Highlights

  • Consensus rating of Buy (highest tier) from 2 analysts: 2 Buy or equivalent, 0 Hold, 0 Sell or equivalent.
  • Mean price target of A$3.81 against a share price of A$1.66 on 8 October 2026, an implied upside of 130.4%.
  • Analyst targets range from A$3.28 to A$4.35.
  • All figures are in Singapore dollars.

Tuas Limited (ASX:TUA) carries a consensus analyst rating of Buy (highest tier). Of the 2 analyst recommendations recorded, 2 are Buy or equivalent, 0 are Hold and 0 are Sell or equivalent. The mean price target is A$3.81, with targets ranging from A$3.28 to A$4.35, against a current share price of A$1.66 (8 October 2026). Tuas Limited is a Singapore telecommunications operator, reporting in Singapore dollars, with mobile and fibre broadband services through its Simba brand.

Company name

Tuas Limited

Ticker

(ASX:TUA)

Exchange

ASX (Australian Securities Exchange)

Current share price

A$1.66

Price date

8 October 2026

Number of analysts

2

Rating consensus

Buy (highest tier)

Consensus price target (mean)

A$3.81

Highest target

A$4.35

Lowest target

A$3.28

Implied upside/downside to mean target

Implied upside of 130.4%

Latest developments

Tuas (ASX:TUA) published its FY2026 annual results for the year ended 31 July 2026 on 23 September 2026. All figures are in Singapore dollars. Revenue was S$187.6 million, up 24%, and underlying EBITDA rose 22% to S$83.8 million. Statutory profit after income tax was S$26.0 million, compared with S$6.9 million, up 277%. Underlying EBITDA excludes significant items of S$3.7 million related to Due Diligence and other matters.

Active mobile services rose from 1,254,000 at the end of FY2025 to 1,458,000 at 31 July 2026, and the fibre broadband Business closed the year with 62,000 subscribers. The company said it expanded both mobile and fixed broadband services despite intensifying competition in Singapore's telecommunications sector, and is developing new products for the Singapore market.

Tuas has not paid or declared any dividends during the period. After the reporting date, on 21 August 2026, the group ceased the operations of one of its subsidiaries.

Sector context

The company describes intensifying competition in Singapore's telecommunications sector, where it competes in mobile and fixed broadband services. Its results are measured in Singapore dollars and reflect subscriber growth in a competitive market.

Risks and what to watch

The company has not declared a dividend, and the report refers to the closure of a Subsidiary after year end. Competition in Singapore's telecommunications market is intensifying, and subscriber growth depends on pricing, network quality and customer Acquisition costs. Underlying EBITDA excludes significant items, and the consensus data covers two analysts.

Next milestones

Items to watch include growth in active mobile services and fibre subscribers, new product launches planned for the Singapore market, any Dividend decision, and the company's half-year result.