TeleChoice International

TeleChoice International: CIMB has an unrated report out in the afternoon yesterday, citing that the company may be on track for a strong recovery in profitability in FY16. TeleChoice is also seeking to tap on regional markets to expand its engineering division, in particular Vietnam and Myanmar. It already has certain presence in Vietnam, and CIMB reckons that TeleChoice can leverage its parent company (ST Telecom) to partner Ooredoo in providing services for the Myanmar market. The house reckons that these potential growth in earnings is not currently reflected in its share price, estimated to have a fair value of 33¢, supported by a 6.4% dividend yield.