TPM - UBS rates the stock as Neutral
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UBS calculates that breaking even on operating earnings for mobiles would occur with around 2% subscriber share, which suggests a 4% market share.
The broker suspects the company could raise its mobile data quotas substantially and could also offer unlimited data plans, with caveats, within a year.
The broker believes the company can succeed in the mobile market where Hutchison ((HTA)) failed, as earnings pools have grown and the cost of the network build is below Hutchison's, and partly leverages existing infrastructure.
Neutral rating retained. Target is reduced to $6.70 from $7.00.
Sector: Telecommunication Services.
Target price is $6.70.Current Price is $6.66. Difference: $0.04 - (brackets indicate current price is over target). If TPM meets the UBS target it will return approximately 1% (excluding dividends, fees and charges - negative figures indicate an expected loss).
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