It’s still one of the heaviest freely traded (in its own market) share in the world, but scandal-wracked Nippon Telegraph & Telephone Corp’s shares are a shadow of their former selves, down at Y?1.68m, almost half its Y?3.2m peak, and dangerously near its Y?1.6m flotation price – and increasing competition for NTT means that even after the Recruit Cosmos scandal drops from the headlines, other considerations will limit upside potential for what began as Japan’s proudest privatisation.
NTT SHARES A SHADOW OF THEIR FORMER SELVES
