Report
Alastair Jones

New Street: TKG SJ (Buy, TP: ZAR56, +30%) Telkom Q122: Decent start to the year as EBITDA momentum continues

Telkom has updated the market on its Q122 performance which showed some encouraging trends, particularly at EBITDA. Although our FY22 expectations suggest revenue growth needs to accelerate in H2, this should be likely as the company faces easier comps and enterprise spend recovers.
Underlying
Provider
New Street Research
New Street Research

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Analysts
Alastair Jones

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