Telstra's Energy Goals Lack Ambition, JPM Says -- Market Talk
Telstra's Energy Goals Lack Ambition, JPM Says -- Market Talk
0013 GMT - Telstra's aim to become one of Australia's top five energy retailers by FY 2025 lacks ambition given the potential synergies between household data and energy provision, JPMorgan says. The telecommunications firm's aspiration initially sounds reasonable but ultimately represents just a 5% market share, it says. The investment bank thinks such a status would contribute A$100 million or less to Telstra's annual EBIT. Telstra recorded EBIT of A$2.99 billion for the 12 months through June 2021. Inorganic growth in energy retail would make more sense, JPM says, which is overweight on the stock with a A$4.60 target price. Shares are 0.8% higher at A$3.98. (stuart.condie@wsj.com; @StuartLCondie)
0013GMT-摩根大通表示，鑑於家庭數據和能源供應之間的潛在協同效應，澳洲電信到2025財年成為澳大利亞前五大能源零售商之一的目標缺乏雄心。它説，這家電信公司的抱負最初聽起來很合理，但最終只佔到了5%的市場份額。這家投資銀行認為，這樣的地位將為澳洲電信的年度息税前利潤貢獻1億澳元或更少。澳洲電信在截至2021年6月的12個月中記錄了29.9億澳元的息税前利潤。摩根大通表示，能源零售的無機增長將更有意義，該公司增持了該股，目標價為4.60澳元。該公司股價上漲0.8%，至3.98澳元。(stuart.Condie@wsj.com；@StuartLCondie)
譯文內容由第三人軟體翻譯。