New Street Research - IHS Plc (IHS.LG) IHS Towers (Buy, TP: $8, +153%) What can the company do to crystallise value? Buy, pt US$ 8 from US$10

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New Street Research

Chris Hoare

EUR 9341.00 For Business Accounts Only

IHS Towers (Buy, TP: $8, +153%) What can the company do to crystallise value? Buy, pt US$ 8 from US$10

Given the exceptionally weak share price performance since IPO IHS has initiated a value crystallization programme. In this note we look at what the company can do.

17/04/2024 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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Chris Hoare

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IHS Towers (Buy, TP: $8, +153%) What can the company do to crystallise value? Buy, pt US$ 8 from US$10

IHS Towers (Buy, TP: $10, +161%) Feedback from small group call

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

GOOGL/AMZN/META: How much are they spending on AI Capex (v2.3)?

AMX(Buy, TP: $24, +24%) Televisa (Neutral, $3.5, +11%) Megacable (Neutral, MXN55, +9%) Mexican FTTH/Cable - Megacable to Neutral on Valuation, AMX top pick into Investor Day

Telenor (Buy, TP: NOK145, +14%) Q1 24: Good numbers, impressive FCF generation

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