TeleChoice’s personal communications solutions (PCS) business segment, which accounted for approximately 73% of its profit before tax (PBT) in the 1HFY2025, operates Malaysia’s Planet Telecom retail chain, manages StarHub Platinum Shops in Singapore, and is also a distributor for its prepaid card business.
Paul Chew of PhillipCapital has initiated coverage on communications player TeleChoice International with a “buy” call and a target price of 21.5 cents, based on expectations that the company, having recently turned around, is poised to maintain steady earnings growth.
After four years of losses, TeleChoice turned around with an adjusted net profit of $3.5 million in the FY2025, while 1HFY2025 earnings swung from a net loss of $600,000 to an adjusted patmi of $2.3 million. With the turnaround, the company exited the SGX Watchlist on July 17.
