chelsea Ong
SHARES of StarHub fell as much as 8.1 per cent on Wednesday (Feb 8), after the telecommunications company reported a 98.4 per cent drop in net profit for the second half of the financial year on Tuesday night.
The telco shed as much as 8.1 per cent or S$0.09 to S$1.02 as at 10.31 am. By 11.35 am, the counter was down 7.2 per cent or S$0.08 to S$1.03. The last time StarHub closed near this level was Jan 13.
There were no married deals recorded, according to ShareInvestor data.
TRENDING NOW
Looking beyond looming CEO succession, should UOB potentially pursue a transformative merger?
Once staunchly pro-China, Malaysian Chinese businesses are now distancing themselves from Beijing
Family offices ‘kept captive’ by relationship managers turn to independent advisers, direct deals
MAS holds monetary policy settings, pausing after two straight tightenings