New Street Research - VEON Ltd. Sponsored ADR (VEON) VEON (Buy, TP: $40, +57%) YTD update implies better trends in April

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New Street Research

Chris Hoare

EUR 9599.00 For Business Accounts Only

VEON (Buy, TP: $40, +57%) YTD update implies better trends in April

VEON disclosed its YTD trading update ahead of its AGM. Numbers imply a stronger April performance as Ukraine begins to recover and key markets like Pakistan and Kazakhstan maintained good momentum. Our brief thoughts below.

31/05/2024 1 EN

Underlying

VEON Ltd. Sponsored ADR

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US91822M1062 NASDAQ Stock Market United States

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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.

New Street Research is an independent, partner-owned, research firm specialising in equity and debt research. Our equity research embraces the following sectors:

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Chris Hoare

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VEON (Buy, TP: $40, +57%) YTD update implies better trends in April

VEON (Buy, TP: $65, +93%) Q3 24 Quick Take: Revenue in-line but EBITDA softer; Guidance cut

VEON (Buy, TP: $65 from $40, +117%) Focus on Digital, Buy, PT to US$65/ADR

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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