StarHub dropped from UOB Kay Hian’s alpha picks for Jan: Amended

SINGAPORE (Jan 10): UOB Kay Hian is dropping StarHub from its list of alpha picks for January after the stock’s “stellar performance” since its inclusion in Sept 2016.

UOB had included StarHub as a conviction “sell”, and the stock has duly fallen 17.6% against a 5.7% rise in the benchmark ST Index.

“Hence, we remove StarHub and replace it with DBS as we see its strong momentum continuing on the firm outlook of interest rates,” says UOB’s Singapore research team in a report on Tuesday.

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