Similarly, analysts Varun Ahuja and Syahda Chandra from Credit Suisse Research maintain their “buy” call, but have lowered their target price by 2% to US$15.75, as they roll forward their valuation by three months to end June 2024.
Analysts from three different brokerages are mixed on Singapore-based, NYSE-listed TDCX, following the company’s earnings results for the 1QFY2023 ended March 31, which presented a profit of US$20.5 million ($27.8 million).
Jonathan Woo from PhillipCapital Research has maintained his “buy” call, with a higher target price of US$9.19, as he says that TDCX’s 1QFY2023 revenue and patmi results at 23% and 25% were aligned with his expectations.
