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News 2026-09-23 04:21 UTC

Tuas beats FY26 estimates, but shares slump 17% amid regulatory uncertainty

Tuas' share price has swung wildly over the past 12 months on developments tied to its now-lapsed $1.59 billion bid for M1 Limited, and today's FY26 result suggest that saga is still driving the stock. Revenue and profit both beat Morgan Stanley's estimates, which helps explain why the stock opened…