0230 GMT - Tuas's underlying Ebitda margin could have been as high as 46% over its past fiscal year, according to its bull at Citi. Analyst William Park reckons that the Singapore-focused telecommunications provider's fiscal 2025 earnings included S$1.4 million of potential one-off costs, which covered asset disposal and most likely its ongoing acquisition of M1. Stripping out these costs, he thinks that the underlying Ebitda margin was as high as 46%, compared with the 45% reported. He reckons that the Australia-listed company could continue to beat expectations on costs. Citi keeps a buy rating and A$9.95 target price on the stock. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
September 24, 2025 22:30 ET (02:30 GMT)
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