StarHub May Benefit From Expected End of 'Dare+' Initiative This Year -- Market Talk

Dow Jones04-17

0736 GMT - StarHub stands to benefit from expected end of its 'Dare+' initiative, its five-year growth strategy, this year, Maybank Research analyst Hussaini Saifee says in a research note. Benefits should be visible from 2025 onward via lower capital spending, while the Singapore telecom company's operating expenditure should fall as costs of legacy platforms are eliminated, the analyst says. Investments made under this initiative should also lead to new enterprise revenue opportunities for StarHub, the analyst adds. Maybank forecasts StarHub's earnings to post 10% CAGR over 2023-2026, factoring in lower cost and capital-spending assumptions. It upgrades the stock's rating to buy from hold and raises the target to S$1.44 from S$1.10. Shares are 0.85% higher at S$1.19. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

April 17, 2024 03:36 ET (07:36 GMT)

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