SE 4Q24 Results: Growth Remains Resilient Across the Board in 2025
What’s new: SE’s reported 4Q24 results that were above consensus and our expectations. All major business segments could remain resilient, while margins could further improve in 2025 partly driven by a more rational market environment. We up our PT from USD130 to USD160 on improving outlook. Our revised PT of USD160 implies 3.9x FY25E EV/Rev. We maintain our BUY rating.Analysts:
Jin Yoon
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.
New Street Research is an independent, partner-owned, research firm specialising in equity and debt research. Our equity research embraces the following sectors:
- Pan European Telecom Services and Cable
- US Telecoms, Cable, Satellite and Towers
- Global Emerging Market Telecoms
- Japan Telecoms
- Asian Internet
- Pan European Healthcare
- Global healthcare thematic research
We provide debt research on:
- Pan European Telecom Services and Cable
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