Arab Today, arab today stc stock\s target price put at sr 548
Last Updated : GMT 12:14:13
Arab Today, arab today
Arab Today, arab today

STC stock\'s target price put at SR 54.8

Arab Today, arab today

Arab Today, arab today STC stock\'s target price put at SR 54.8

Riyadh - Arabstoday

A specialized financial report foresees Saudi Telecom Company (STC) stock’s 12-month target price at SR 54.8, yielding a potential upside of 36.9 percent, based on its strong financial performance for the 2012 fiscal year, spurred by the company’s focus on development in the local market, especially in broadband services. The report also pointed out the company’s operational efficiency and expansion policy, which provides an opportunity to capture added value in the long run. The report, commissioned by Aljazira Capital – the investment arm of Bank AlJazira, estimated the dividend at SR 2.0 per share by the end of the 2012 fiscal year, resulting in a dividend yield of about 5 percent compared to the current price per share. According to the report, STC’s commitment to employing the latest technologies such as fiber optics will enhance the company’s competitiveness in broadband, and consequently increase revenues from wireless broadband data exchange services by 88 percent during the second quarter of 2012, compared to the same period from last year. The report added that the growth of services in the data sharing sector will continue to be the main factor in the development of STC’s operations in the mid and long runs, taking into consideration the company’s continuous efforts to introduce innovative solutions, which resulted in increasing the number of its customers by more than 200 percent. The report also predicted that STC will continue to post revenues from its international operations, referring to the growth in the company’s international revenue by 57 percent in Q2 2012, compared to the same period from last year, as result of a larger customer base, and expansion of the company’s networks in Indonesia and South Africa, in addition to successful operations of its regional subsidiaries like Viva Kuwait and Viva Bahrain. Aljazira Capital, a Saudi Closed Joint Stock company operating under the regulatory supervision of the Capital Market Authority, is specialized in securities business providing the services of dealing, underwriting, managing, arranging, advisory, and custody. Aljazira Capital operates under the supervision of a Shariah Supervisory Board. From : Arabnews

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today stc stock\s target price put at sr 548 Arab Today, arab today stc stock\s target price put at sr 548

 



Arab Today, arab today
Arab Today, arab today Mohamed Bahari prepares new collection for spring 2017

GMT 06:15 2017 Monday ,27 February

Mohamed Bahari prepares new collection for spring 2017
Arab Today, arab today As Olympics loom, China plunges into snow biz

GMT 10:08 2017 Tuesday ,28 February

As Olympics loom, China plunges into snow biz
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today UN envoy sets out framework

GMT 07:25 2017 Monday ,27 February

UN envoy sets out framework
Arab Today, arab today Kalam Nawaem made a difference in social issues

GMT 06:43 2017 Tuesday ,28 February

Kalam Nawaem made a difference in social issues
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Parliament considers solutions to overpopulation

GMT 20:27 2017 Monday ,27 February

Parliament considers solutions to overpopulation
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Aspires present the story of Egypt’s first president

GMT 06:18 2017 Sunday ,26 February

Aspires present the story of Egypt’s first president
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 06:42 2017 Saturday ,25 February

Reasons for the delay 'On the Stairs of Servants'

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 10:51 2017 Saturday ,25 February

Pigs with edited genes show resistance

GMT 18:28 2017 Saturday ,25 February

Tourist guide explains types of tourism

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 06:28 2017 Tuesday ,28 February

Dumbphones survive rise of the smartphone

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday