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TPM - Credit Suisse rates the stock as Underperform
BY BROKER NEWS - 21/04/2017 | VIEW MORE BROKER UPDATES

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TPM - TPG TELECOM LIMITED


Credit Suisse expects the company will be able to achieve its goal of 500,000 mobile subscribers, in order to break even on EBITDA. Its low-price services are expected to have a strong appeal at the low end of the pre-paid and data SIM market, where network quality is not a large consideration.

Nevertheless, the broker struggles to find where the next leg of growth will come from, suspecting 6-7% subscriber share will be difficult. Mobile being an expensive business means the broker finds few shortcuts for success. Underperform retained. Target falls to $5.25 from $5.50.

Sector: Telecommunication Services.

Target price is $5.25.Current Price is $6.06. Difference: ($0.81) - (brackets indicate current price is over target). If TPM meets the Credit Suisse target it will return approximately -15% (excluding dividends, fees and charges - negative figures indicate an expected loss).



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The content of this information does in no way reflect the opinions of FN Arena, or of its journalists. In fact we don't have any opinion about the stock market, its value, future direction or individual shares. FN Arena solely reports about what the main experts in the market note, believe and comment on. By doing so we believe we provide intelligent investors with a valuable tool that helps them in making up their own minds, reading market trends and getting a feel for what is happening beneath the surface. This document is provided for informational purposes only. It does not constitute an offer to sell or a solicitation to buy any security or other financial instrument. FN Arena employs very experienced journalists who base their work on information believed to be reliable and accurate, though no guarantee is given that the daily report is accurate or complete. Investors should contact their personal adviser before making any investment decision.

 

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