StarHub Ltd. (SGX:CC3) Lost 7000 People In Q2

StarHub Ltd. (SGX:CC3) Lost 7000 People In Q2

StarHub Ltd. (SGX:CC3) Lost 7000 People In Q2

  • StarHub loses 7,000 post-paid subscribers in Q2
  • This is due to the completion of enterprise projects.
  • The competition remains intense in the mobile business segment, resulting into StarHub losing 7,000 post-paid subscribers in the past quarter.
  • According to UOB Kay Hian analyst Jonathan Koh the decline was also due to the completion of enterprise projects. Whilst it lost subscribers, StarHub managed to see an increase in the average revenue per user (ARPU), inching up 4% QoQ to $70.

StarHub Ltd is a Singapore-based info-communications company. The Company engaged in operation and provision of telecommunications services and other businesses relating to the info-communications industry. The Company offers a range of information, communications and entertainment services for both consumer and corporate markets. It delivers Mobile, Pay television, Broadband, Fixed network services and equipment sales on an operationally integrated network. It operates a mobile network that provides fourth-generation (4G), third-generation (3G) and second-generation (2G) services. It also manages an islandwide Hybrid Fiber Coaxial (HFC) network that delivers television services and cable broadband services. The Company offers a range of home and business multimedia services and content.

Overall, the bias in prices is: Downwards.

Short term: Prices are moving.

Intermediate term: Prices are trending.

Note: this chart shows extraordinary price action to the downside.

By the way, prices are vulnerable to a correction towards 1.77.

The projected upper bound is: 1.68.

The projected lower bound is: 1.54.

The projected closing price is: 1.61.

STARHUB LTD closed down -0.024 at 1.612. Volume was -0% below average (neutral) and Bollinger Bands were 19% wider than normal.

Open      High      Low       Close      Volume
1.607      1.612      1.601      1.612      0

Technical Outlook
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bearish

Moving Averages: 10-period      50-period      200-period
Close:                       1.66                1.70                1.83
Volatility:                31                    25                   32
Volume:                   0                     0                      22

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.

Summary

STARHUB LTD gapped down today (bearish) on normal volume. Possibility of a Runaway Gap which usually signifies a continuation of the trend. Four types of price gaps exist – Common, Breakaway, Runaway, and Exhaustion. Gaps acts as support/resistance.
STARHUB LTD is currently 11.9% below its 200-period moving average and is in an downward trend. Volatility is high as compared to the average volatility over the last 10 periods. Our volume indicators reflect very strong flows of volume into RYT.SG (bullish). Our trend forecasting oscillators are currently bearish on RYT.SG and have had this outlook for the last 27 periods. The security price has set a new 14-period low while our momentum oscillator has not. This is a bullish divergence.

Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 31.3364. This is not an overbought or oversold reading. The last signal was a buy 1 period(s) ago.

Relative Strength Index (RSI)

The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 37.86. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 139 period(s) ago.

Commodity Channel Index (CCI)

The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is -161.This is an oversold reading. However, a signal isn’t generated until the indicator crosses above -100. The last signal was a sell 14 period(s) ago.

MACD

The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 7 period(s) ago.

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John Heffernan

John Heffernan is a Junior Analyst at HEFFX. John is studying Economics and is a contributor on equities at Live Trading News.

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