Report
Brian Han
EUR 101.80 For Business Accounts Only

TPG Telecom Soon To Be On Temptation Island?

Shares in narrow-moat TPG Telecom are now trading 10% above our AUD 6.00 fair value estimate, following a 26% rally since the release of its fiscal 2017 results in September last year. We do not attribute the recovery to any material changes in the operating fundamentals, with competitive dynamics in the telecom industry showing no signs of easing. Rather, fears of NBN’s margin-crunching impact and investor scepticism regarding the group’s concurrent mobile network forays in two countries appear...
Underlying
TPG Telecom Limited

TPG Telecom is a telecommunications company based in Australia. Co. has three operating segments: Consumer, which provides retail telecommunications services to residential and small business customers; Corporate, which provides telecommunications services to corporate, government, and wholesale customers; and iiNet, which provides telecommunications and technology services to residential and business 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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