Looks like it it still not out of the wood yet and may likely retest $2.08 again.
Breaking down of $2.08 with high volume that may likely see it sliding further down towards $2.00 then $1.91.
Current trend is down trend.
Do exercise with great care.
Not a call to buy or sell.
Please do your own due diligence.
StarHub - looking through their financial nos, Net Income has been dropping from 370M of 2014 to 238m in 2017.
Dividend has been cut from 20 cents to 16 cents.
The latest 1Q 2018 result also shown a drop of 13% for the Net profit down from 72m to 63m.
Net profit is still dropping and not sure when will we be able to see a good improvement for the company to boost their Net income revenue!
Business Outlook:
➢ Revenue: Maintain service revenue to be 1% to 3% lower YoY
➢ Service EBITDA*: Expect service EBITDA margin to be between 27 - 29% after adoption of SFRS(I) 15
➢ CAPEX: Maintain cash capex to be about 11% of total revenue (excludes spectrum and building payments)
➢ Dividend: Declare an interim quarterly dividend of 4.0 cents per ordinary share for 1Q2018 Intend to pay a quarterly cash dividend of 4.0 cents per ordinary share for FY2018
*Service EBITDA refers to EBITDA less equipment margin (Sales of Equipment less Cost of Equipment)
Free Cash flow has also been drifting lower as reflected on the chart below:
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