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