SINGAPORE (Apr 29): Phillip Capital is upgrading Asian Pay Television Trust (APTT) to a “buy” with a revised target price of 15 cents from 16.5 cents previously.

The brokerage is basing its upgrade on APTT’s better-than-expected revenue, corrected share price of 23%, stable broadband revenue and stable losses in cable TV subscribers, as well as sustainable dividends.

Have a premium account? Sign in to continue reading.

Unlimited access to all stories from $99.9/year*

The latest reporting and analysis from business and investments to news and views on social issues.

Bonus:

  • Simultaneous logins across all devices
  • Instant access to past digital issues
  • Unlimited access to The Edge Malaysia
  • *For annual subscription plan only. T&Cs apply

Subscribe

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook