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Credit Suisse, CGS-CIMB initiate coverage on NYSE-listed TDCX with bullish calls

The Edge Singapore
The Edge Singapore1/27/2022 12:16 PM GMT+08  • 2 min read
Credit Suisse, CGS-CIMB initiate coverage on NYSE-listed TDCX with bullish calls
TDCX was wrongly clubbed with other high growth stocks with negative profitability in the recent correction.
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Credit Suisse has initiated coverage on TDCX with an “outperform” call and US$24.50 target price.

The company, based in Singapore but listed recently on the New York Stock Exchange, provides so-called digital customer experience solutions.

The company was listed at US$18, raising some US$400 million from its IPO. It reached a peak of US$30 in late October and has since then dropped to US$12.16 as of Jan 26 in line with overall weakness in the US tech sector.

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