Tuas Bull Sees Earnings Risks to the Upside -- Market Talk

Dow Jones

2025/12/02

0353 GMT - Tuas's bull at Citi sees earnings risks tilted toward the upside after the Singapore-focused telecommunications provider's stronger-than-expected 1Q update. Analyst William Park tells clients in a note that growth in both mobile and broadband subscriptions for the three months through October exceeded expectations, helped by brand awareness stemming from Tuas's acquisition of M1. A high proportion of these new users could be switching from providers other than M1, he adds. At the same time, Park points out that underlying margins are expanding. Park keeps his forecasts largely unchanged for now but sees potential for beats, not least with meaningful synergies to come from M1. Citi maintains a buy rating and A$9.95 target price on the stock, which is down 1.8% at A$6.68. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

December 01, 2025 22:53 ET (03:53 GMT)

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Analyst William Park tells clients in a note that growth in both mobile and broadband subscriptions for the three months through October exceeded expectations, helped by brand awareness stemming from Tuas's acquisition of M1. A high proportion of these new users could be switching from providers other than M1, he adds. At the same time, Park points out that underlying margins are expanding. Park keeps his forecasts largely unchanged for now but sees potential for beats, not least with meaningful synergies to come from M1. Citi maintains a buy rating and A$9.95 target price on the stock, which is down 1.8% at A$6.68. (stuart.condie@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  December 01, 2025 22:53 ET (03:53 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7042","symbol_name":"綜合電信業務","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2588721085","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2588721085","pubTimestamp":1764647580,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0353 GMT - Tuas's bull at Citi sees earnings risks tilted toward the upside after the Singapore-focused telecommunications provider's stronger-than-expected 1Q update. Analyst William Park tells clients in a note that growth in both mobile and broadband subscriptions for the three months through October exceeded expectations, helped by brand awareness stemming from Tuas's acquisition of M1. A high proportion of these new users could be switching from providers other than M1, he adds. At the same time, Park points out that underlying margins are expanding. Park keeps his forecasts largely unchanged for now but sees potential for beats, not least with meaningful synergies to come from M1. Citi maintains a buy rating and A$9.95 target price on the stock, which is down 1.8% at A$6.68. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7042":"综合电信业务","TUA.AU":"TUAS LTD"},"translate_title":"大士牛市认为盈利风险上行——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TUA.AU":0.9},"content_text":"0353 GMT - Tuas's bull at Citi sees earnings risks tilted toward the upside after the Singapore-focused telecommunications provider's stronger-than-expected 1Q update. Analyst William Park tells clients in a note that growth in both mobile and broadband subscriptions for the three months through October exceeded expectations, helped by brand awareness stemming from Tuas's acquisition of M1. A high proportion of these new users could be switching from providers other than M1, he adds. At the same time, Park points out that underlying margins are expanding. Park keeps his forecasts largely unchanged for now but sees potential for beats, not least with meaningful synergies to come from M1. Citi maintains a buy rating and A$9.95 target price on the stock, which is down 1.8% at A$6.68. (stuart.condie@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  December 01, 2025 22:53 ET (03:53 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}