BUZZ-Australia's Johns Lyng falls; Jefferies cuts PT despite upside from weather events

Reuters
04/22
BUZZ-Australia's Johns Lyng falls; Jefferies cuts PT despite upside from weather events

** Disaster recovery and building restorer Johns Lyng JLG.AX falls 1.7% to A$1.975

** Insurance Council of Australia says insurance losses from ex-Tropical Cyclone Alfred and February's North Queensland floods exceeded A$1.2 bln ($771.6 mln)

** Jefferies estimates this could represent potential value of contracts of ~A$11 mln EBITDA for JLG

** However, trims PT to A$3.20 from A$3.80 and maintains "buy" due to recent changes in market multiples of similar cos

** Notes it's too early to quantify JLG's exact impact, but sees potential upside to consensus

** JLG loses 47.1% YTD

($1 = A$1.5552)

(Reporting by Kumar Tanishk in Bengaluru)

((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk;))

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10