NTT (Nippon Telegraph & Telephone) Watchlist
NTT (9432) - Salutary Earnings Salutary Buyback, More to Go
430 Views, 13 May 2022 18:30
- 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.