The Business Times
business-time-50
SUBSCRIBERS

Hot stock: StarHub declines as much as 8.1% after profit falls 

google-preferred-sourceAdd BT as a preferred source

Chelsea Ong

Published Wed, Feb 8, 2023 · 11:25 AM
    • The share price decline comes after the company on Tuesday reported a 98.4% year-on-year decline in net profit to S$1.3 million.
    • The share price decline comes after the company on Tuesday reported a 98.4% year-on-year decline in net profit to S$1.3 million. PHOTO: STARHUB

    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.

    Singapore StocksStarHubHot Stock

    TRENDING NOW

    The Monetary Authority of Singapore said it is following up with the three Singapore entities to reinforce its expectations of conduct and compliance.

    Tiger Brokers, Moomoo, Longbridge Singapore units ‘financially independent’ amid China crackdown: MAS

    The departure of food manufacturing operations from Singapore may not necessarily be reason for concern.

    Yeo’s, Tiger Beer and now Gardenia – flight of food manufacturing from Singapore might be just as planned

    KSL's Khoo Lee Feng says it is "not so much what you study, but how you learn".

    Johor property old hand KSL readies family handover amid market boom

    Nuclear power “is very much back in the conversation” in Asia, say industry observers.

    As India and China surge ahead with nuclear energy, all eyes on Asean’s next move

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More