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Growth momentum may be on NeraTel's side, though not without limitations: Maybank

Michelle Zhu
Michelle Zhu11/20/2017 12:59 PM GMT+08  • 2 min read
Growth momentum may be on NeraTel's side, though not without limitations: Maybank
SINGAPORE (Nov 20): Maybank Kim Eng is positive on the growth prospects of Nera Telecommunications (NeraTel), an IT infrastructure provider with a 40-year track record primarily in the Asian and Middle East & North Africa (MENA) markets.
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SINGAPORE (Nov 20): Maybank Kim Eng is positive on the growth prospects of Nera Telecommunications (NeraTel), an IT infrastructure provider with a 40-year track record primarily in the Asian and Middle East & North Africa (MENA) markets.

At its last closing price of 37 cents, the stock is trading at 15 and 11 times 2017 and 2018 P/Es based on Bloomberg consensus, which forecast a two-year EPS CAGR of 77% by 2018.

In an unrated report on Monday, analyst Luis Hilado notes that current valuations follows the group’s business restructuring in 2016 when it sold its payments-solutions business, while 9M17 EBITDA and EPS formed 78% and 71% of Bloomberg’s full-year consensus estimates.

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