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    TPG   AU0000090128

TPG TELECOM LIMITED

(TPG)
  Report
Delayed Australian Stock Exchange  -  02:10 2022-07-06 am EDT
6.020 AUD   +0.84%
06/27UBS Adjusts TPG Telecom's Price Target to AU$6.90 From AU$7.10, Keeps at Buy
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06/22TRANSCRIPT : TPG Telecom Limited - Analyst/Investor Day
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05/09Deals of the day-Mergers and acquisitions
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Australian shares fall as recession risks dent investor appetite

05/08/2022 | 09:16pm EDT

May 9 (Reuters) - Australian shares fell on Monday, dragged lower by mining stocks, with investors globally maintaining a cautious stance over rate-hike worries and as tightening COVID-19 restrictions in Shanghai fuelled concerns about a possible recession.

The S&P/ASX 200 index was down 0.9% at 7,143.50, as of 0030 GMT. The benchmark ended 2.2% lower on Friday.

Chinese authorities reinforced the lockdown in Shanghai they imposed more than a month ago as part of their tough COVID-19 response policy that has hit economic activity.

On the domestic bourse, miners tracked lower iron ore prices and slumped 1.1% to lead the losses in the Australian benchmark index.

Sector heavyweights BHP Group, Rio Tinto and Fortescue Metals Group were down between 0.7% and 2.3%.

Financials lost 1.1%, while Westpac Banking Corp was one of the few gainers in the sub-index, rising 2.1%, after the country's third-largest bank forecast lower expenses in the second half with its cost-reset plan in full swing.

The remaining lenders of the "Big Four" banks slipped between 0.3% and 3.2%.

Technology stocks, which slumped 3.1%, were the top-percentage losers in the benchmark, while gold stocks retreated 1.2%.

Domestic energy stocks were up 0.6% after crude prices rose last week on supply concerns.

In other news, broadband services provider TPG Telecom Ltd said it will sell its passive mobile tower and rooftop infrastructure assets to Canada's OMERS Infrastructure Management Inc for A$950 million ($670 million). It was down 0.5%.

New Zealand's benchmark S&P/NZX 50 index fell 0.6% to 11,542.62.

Shares of Fonterra climbed 1.6% despite the dairy giant's decision to cut forecast range for the price it pays farmers for milk for the 2021/22 season as demand is hit by China's lockdowns, the Russia-Ukraine conflict, and an economic crisis in Sri Lanka.

(Reporting by Himanshi Akhand in Bengaluru; Editing by Sherry Jacob-Phillips)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
BHP GROUP LIMITED -5.60% 37.76 Delayed Quote.-3.61%
FONTERRA CO-OPERATIVE GROUP LIMITED -1.03% 2.87 End-of-day quote.-3.37%
FORTESCUE METALS GROUP LIMITED -4.85% 16.48 Delayed Quote.-9.84%
S&P GSCI CLASS III MILK (USD) -3.30% 164.6166 Real-time Quote.8.20%
S&P/ASX 200 -0.52% 6594.5 Real-time Quote.0.00%
TPG TELECOM LIMITED 0.84% 6.02 Delayed Quote.1.36%
US DOLLAR / RUSSIAN ROUBLE (USD/RUB) 1.62% 62.75 Delayed Quote.-24.94%
WESTPAC BANKING CORPORATION 0.92% 19.85 Delayed Quote.-7.87%
All news about TPG TELECOM LIMITED
06/27UBS Adjusts TPG Telecom's Price Target to AU$6.90 From AU$7.10, Keeps at Buy
MT
06/22TRANSCRIPT : TPG Telecom Limited - Analyst/Investor Day
CI
05/09Deals of the day-Mergers and acquisitions
RE
05/09OMERS Infrastructure Management Inc. agreed to acquire 100% of Mobile Tower and Roofto..
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05/09OMERS Infrastructure Management Inc. agreed to acquire Portfolio of Mobile Tower and Ro..
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05/08Australia's TPG Telecom to sell mobile tower assets for $670 million to cut debt
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05/08Australian shares fall as recession risks dent investor appetite
RE
05/08TPG Telecom to Sell Tower Assets to OMERS Infrastructure Management for $670 Million
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05/08Australia's TPG Telecom to sell mobile tower assets for $670 mln to cut debt
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05/08Australia's TPG Telecom to sell mobile tower assets for $670 mln
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Financials
Sales 2022 5 430 M 3 676 M 3 676 M
Net income 2022 169 M 115 M 115 M
Net Debt 2022 3 703 M 2 507 M 2 507 M
P/E ratio 2022 68,3x
Yield 2022 2,95%
Capitalization 11 100 M 7 515 M 7 515 M
EV / Sales 2022 2,73x
EV / Sales 2023 2,56x
Nbr of Employees 5 000
Free-Float 32,5%
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Technical analysis trends TPG TELECOM LIMITED
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Mean consensus BUY
Number of Analysts 12
Last Close Price 5,97 AUD
Average target price 7,12 AUD
Spread / Average Target 19,3%
EPS Revisions
Managers and Directors
Iñaki Berroeta Aurrecoechea Chief Executive Officer, Director & MD
Grant A. Dempsey Chief Financial Officer
Kin Ning Fok Chairman
Robert James Group Chief Digital & Information Officer
Giovanni Chiarelli Chief Technology Officer
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