Afterpay Touch - Refilling the tan after a good quarter

By Richard Coles

14 July 2020, 12:00 AM

Afterpay Touch (ASX:APT) produced another very strong quarter in 4Q20, delivering 46% sequential sales growth combined with relatively stable operating margins. APT's momentum continues to be highly impressive, but trading on 37x FY20 revenue, we see its valuation as fair and maintain our HOLD call.

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