NPPXF - NTT: New Growth Business And Share Buybacks Draw Attention
2024-01-26 01:07:15 ET
Summary
- I am of the view that NTT Corporation's JPY4 trillion EBITDA target for FY 2027 is achievable, considering its efforts to support its new growth businesses like IOWN.
- The company has been repurchasing its own shares at a faster-than-expected pace, which implies an commitment to rewarding shareholders and a belief in the undervaluation of its stock.
- My decision is to retain a Buy rating for NTT Corporation after evaluating the company's recent share repurchases and its latest partnership announcement.
Elevator Pitch
Nippon Telegraph and Telephone Corporation ( OTCPK:NPPXF ) [9432:JP] or NTT Corporation is rated as a Buy....
NTT: New Growth Business And Share Buybacks Draw Attention