Singtel: IIFL recommends Add with TP $3.32. Cute leadership thru diversity. Note of telco’s exposure to long-term growth opportunities in Asia and Africa; dominant market position in many of its markets; and a 10% EPS CAGR over FY11-14.
Cite of strong long-term growth prospects, but near-term challenges in Singapore (NBN) and Australia (heightened competitive intensity in wireless). House earnings estimates are 4-7% above consensus.
No comments:
Post a Comment