Stock Name: Asian Pay Tv Tr
Company Name: ASIAN PAY TELEVISION TRUST
Company Name: ASIAN PAY TELEVISION TRUST
| Research House: DBS Vickers | Price Call: HOLD | Target Price: 0.91 |
SINGAPORE (Feb 25): DBS Vickers has downgraded Asian Pay Television Trust (APTT) to "hold" from "buy" as the stock has reached its price target of 91 cents.
APTT's average revenue per user (ARPU) in 2015 is likely to decline even though it is seeking to expand its network and subscriber base, according to DBS Vickers analyst Sachin Mittal.
"Its continued focus on adding subscribers means the premium cable and broadband ARPU could drop further in FY15, and subdue growth," he said in a note today.
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