Shares to buy: Superloop Limited (SLC)
Posted on October 22, 2017
Superloop is designing, constructing and operating new dark fibre networks throughout the Asia Pacific metro region. The company is building critical core infrastructure for wholesale carriers and global content providers who require infinitely scalable and reliable connectivity…
Whilst it takes time to build networks, and for a period it seemed investors had gotten ahead of themselves with respect to SLC, the company appears to be turning the corner.
The last 12 months have seen strong sales in Singapore, completion of the HK network, expansion of the Australian network, a bolstered sales team, and a track record of solid sales growth.
The stock, like the broader market; hasn’t really done much recently. Subsequently, we’re looking at a 12-month timeframe (at least) on this one. Price target: $3.00