Friday, 17 December 2010

Participating in the growth of the Asian economies: New Zealand Telecom

At the current price of USD 8.04, New Zealand Telecom seems an interesting investment. The yield is more than 5% and the price /earnings ratio around 13. The profit growth forecast for the year 2011 is higher than 10%. This company offers, in my view, the possibility of participating in the growth of the Asian economies at a moderate risk.


[Image by kevin.wailes under Creative Commons Attribution License. See the license terms under]