Singtel chart dated 2 Feb 18

Singtel nears two-year lows, will it go lower? (2 Feb 18)

Dear all Singtel has breached below $3.50 on increased volume last Fri. This is significant as it has not closed below $3.50 since 4 Feb 2016. Volume has picked up significantly with the drop. Will Singtel go lower?   Singtel’s chart analysis Singtel has breached below its trading range $3.57 – 3.65 established between 18 Dec 2017 – 30 Jan 2018 on 31 Jan 2018. Volume has accompanied the fall by surging for the past four days and the volume of shares transacted for the past three days hit a daily volume of 49 – 51m shares per day. This […]

ernests-compilation-of-telco-performance-22-nov-16

Starhub – all time oversold, price near five year low (22 Nov 16)

Starhub has plunged 30.3% from an intraday high of $3.96 on 3 Aug 2016 to trade $2.76 today. This is near a five year low.   What has caused the sharp fall in Starhub? Some of the possible reasons may be 1. Market is pricing almost a 100% chance of a rate hike in Dec. Furthermore, there seems to be rising interest rate expectations on faster than expected tightening in 2017; 2. After IDA’s announcement on 16 Nov 2016 that MyRepublic and Australian telco TPG Telecom will get to participate in the 4G mobile airwave auction slated to complete by […]