Raymond Chan, Head of Asian Desk, Retail at Morgans says he likes Telstra (TLS) for the following reasons:
“With T22 now upon us, Telstra’s investor day focused on aspirations for T25 (from financial year 2023 to financial year 2025) and they didn’t disappoint,” Raymond said.
“The crux of the investor day commentary is that the worst is now behind Telstra.
“Earnings bottomed in financial year 2020.
“Underlying earnings, and maybe even the dividend, are expected to grow at a reasonable pace over the next four years.
“We retain our ADD recommendation.
“Our target price increases from $4.34 to $4.44 on higher medium-term earnings,” Raymond concluded.
Source: Google
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