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Ring up global telecoms: Russia, Indonesia and the Philippines |
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| Apr 10, 2009 04:30 PM UTC |
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Tracked Blogger
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Via BloggingStocks:
Filed under: International markets, Russia, Newsletters, Stocks to Buy International expert Yiannis Mostrous has long been a fan of global telecom stocks as ways US investors to access emerging markets. In his The Silk Road Investor, he looks at favorite plays on Russia, Indonesia and the Philippines. "Philippine Long Distance Telephone (NYSE: PHI) reported solid 2008 results, with revenue rising 7% from 2007 levels to USD800 million. Profits were up 13% to US $200 million. "The wireless division was the star performer, generating an 8% revenue increase on strength in data services. The other positive development was that broadband revenues increased by 45% year-over-year to $227 million. Looking ahead, revenue growth for 2009 is forecast at 5%, with cellular and wireless broadband leading the way. Continue reading Ring up global telecoms: Russia, Indonesia and the Philippines Ring up global telecoms: Russia, Indonesia and the Philippines originally appeared on BloggingStocks on Fri, 10 Apr 2009 11:30:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments
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