It’s been a tough environment for StarHub Limited (SGX: CC3) this year.
The telco’s shares have lost more than a fifth of their value since the beginning of 2022 as net profit tumbled year on year for its fiscal 2022’s third quarter (3Q2022) even as revenue climbed.
Its peer Singtel (SGX: Z74) had turned in a better report card, with underlying net profit inching up year on year for its latest fiscal half-year.
Singtel’s share price has also risen by 13.3% year to date.
Investors, however, can have faith in StarHub advancing on its long-term initiatives built on its DARE+ transformation.
Unveiled a year ago during the telco’s Investor Day 2021, this bold initiative seeks to revitalise growth and result in cost savings for the group.
A year on, StarHub is reviewing its DARE+ progress and also pinning down its targets for 2023.
The good news is that the telco had raised its final dividend for fiscal 2021 (FY2021), so investors may be...