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TAH - Credit Suisse rates the stock as Outperform
BY BROKER NEWS - 15/05/2018 | VIEW MORE BROKER UPDATES

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TAH - TABCORP HOLDINGS LIMITED


Victoria has announced that it will replace the existing state wagering tax with a point of consumption tax that catches all wagering operators in the country. This will come into effect of January 1, 2019. The point of consumption tax is set at 8%.

Credit Suisse regards this development as positive for Tabcorp. It increases the costs for competitors and, by FY20, may constrain marketing activities of competitors.

Credit Suisse maintains an Outperform rating and $5.20 target.

Sector: Consumer Services.

Target price is $5.20.Current Price is $4.55. Difference: $0.65 - (brackets indicate current price is over target). If TAH meets the Credit Suisse target it will return approximately 13% (excluding dividends, fees and charges - negative figures indicate an expected loss).



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The content of this information does in no way reflect the opinions of FN Arena, or of its journalists. In fact we don't have any opinion about the stock market, its value, future direction or individual shares. FN Arena solely reports about what the main experts in the market note, believe and comment on. By doing so we believe we provide intelligent investors with a valuable tool that helps them in making up their own minds, reading market trends and getting a feel for what is happening beneath the surface. This document is provided for informational purposes only. It does not constitute an offer to sell or a solicitation to buy any security or other financial instrument. FN Arena employs very experienced journalists who base their work on information believed to be reliable and accurate, though no guarantee is given that the daily report is accurate or complete. Investors should contact their personal adviser before making any investment decision.

 

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