BUZZ-Morgan Stanley raises PT on Australia's Tuas as it favours co's price model

** Analysts at Morgan Stanley raise price target for Tuas

to A$5.50/shr from A$4.30/shr; maintain "overweight" rating

** However, shares of the Australia-based wireless telecom services operator slipped as much as 3.7% to A$4.630 during trade

** TUA on Tuesday reported a narrowed loss of S$4.4 mln($3.43 mln) for FY24, compared to previous year's loss of S$15.3 mln

** Brokerage of the view that co is well positioned to continue disrupting Singapore telco market with its tight cost, low price model

** Morgan Stanley conservatively forecasts that broadband will be slightly loss making in FY25 on start-up costs

** Both analysts covering the stock rate it "buy" or higher; their median PT is A$5.05 - LSEG data

** Stock up 50.3% YTD, as of last close

($1 = 1.2825 Singapore dollars)

(Reporting by Shivangi Lahiri in Bengaluru)

((shivangi.lahiri@thomsonreuters.com))