0406 GMT - Tuas's stronger-than-expected annual result supports the view of its bulls at Morgan Stanley that it is well placed to further disrupt Singapore's telecommunications market. The investment bank's analysts tell clients in a note that the Australia-listed company's tight-cost, low-price model is resonating with more customers than they had initially anticipated, adding that they thought that mobile subscriber growth would have slowed by now. They also see reasons to think that Tuas could represent its success with mobile in Singapore's broadband market. MS raises its target price by 28% to A$5.50 and stays overweight on the stock, which is down 0.8% at A$4.77. (stuart.condie@wsj.com)

0148 GMT - Web Travel is likely to pursue further acquisitions even though the corporate-travel booking provider's longer-term targets are based on organic growth, Morgans analyst Belinda Moore says. She forecasts the company, which is now separated from the Webjet consumer business, will have net cash of A$340 million at the end of fiscal 2025. She tells clients in a note that a soft trading update has overshadowed Web Travel's ambitious target of growing total transaction value to A$10 billion by fiscal 2030 but thinks that delivery on this could lift the stock's valuation multiple. She suggests something like the 20 times Ebitda enjoyed by marketplace operators. Morgans has an add rating and A$8.60 target price on the stock, which is up 1.4% at A$7.25. (stuart.condie@wsj.com)

0130 GMT - Tuas's stronger-than-expected subscriber growth keeps its bull at Citi positive on the Australia-listed mobile provider, especially with postpaid growth outpacing prepaid. Analyst William Park tells clients in a note that imminent improvements in the Singapore-focused company's 5G coverage should help it continue to grow market share. Its tally of 4,000 broadband subscribers at the end of its 2024 fiscal year is also well ahead of Park's forecast of 1,200, with its pricing apparently attractive to customers. Citi raises its target price 5.7% to A$5.55 and keeps a buy rating on the stock, which is down 2.5% at A$4.69. (stuart.condie@wsj.com)

0121 GMT - Webjet's consumer travel business can improve its earnings trajectory over time with a renewed focus and capital investment, Morgans analyst Belinda Moore reckons. The online travel booker's management can make more targeted capital allocation decisions now it is separated from the renamed Web Travel corporate business, Moore explains. She points out in a note that Webjet generates strong cashflow and has a strong net cash position. Moore puts a A$0.95 target price and an add rating on the newly listed entity. Shares are up 5.8% at A$0.91. (stuart.condie@wsj.com)

0112 GMT - Webjet's post-demerger corporate business keeps its bull at Citi despite what look to be investor worries over slowing growth. Analyst Samuel Seow acknowledges that the latest trading update from Web Travel--previously the corporate business arm of the company formerly known as Webjet--is soft but tells clients in a note that a similar slowdown occurred in the prior corresponding period. Total transaction value growth appears to have reaccelerated in August, suggesting to Seow that the softness was temporary and leaving him cautiously optimistic. Europe hotel data remains strong, he adds. Citi cuts target price 23% to A$8.25 on the separation of the consumer business and keeps a buy rating on the stock, which is up 1.05% at A$7.225. (stuart.condie@wsj.com)

(END) Dow Jones Newswires