VEON (Buy, TP: $65 from $40, +117%) Focus on Digital, Buy, PT to US$65/ADR
VEON is more exposed to a wider range of “beyond telco” assets than almost any other EM Telco. We deep dive on these, as well as assess the synergies from network separation/consolidation. As a result, our price target rises from US$ 40/ADR to US$ 65. VEON remains a top pick for us in Global EM.
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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