First half operating earnings were slightly ahead of UBS estimates while revenue was slightly lower. The broker notes the company is on track to reach 85% of 5G population coverage in 10 Australian cities/regions by the end of the year.
UBS plans to review its forecasts and retains a Buy rating and $7.60 target at present.
Sector: 0.
Target price is $7.60.Current Price is $6.36. Difference: $1.24 – (brackets indicate current price is over target). If TPG meets the UBS target it will return approximately 16% (excluding dividends, fees and charges – negative figures indicate an expected loss).
