New Street Research - IHS Plc (IHS.LG) IHS Towers (Buy, TP: $10, +297%) Q4 23: Strong underlying performance; Margins expected to improve in 2024

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New Street Research

Chris Hoare

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IHS Towers (Buy, TP: $10, +297%) Q4 23: Strong underlying performance; Margins expected to improve in 2024

IHS Towers has reported another strong top line performance on an underlying basis with margins improving sequentially and YoY. The company has also provided FY24 guidance.

13/03/2024 1 EN

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IHS Plc

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New Street Research

Provided by our team of experienced analysts, our work is idea driven, based on independence of thought, sector expertise, and firmly focussed on fundamentals and valuation.

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Pan European Telecom Services and Cable

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Chris Hoare

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IHS Towers (Buy, TP: $10, +297%) Q4 23: Strong underlying performance; Margins expected to improve in 2024

IHS Towers (Buy, TP: $6, +140%) Q3 24: Solid quarter, lower capex guide; still waiting for the strategic review – Call feedback included

EM Towers Q2 CY24 review: Improving trends in China and Africa, Indonesia stable while Indus slowed

EMEA & African Telcos & Towers - High Yield Review – Initiate Coverage on Axian Telecom and Liquid Intelligent Technologies, plus VEON, IHS Towers & Helios

Alphabet (GOOGL, Buy, $213 target) Forget Chrome, 3P payments are the heart of the issue

SATS: DBS merger breaks

3Q24 Broadband Trends: FWA capacity limits; FWA demand limits

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