Australia's Tuas rises; Morgan Stanley lifts FY26 EPS outlook on strong HY

Tuas

26/03/2026 01:25

** Telecom firm Tuas TUA.AX rises as much as 1.6% to A$6.30

** Morgan Stanley lifts FY26 EPS forecast by 14% on strong HY results; upgrades FY27 and FY28 EPS estimates by 11% and 2%, respectively

** Retains PT at A$10, reiterates "underweight"

** Co posts HY statutory profit attributable of S$8.2 million ($6.4 million) vs year-ago S$3 million

** Morgan Stanley says co sees wide range of incremental synergy opportunities if M1 acquisition completed

** Two analysts rate stock "buy" or higher; mean PT at A$10.79, per data compiled by LSEG

** YTD, TUA down 12%

($1 = S$1.2811)

 (Reporting by Keshav Singh Chundawat in Bengaluru)

 ((Keshav.singhchundawat@thomsonreuters.com))