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StarHub share price crashed into wall
Since my last coverage, StarHub share price suffered a catastrophic meltdown, falling from $1.55 to the current $1.35 level within the span of only a month. The culprit is, of course, the disappointing 2QFY2019 financial results. Against the backdrop of the persistent bearish StarHub share price, the telco certainly looks like a company in crisis. When Starhub was booted out of the prestigious Straits Times Index (STI) in 2018 it was a harbinger of things to come. Fellow comrade, SIAEC, suffered similar fate back in 2017 and its share price went into tailspin. On this basis, I don’t see how StarHub share price can fight destiny as its mobile services business is solely entrenched in Singapore. The massive plunge of StarHub share price since 2015 would have inflicted plenty of heart pain