Tuas to disrupt Singapore telco market under TPG founder's leadership - MS

Tuas

05/10/2023 01:39

** Analysts at Morgan Stanley label ASX-listed telco Tuas
 TUA.AX  as an 'early-stage telco disruptor' under the
leadership of David Teoh, current executive chairman of co
    ** Teoh is founder and former boss of Australia's
telecommunication major TPG Telecom  TPG.AX ; co's equity rose
around 500% from 2010-2020 under his leadership
    ** Brokerage thinks Teoh will adopt the same strategy of
aggressive pricing coupled with cost control
    ** Tuas is based in Singapore and currently only sells
mobile services and is expanding into broadband
    ** Morgan Stanley sees potential for co to expand further
across customers and regions
    ** Adds co is tracking ahead of expectations with ongoing
mobile subscriber growth 
    ** TUA currently up 0.5%
    ** TUA has risen 55.6% this year, as of last close

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