<WIRE> Tuas (ASX:TUA) Set To Shake Up Singapore's Telecom Sector Under TPG Founder's Leadership, Analysts Predict

Financial analysts at Morgan Stanley dubbed Tuas as an ‘early-stage telecom disruptor’ under the strategic leadership of current executive chair, David Teoh.

Teoh, the founder and former leader of Australia’s telecommunication giant, TPG Telecom, saw the company’s equity surge by an impressive 500% from 2010-2020 under his guidance.

It is believed that he will apply the same aggressive pricing strategy coupled with careful cost control in his role at Tuas.

Tuas, based in Singapore, currently sells only mobile services but is expanding into the lucrative broadband sector.

Morgan Stanley predicts potential for Tuas to augment further across a variety of customers and regions.

Furthermore, the company is exceeding expectations with continued growth in its mobile subscriber base.

In the stock market, Tuas' performance is promising with a 0.5% upswing.

It has escalated by 55.6% this year, up to the previous close.

Tuas is an early-stage telecom disruptor set to make a significant impact in the Singapore telecom market under the guidance of David Teoh, the founder and former boss of TPG Telecom.

View full chart on Save $30 on a Pro or Premium TradingView account

Save $30 on a Pro or Premium TradingView account

Supported by

<SPON> Trade share CFDs with Plus500

Global online trading services company, Plus500:

Plus500 trading platform allows you to trade shares from all popular markets such as USA, UK, Germany and more, with leverage and low spreads. Using our advanced trading tools, you can also control your profits and losses.

Plus500AU Pty Ltd, AFSL #417727 issued by Australian Securities and Investments Commission. Based in Sydney.


Subscribe to the newsletter

Receive whispers every day in your inbox.