Recent SGX Update : StarHub cut to ‘hold’ by OCBC; to re-engage near $3.50

SINGAPORE (June 10): OCBC Investment Research has cut StarHub to ‘hold’ from ‘buy’ on the back of the stock’s recent strong performance and advises investors to re-engage the stock closer to $3.50.

Since OCBC’s upgrade to “buy” on March 31, StarHub has risen to a high of $3.70, up 12% from $3.31. Taking into account the interim dividend of 5 cents per share declared for 1Q16, this represents a 13% increase in its stock price since end March. This means StarHub’s current share price has hit its fair value of $3.69.

More Update  – SGX   Stock Tips , SGX   Stock Picks  , Stock Signals Providers  ,  SGX   Stock Advice , Equity Investment Tips &  SGX   Stock Recommendation . . . . .

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