Kankine like it. NetComm Wireless Ltd [IMG] NTC Details Strong...

Kankine like it.

NetComm Wireless Ltd

NTC Details

Strong 1H 2018 performance and expects better 2H 2018: For 1H 2018, NetComm Wireless Ltd (ASX: NTC) delivered 89% growth in group revenue to $88.6 million, EBITDA up 13 times to $9.2 million and NPAT rose to $3.7 million, compared to prior period loss of $(1.7) million. Moreover, in 1H 2018, NTC has received large orders for nbn FTTC, delivered fixed wireless devices to AT&T and signed additional contract with nbn for Network Connecting Devices. The company is also progressing discussions with Tier 1 Carriers globally. Additionally, NTC expects to continue to deliver strong revenue and EBITDA growth over the remainder of FY18 as key contracts are further rolled out. Therefore, NTC stock has risen 18.67% in three months as on February 27, 2018; and is still at a reasonable level. Based on the foregoing, we give a “Buy” recommendation on the stock at the current price of $1.43


NTC Daily Chart (Source: Thomson Reuters)