The group still expects EBITDA growth to lag revenue growth for a few quarters while, in Asia, the outlook for 2022 remains uncertain.
Short term, with zero EBITDA growth and with capex still at a high level, a dividend increase for 2022 should not be expected.
We maintain our Buy opinion because things could improve greatly in future in Asia with the major deals announced over the past year.
19 Jul 2022
It will take time before Asia recovers thanks to M&A
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
It will take time before Asia recovers thanks to M&A
- Published:
19 Jul 2022 -
Author:
Jean-Michel Salvador -
Pages:
3
The group still expects EBITDA growth to lag revenue growth for a few quarters while, in Asia, the outlook for 2022 remains uncertain.
Short term, with zero EBITDA growth and with capex still at a high level, a dividend increase for 2022 should not be expected.
We maintain our Buy opinion because things could improve greatly in future in Asia with the major deals announced over the past year.