NT2 [BUY +36.9%] - Another fruitful year given signs of El Nino returning - Update
  • 2018-04-24T20:23:51
  • Company Research
We reiterate our BUY rating with 36.9% total return including a 9.4% dividend yield. We cut our target price by 4.7% due to a higher market risk premium in our DCF model. Q1 recurring NPAT was in line with our forecast and Q2 earnings will likely be solid due to hot weather.