0326 GMT - ASX's earnings-per-share growth will be constrained through fiscal 2029 by the Australian market operator's high cost growth, according to its bears at UBS. The investment bank's analysts see annual EPS growing at about 3% as ASX increases resourcing for its new clearance and settlement software. The costly project has been repeatedly delayed over recent years, and the analysts warn of ongoing execution and regulatory risks. They keep a sell rating and A$62.50 target price on the stock, which is up 0.7% at A$71.25. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
April 30, 2025 23:26 ET (03:26 GMT)
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