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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Tesco PLC    TSCO   GB0008847096

TESCO PLC

(TSCO)
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Delayed Quote. Delayed London Stock Exchange - 01/24 11:37:06 am
248.9 GBp   +2.43%
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Tesco : Shares jump as Tesco considers £7bn Asia sale

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12/10/2019 | 01:13am EST

SUPERMARKET giant Tesco could net around £7bn from the sale of its businesses in Malaysia and Thailand, according to analyst estimates.

The retailer announced on Sunday that it will launch a strategic review of options for the two Asian businesses, including a potential sale, after being approached by interested parties.

Investors welcomed reports that the company is mulling a sale, as Tesco's share price closed up 4.7 per cent to 243.1p yesterday.

In its interim results published in October, the grocer said its Thailand and Malaysia operations reported combined sales of £2.6bn, and operating profit of £171m.

Orsen Karnburisudthi, manager of Aberdeen New Thai Investment Trust, which has invested in Tesco's Lotus Retail Growth arm, said Tesco Thailand is "a trophy asset".

He added: "The strength of the franchise and long-term outlook for the economy means it will attract interest from both local conglomerates and from overseas."

(c) 2019 City A.M., source Newspaper

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Financials (GBP)
Sales 2020 64 427 M
EBIT 2020 2 971 M
Net income 2020 1 453 M
Debt 2020 12 108 M
Yield 2020 3,32%
P/E ratio 2020 16,6x
P/E ratio 2021 14,0x
EV / Sales2020 0,56x
EV / Sales2021 0,54x
Capitalization 24 231 M
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Technical analysis trends TESCO PLC
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 20
Average target price 277,23  GBp
Last Close Price 248,90  GBp
Spread / Highest target 26,6%
Spread / Average Target 11,4%
Spread / Lowest Target -11,6%
EPS Revisions
Managers
NameTitle
David John Lewis Group Chief Executive Officer & Director
John Murray Allan Non-Executive Chairman
Antony John Hoggett Chief Operations Officer
Alan James Harris Stewart Chief Financial Officer & Executive Director
Guus Dekkers Chief Technology Officer
Sector and Competitors
1st jan.Capitalization (M$)
TESCO PLC-2.47%31 671
SYSCO CORPORATION-2.28%42 160
WOOLWORTHS GROUP LIMITED13.22%34 964
AHOLD DELHAIZE N.V.0.67%26 871
KROGER-1.90%22 569
CP ALL PUBLIC COMPANY LIMITED--.--%21 601