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PhillipCapital's Chew raises target price for TeleChoice second time in two months

The Edge Singapore
The Edge Singapore • 3 min read
PhillipCapital's Chew raises target price for TeleChoice second time in two months
Telechoice has been undertaking share buybacks as high as 26.38 cents
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Paul Chew of PhillipCapital has kept his "buy" call on TeleChoice International after its 1QFY2026 results that were within expectations.

Now, citing the recent re-rating of SGX-listed proxies in the system integration sectors, Chew has applied a higher valuation multiple and has thus raised his target price to 33 cents from 27.5 cents.

This marks his second price target increase in two months after he raised it from 21.5 cents in March.

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