pstrongspan style="font-size:11pt; font-variant:normal; white-space:pre-wrap"span style="font-family:Arial,sans-serif"span style="color:#000000"span style="font-weight:700"span style="font-style:normal"span style="text-decoration:none"Alongside StarHub are Singtel and NetLink NBN Trust, averaging a 2.6% YTD total return.
StarHub leads Singapore's Telecommunication sector with an 8% gain year-to-date as of 5 April, attributable to its evolution from a traditional to a digital telco provider.
Moreover, the company achieved its DARE+ milestone of S$150m in net profit attributable to shareholders for FY23, demonstrating robust financial performance. Singtel's share price has experienced fluctuations amidst this speculation, with the ratio spread of the Singtel share price to the AUD/SGD currency pair reverting back to the mean after a temporary surge. Singtel's strategic asset recycling efforts in recent years have included partial divestments of international assets, showcasing its commitment to optimizing its portfolio.
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