Report
Brian Han
EUR 100.00 For Business Accounts Only

Investors Connect with Telstra as External Interferences Abate

Shares in Telstra are still at a 13% discount to our unchanged AUD 4.40 fair value estimate, despite rallying 38% since the start of 2019 (inclusive of dividend). The market finally appears willing to price in some turnaround potential in the narrow-moat-rated group, in stark contrast to a year ago when scepticism reigned supreme. It may also be a case of the tail wagging the dog, with the rising stock price feeding investors the sense that Telstra's intrinsic value is somehow improving.
Interna...
Underlying
Telstra Corporation Limited

Telstra is engaged in providing telecommunications and information services for domestic and international customers. Co.'s operating segments are Telstra Retail, Global Enterprise and Services, Telstra Operations, and Telstra Wholesale. As of June 30 2016, Co. provided retail fixed data services to 3.4 million customers, retail fixed voice services to 5.7 million and domestic retail mobile services to 17.2 million customers.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Brian Han

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