Citi upbeat on Tuas' launching of 10Gbps bandwidth for enterprise market

Tuas

02/07/2024 19:42

** Analysts at Citi see Australia's Tuas  TUA.AX  at the
forefront to "take market share away from incumbents in
near-term", with the upcoming launch of 10Gbps in enterprise
market
    ** Brokerage adds even 1% of market share would mean 8%
revenue upside for co in FY25
    ** Adds, TUA's highly competitive pricing provides discount
to its peers
    ** Raises PT to A$5.25 apiece, retains "buy" rating
    ** Two of two analysts covering the stock rat it "buy" or
higher; their median PT is A$4.51 – LSEG data
    ** Stock has risen over 35% YTD, as of last close

 (Reporting by Rajasik Mukherjee in Bengaluru)
 ((Rajasik.Mukherjee@thomsonreuters.com;))