TPG (ASX:TPG) shares whacked by cyberattack
TPG (ASX:TPG) shares whacked by cyberattack
The telco’s customer data has been exposed, but the company says the damage was isolated with few impacted.
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May 24, 12:02pm AEST
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TPG Telecom Ltd (ASX: TPG)’s cloud-hosting services, chopping down its share price today.
The internet and mobile provider revealed the incident in an announcement to the ASX on Monday morning. TPG shares are down 1.59% at the time of writing, to trade at $4.97.
The attack targeted TPG’s TrustedCloud, which is a product gained from TPG’s 2011 acquisition of IntraPower Limited.
Broker eyes these ASX 200 shares following Federal Budget
Kerry Sun | May 14, 2021 4:51pm |
More on: Image source: Getty Images
The 2021-22 Federal Budget features $1.2 billion in government spending over six years to drive Australia’s digital economy.
Morgan Stanley believes these initiatives support its bullish view of the media sector. Here are some ASX 200 media shares the broker thinks could see upside.
ASX 200 media shares on broker’s radar
Nine Entertainment Co Holdings Ltd (ASX: NEC)
Morgan Stanley observes a relatively small benefit to commercial free-to-air broadcasters from reduced funding for public broadcasters ABC and SBS. The broker reiterated its
overweight rating for Nine shares with a target price of $3.50.
The
REA Group Ltd(ASX: REA) share price has bounced back strongly in April and is within ~5% of its previous all-time record high of $163.75.
Morgan Stanley bullish on the REA share price
On Wednesday, Morgan Stanley released a note that suggested a potential “earnings super cycle” in 2021-22 driven by positive listings growth and additional houses for sale. The broker believes there is evidence that Australians are re-thinking where they want to live and searching for new homes.
The broker rated the REA shares as overweight with a $175 target price.
CoreLogic data sees housing data soar
A bounce back in economic activity, record low interest rates and rising consumer sentiment has catapulted housing data metrics to new record highs.
Why ARB, Domain, Redbubble, & Treasury Wine shares are sinking today
James Mickleboro | February 16, 2021 12:36pm |
More on:
In afternoon trade the
S&P/ASX 200 Index (ASX: XJO) has followed the lead of European markets and is pushing higher. At the time of writing, the benchmark index is up 0.6% to 6,909 points.
Four ASX shares that have failed to follow the market higher today are listed below. Here’s why they are under pressure:
The ARB share price is down over 2% to $38.25 following its half year update. For the six months ended 31 December, the 4×4 parts manufacturer reported a 21.7% increase in sales revenue to $283.9 million and a whopping 113.5% jump in profit after tax to $54 million. Investors may be disappointed with the company’s decision to reduce its interim dividend payout ratio well below historical levels. It made the decision so it could increase its investment in the business for future growth.