Preview: Citi sees strong half-year earnings, market share growth for Aussie Broadband

Aussie Broadband

11/02/2025 20:32

** Aussie Broadband  ABB.AX , internet services provider, to
report solid first-half earnings on the back of subscriber
growth, analysts at Citi write
    ** ABB, which had over 684,000 broadband connections as of
June 2024, could be looking at a market share of around 8% by
1H25-end, up from 7.6% at 1Q25-end - analysts
    ** Citi says ABB's "focus on customer service" will likely
ensure "subscriber growth and keep churn low"
    ** Its low-budget offering, Buddy Telco, has seen strong
growth in app downloads which is "encouraging" - Citi
    ** Brokerage bullish on ABB due to upbeat near-to-medium
term for market share growth
    ** Citi rates ABB "buy" with a price target of A$4.40
    ** Five of 10 analysts rate ABB "buy" or higher, and five
"hold"; their median PT is A$4.10, according to data compiled by
LSEG
    ** ABB reporting its 1H25 results on February 24
    ** Stock is up 14% this year, as of last close

 (Reporting by Sameer Manekar in Bengaluru)
 ((Sameer.Manekar@thomsonreuters.com;))