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Singtel, StarHub shares stumble after earnings misses

StarHub loses 12.1% to close at S$1.67; Singtel down 1.3%, ends at S$2.99

Published Fri, Feb 15, 2019 · 09:50 PM

Singapore

SHARES of StarHub and Singtel tumbled on Friday, a day after both telcos reported profit declines that missed consensus estimates in their latest financial results.

StarHub touched a low of S$1.66 at several points throughout the session, eventually closing at S$1.67 after it lost 12.1 per cent or 23 Singapore cents on volume of 20.6 million.