Home Capital Broker's Calls

Steady as she goes for NeraTel switches helmsman

Benjamin Cher
Benjamin Cher10/28/2016 10:54 AM GMT+08  • 1 min read
Steady as she goes for NeraTel switches helmsman
SINGAPORE (Oct 28): The resignation of Nera Telecommunications chief executive officer Samuel Ang has not shaken the confidence of UOB Kay Hian which is keeping its “buy” call with 83.5 cents target.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (Oct 28): The resignation of Nera Telecommunications chief executive officer Samuel Ang has not shaken the confidence of UOB Kay Hian which is keeping its “buy” call with 83.5 cents target.

In a Thursday note, analyst Edison Chen notes that the new acting CEO Beck Tong Hong was instrumental in driving results for the network infrastructure business.

Personal reasons behind Ang’s resignation and his staying on for another 18 months signals a peaceful transition, notes Chen.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now