Report
EUR 9190.00
For Business Accounts Only
SITES1A (Reduce, TP: MXN17, -14%) Telesites/Opsimex - Q4 22: Small deal supporting Q4s
Telesites/Opsimex reported Q4s last night. Having acquired 958 towers in Q4 last year, we have seen another smaller deal this quarter (388, or 2% of total). As such, y/y trends are little hard to unpick but reported revenue and EBITDA growth continues to run at >20%. The stock has re-traced from its highs, having curiously chosen to outperform at the time of the Sitios spin. We still see a small amount of downside to fair value.
Provider
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.
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
Soomit Datta
Other Reports from New Street Research
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.