Its goal for DARE+ is to double down on digital across everything StarHub does, accelerating value creation, realising growth without frontiers, and delivering an endless continuum of experiences that enrich customers’ lives.
UOB Kay Hian is reiterating its “buy” recommendation on local telco player StarHub with a target price of $1.41, as analysts Chong Lee Len and Llelleythan Tan believes that the group is set to reach an inflection point in 2H2024 and is reaching the tail end of its DARE+ investment programme.
To recap, StarHub had embark on a business transformation called DARE+ back in November 2021. With DARE+, StarHub intends to achieve sustainable revenue growth and potential growth in dividends, with superior product margins from the continued introduction of new 5G products and solutions; further operating cost savings through digitalisation and migration from legacy systems; and progressive declines in fixed cost through sustained evolution of operating models.
