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Asian Pay TV a counter to watch as management likely to maintain DPU in FY21: PhillipCapital

Amala Balakrishner
Amala Balakrishner11/17/2020 03:52 PM GMT+08  • 2 min read
Asian Pay TV a counter to watch as management likely to maintain DPU in FY21: PhillipCapital
PhillipCapital is maintaining its “buy” call and target price of 15 cents on Asian Pay TV Trust.
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PhillipCapital is maintaining its “buy” call and target price of 15 cents on television services provider Asian Pay Television Trust (APTT).

This is expected to give the counter a total return of 36.8% from its 11.7 cent price on Nov 13, says analyst Paul Chew in a note.

“Our buy remains premised on a yield of 8.5% and sustainable operating cash flows,” he elaborates.

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