For 3QFY2022, distribution was maintained at 0.25 cents per unit. The analyst raised his FY2023 distribution by 5% to 1.05 cents, paid half yearly. “Broadband enjoyed healthy 11% revenue growth, but weakness in basic cable dragged group revenue to fall 6% year-on-year,” says Chew.
PhillipCapital analyst Paul Chew has maintained his “buy” call for Asian Pay Television Trust (APTT) with a lower target price (TP) of 13 cents from 15 cents previously.
In his report dated Nov 21, Chew says APTT’s earnings for the 3QFY2022 ended Sept 30 were below expectations due to the 5% weakness in the Taiwan dollar, with year-to-date (ytd) revenue and ebitda forming 73% and 71% of his FY2022 estimates.
