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Company Information

Company at a Glance

Industry:
Wireless Telecommunication Services
Fiscal Year-End:
Dec 10

Company Overview

Hutchison Telecommunications (Australia) Limited (HTA), provides a range of communications products and services under the Orange and '3' brands. The company operates its own mobile telephony network under the Orange brand using Code Division Multiple Access (CDMA) technology and through its 'Hutchison 3G' subsidiary, offers third generation (3G) mobile multimedia services.

Company History

Founder and Managing Director Barry Roberts-Thomson established Hutchison in 1989 as paging service provider. In 1999 the company listed on the ASX having evolved into GSM mobile reseller and at this time, key shareholder Hutchison Whampoa, permitted Hutchison to rebrand its product under the Orange brand. In 2003 the company launched Australia's first 3G network offering video calls.

Industries Of Operation

HTA operates in the Telecommunications Sector. Mobile telephony is HTA’s core business, offering CDMA and 3G services to the domestic market. Competition within the mobile market is intense. Increasingly, mobile operators are relying on non-voice services to support sustainable levels of profitability.

Differentiating Factor

HTA was the first Australian mobile company to offer 3G services. Customers on its 3G network have high-speed access to a wide range of mobile multimedia content, such as Mobile TV, video calling and a suite of enhanced messaging services.The company was amongst the first mobile carrier to introduce "cap plan" pricing.

Major Customers & Competitors

HTA's customers are primarily residential and small business clients, although it is targeting its 3G network to corporate clients. HTA competes with other mobile service providers, the largest being Telstra, Optus, Vodafone and Telecom NZ.

Research provided by  

Market Statistics

Market Cap ($M):
74.6
Equiv. Shares (M):
754.0
% All Ords:
0.10
12Mth Range ($):
0.09 - 0.14
Turnover ($M pa):
7.0
Index:
S&P/ASX 500
Sector:
Telecommunication Services
Industry Group:
Telecommunication Services
Industry:
Wireless Telecommunication Services
Sub Industry:
Wireless Telecommunication Services

Last 5 Market Sensitive Announcements

Date
Announcment
05-Mar-10 08:30
SandP Announces March SP/ASX Index Rebalance
19-Feb-10 14:00
Preliminary Final Report
11-Aug-09 13:45
Half Yearly Report and Accounts
17-Jun-09 16:40
Suspension from Official Quotation - HTAPA
29-May-09 16:51
ACCC Not to Oppose Proposed Merger of Vodafone and Hutchiso

Calendar Of Events

Date
Event
11-Aug-09
Reporting Date for Half Yearly Result
02-Apr-09
EGM Date for Special Event
19-Feb-09
Reporting Date for Final Year Result
19-Aug-08
Reporting Date for Half Yearly Result
19-May-08
AGM Date for Final Year Result

Directors

Name
Position
C K Fok
Chairman
B Roberts-Thomson
Deputy Chairman
J H Gardener
Director
F J Sixt
Director
D L Ming
Director
J Scanlon
Director
S Chow
Director
R J Snodgrass
Director

Management

Name
Position
N Dews
CEO

Substantial Shareholders

Name
% Holding
Hutchinson
88.5
Vodafone Group
88.5
Telecom 3G Limited
10.0

Consensus Recommendation Summary


0
1
3
0
2
Sell Under Perf. Hold Out Perf. Buy

Number of Brokers in Recommendation Summary: 6

Consensus Earnings

FY10 FY11
Consensus EPS1 (c) 1.1 0.8
EPS Growth (%)   -21.3
P/E Ratio (x) 9.3 11.8
P/E Rel. All Ords (x) 0.83 n/a
P/E Rel. Sector (x) n/a n/a
Number of Brokers in Earnings Survey: 3 3

1. Consensus EPS is generally "reported EPS" but will vary as to whether it is on a pre or post preference earnings basis. This number is not always on the same basis as the Aegis EPS.

Historical Forecast Earnings And Recommendations

Consensus Recommendations

Consensus information provided by Reuters.

Consensus EPS Forecasts 1

1. Consensus EPS is generally "reported EPS" but will vary as to whether it is on a pre or post preference earnings basis. This number is not always on the same basis as the Aegis EPS.

Peer Recommendation Comparison

  P/E (x) EPS Chg (%) Dividend Yield (%) MktCap ($M) Price ($) Consensus Rec
  09A 09A 09A    
Hutchison (8.0) (93.1) 0.0 74.6 0.10 Out Perf.
BigAir Group 5.1 n/a 0.0 17.5 0.19 none
MOKO.mobi (2.3) (43.2) 0.0 9.5 0.08 none
Mnet Group Limited (3.2) 0.6 0.0 8.6 0.04 none
Mint Wireless (3.3) (52.0) 0.0 8.4 0.05 none

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