StarHub Daily

Since reaching its high, StarHub has been steadily sold down. It has been getting mixed reviews from the investment banks. The most conservative Philips Research, has upped its target to S$2.64. This target is inline with Macquarie Research S$2.60, JP Morgan S$2.71 to S$3.34, OCBC Research S$2.45, Citibank S$2.60 with the exception of Lehman Brothers S$2.10 target. Looks like Lehman might be right :)

Setting my sights a bit further, StarHub will be coming up with Captial Management in June, this effective might return a heafty sum to shareholders. Market talk is rumored from 10 cents to 25 cents per share. If this were to happen, be assured a good run up before the pay out.

My personal technical target for this stock is between S$2.41 to S$2.70 in the medium term. In the short term, in line with the global markets and SG market correction. SS$2.00 should be a strong support and likely to stay in range trading between S$2.00 to S$2.20.

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