Australia's Tuas hits record high on bets of user adds, cost benefits

Tuas

04/12/2023 03:07

** Shares of Australia's Tuas  TUA.AX  rise as much as 10.6%
to a record A$2.93 
    ** Analysts at Morgan Stanley raise PT to A$3.15 from A$2.40
    ** Brokerage says AGM update of the mobile business operator
supports the view of net customer additions
    ** MS also views co's technology and cost advantage as the
major takeaways from the AGM
    ** TUA runs a highly efficient cost base supported by a
digital-led distribution strategy, word of mouth marketing and
lower corporate overheads - MS
    ** Stock up ~100% this year, as of last close

 (Reporting by Rishav Chatterjee)
 ((Rishav.Chatterjee@thomsonreuters.com;))