Financial News, Analysis and Data, FNArena

FNArena

Financial News, Analysis and Data

Online financial media company focused on Australian equities, with a global perspective

Equity Bottom-Up

<ul><li>Telstra is guiding to subdued mobile growth in FY26 as the cost of living bites.</li><li>Earnings growth relies on cost cutting and satellite development.</li><li> -Telstra&rsquo;s FY25 in line, FY26 prognosis subdued -Cost of living driving customers to cheaper options -Major staff reductions to drive cost-outs -Satellite service critical to maintaining dominance</li></ul>

Telstra is guiding to subdued mobile growth in FY26 as the cost of living bites.Earnings growth relies on cost cutting and satellite development. -Telstra&rsquo;s FY25 in line, FY26 prognosis subdued -Cost of living driving customers to cheaper options -Major staff reductions to drive cost-outs -Satellite service critical to maintaining dominance

Buybacks, Dividends Define Telstra's Future

Smartkarma AI Primers, Smartkarma

αSK Primers

Smartkarma AI Primers

Smartkarma

Smartkarma unites the fragmented investment industry, connecting institutional investors, independent research providers, and corporates within a single network.

Research Reinvented

<ul>
 <li>
<a href="https://smartkarma.com/entities/tpg-telecom-ltd-5b64c473-761f-4a0a-a7f9-95770efefa20">TPG Telecom </a>is the third-largest telecommunications provider in Australia, created from the 2020 merger of TPG and Vodafone Hutchison Australia, operating a multi-brand strategy to serve various market segments.</li>
 <li>The company is undergoing a strategic shift towards a mobile-first, asset-light model, highlighted by the sale of its fixed-line fibre assets, aiming to improve capital efficiency and focus on higher-margin 5G and Fixed Wireless Access (FWA) services.</li>
 <li>While facing intense competition, historical declines in key growth metrics, and a high valuation relative to peers, the company generates strong free cash flow and offers a significant dividend yield, reflecting a business in transition with both notable risks and potential for shareholder returns.</li>
</ul>This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.


  
TPG Telecom is the third-largest telecommunications provider in Australia, created from the 2020 merger of TPG and Vodafone Hutchison Australia, operating a multi-brand strategy to serve various market segments.
  The company is undergoing a strategic shift towards a mobile-first, asset-light model, highlighted by the sale of its fixed-line fibre assets, aiming to improve capital efficiency and focus on higher-margin 5G and Fixed Wireless Access (FWA) services.
  While facing intense competition, historical declines in key growth metrics, and a high valuation relative to peers, the company generates strong free cash flow and offers a significant dividend yield, reflecting a business in transition with both notable risks and potential for shareholder returns.
This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.

APAC IPOs & Placements, Aequitas Research

Nicholas Tan

APAC IPOs & Placements

IPOs and Placements coverage across Asia Pacific

Aequitas Research

We cover all listing across the Asia Pacific along with follow-up placements. As of Dec 2020, our team had covered 539 IPOs with a hit rate of 73.5% and 685 placements with a hit rate of 66.8%.

We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic coverage across new listings and placements. Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/tpg-telecom-ltd-5b64c473-761f-4a0a-a7f9-95770efefa20" target="_blank" data-smartkarma-citation="entities:30984:1" rel="noopener">TPG Telecom (TPG AU)</a> is looking to raise around US$359m from a primary placement.</li>
<li>This is a large deal to digest, representing 111.2 days of the stock’s three month ADV, and 7.8% of total shares outstanding.</li>
<li>In this note, we will talk about the placement and run the deal through our ECM framework.</li>
</ul>



TPG Telecom (TPG AU) is looking to raise around US$359m from a primary placement.
This is a large deal to digest, representing 111.2 days of the stock’s three month ADV, and 7.8% of total shares outstanding.
In this note, we will talk about the placement and run the deal through our ECM framework.


TPG Telecom Placement: Widely Anticipated but Large Deal to Digest

Asia Pac ECM and Index Rebal, Shenton Research

Ke Yan, CFA, FRM

Asia Pac ECM and Index Rebal

Asia Pac IPO & Placement Research, China Biotech

Shenton Research

Shenton Research is an independent Asia Pacific equity specialist. Our quantitative research covers index rebalancing flows, alongside exchange data analytics accross Asia Pacific. On the equity capital markets side, we focus on Asia Pacific ECM, especially biotech and TMT. Our lead analyst is frequently cited by international media.

Quantitative Analysis

<ul>
<li>We analyzed the changes in short interest of ASX Stocks as of Sep 18th (reported today). The aggregated short interest was USD49.8bn.</li>
<li>We tabulate league tables for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.</li>
<li>We highlight short interest changes in Codan, Sunrise Energy Metals, TPG Telecom, Qbe Insurance, EQ Resources.</li>
</ul>


We analyzed the changes in short interest of ASX Stocks as of Sep 18th (reported today). The aggregated short interest was USD49.8bn.
We tabulate league tables for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.
We highlight short interest changes in Codan, Sunrise Energy Metals, TPG Telecom, Qbe Insurance, EQ Resources.


ASX Short Interest Weekly (Sep 18th): Codan, Sunrise Energy Metals, TPG Telecom, Qbe Insurance

Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

<ul>
<li>Back in December last year, Aussie-listed equities manager <a href="https://www.smartkarma.com/entities/perpetual-ltd" target="_blank" data-smartkarma-citation="entities:599:1" rel="noopener">Perpetual Ltd (PPT AU) </a><a href="https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02750947-2A1492987?access_token=83ff96335c2d45a094df02a206a39ff4" target="_blank" rel="noopener">rejected</a> <a href="https://www.smartkarma.com/entities/washington-h-soul-pattinson-and-co-ltd" target="_blank" data-smartkarma-citation="entities:6054:1" rel="noopener">Washington H. Soul Pattinson (SOL AU)</a>'s $3bn all-scrip non-binding indicative proposal. </li>
<li>Yet Soul Patt's proposal was in sync with Perpetual's previously flagged intentions to explore a potential separation of its corporate trust and wealth management businesses, from its asset management business.</li>
<li>Perpetual has now <a href="https://announcements.asx.com.au/asxpdf/20240508/pdf/063ccykhk7w69h.pdf" target="_blank" rel="noopener">entered a Scheme</a>, to carve out the corporate trust and wealth management businesses to KKR for A$2.175bn. A lack of clarity on net proceeds saw shares rollover.</li>
</ul>


Back in December last year, Aussie-listed equities manager Perpetual Ltd (PPT AU) rejected Washington H. Soul Pattinson (SOL AU)'s $3bn all-scrip non-binding indicative proposal. 
Yet Soul Patt's proposal was in sync with Perpetual's previously flagged intentions to explore a potential separation of its corporate trust and wealth management businesses, from its asset management business.
Perpetual has now entered a Scheme, to carve out the corporate trust and wealth management businesses to KKR for A$2.175bn. A lack of clarity on net proceeds saw shares rollover.


Perpetual (PPT AU): Shareholders Divided Over Carve Out

Australia

TPG Telecom Ltd provides telecommunication services. The Company offers mobile and fixed broadband solutions. Vodafone Hutchison Australia serves customers in Australia.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

TPG Telecom (TPG AU)

Buybacks, Dividends Define Telstra's Future

Telstra is guiding to subdued mobile growth in FY26 as the cost of living bites. Earnings growth relies on cost cutting and satellite...

FNArena

Primer: TPG Telecom (TPG AU) - Apr 2026

TPG Telecom is the third-largest telecommunications provider in Australia, created from the 2020 merger of TPG and Vodafone Hutchison...

αSK Primers

TPG Telecom Placement: Widely Anticipated but Large Deal to Digest

TPG Telecom is looking to raise around US$359m from a primary placement. In this note, we will talk about the placement and run the deal through...

Nicholas Tan

ASX Short Interest Weekly (Sep 18th): Codan, Sunrise Energy Metals, TPG Telecom, Qbe Insurance

We analyzed ASX short interest report for the past week and highlight short interest changes in Codan, Sunrise Energy Metals, TPG Telecom, Qbe...

Ke Yan, CFA, FRM

Perpetual (PPT AU): Shareholders Divided Over Carve Out

Perpetual has rejected a A$21.64/share Offer - less any divs - from EQT. EQT dipped out on Perpetual’s 2024 break-up process. As did Soul Patts,...

David Blennerhassett

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)