NTT (Nippon Telegraph & Telephone)

NTT (9432) - Salutary Earnings Salutary Buyback, More to Go

Event-Driven
430 Views, 13 May 2022 18:30
EXECUTIVE SUMMARY
  • The three Japanese telecoms reported earnings this week. Softbank Corp (9434 JP) was disappointing (and slightly confusing). KDDI Corp (9433 JP) was much of a muchness.
  • NTT (Nippon Telegraph & Telephone) (9432 JP)  looked the best, and announced the largest buyback - ¥400bn or 3%. But it comes from a government sale, not the market. 
  • Nevertheless, the company is doing what it promised and executing on its promise. And despite the "bullishness" in the revenue forecast, earnings forecasts to March 2023 look conservative.
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Travis Lundy
Pan-Asia Catalysts/Events
Quiddity Advisors
Japan & Hong KongEquitiesEvent-DrivenQuantitative Analysis

HK Type 4 license through Ballingal Investment Advisors Ltd. ("BIA" or "BIAL") BACKGROUND I have 20+yrs experience in A... 

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