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PhillipCapital's Chew raises target price for TeleChoice to 27.5 cents on growth prospects of mobile devices logistics

The Edge Singapore
The Edge Singapore  • 2 min read
PhillipCapital's Chew raises target price for TeleChoice to 27.5 cents on growth prospects of mobile devices logistics
Down the road, TeleChoice is mulling further expansion into new, higher-growth segments within the digital infrastructure, including data centres, says Chew
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TeleChoice International has reported FY2025 earnings inline with the expectations of Paul Chew of PhillipCapital. However, with growth momentum in its main mobile device distribution segment - named personal communication solutions, or PCS, and as it is managing to turn around its smaller managed services and network buildout segments, Chew has raised his target price for from 21.5 cents to 27.5 cents.

In the most recent year ended Dec 2025, Telechoice's revenue gained 27% y-o-y to $276 million, driven largely by the logistics management business the company undertakes for Malaysian operator U-Mobile. Adjusted patmi in the same period was up 20% y-o-y to $4.4 million, due to lumpy inventory provisioning.

To signal its appreciation for shareholders, TeleChoice plans to pay a final dividend of 0.45 cent, up from just 0.125 cent paid for the preceding FY2024.

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