0015 GMT - Tuas's bulls at Morgan Stanley see a chance that the Singaporean mobile-network operator could beat their annual earnings forecast. MS analysts forecast fiscal 2025 Ebitda of S$61.4 million for Tuas, citing its high margins and aggressive pricing. Yet they tell clients in a note that, by annualizing first-quarter Ebitda of S$16.1 million and adjusting for growth, they don't think that S$70 million is out of the question. Tuas has beat their expectations going back to fiscal 2022, they add. They point out that data elsewhere indicates that Tuas is on track for 225,000-255,000 net service additions in fiscal 2025, ahead of their 199,000 forecast. MS has an overweight rating and A$6.70 target price on the stock, which is down 0.1% at A$6.125. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
January 16, 2025 19:15 ET (00:15 GMT)
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