BUZZ-Bell Potter cuts PT on Australia's SGH over FY26 moderating EBIT growth outlook

Reuters
05/26
BUZZ-Bell Potter cuts PT on Australia's SGH over FY26 moderating EBIT growth outlook

** Bell Potter forecasts diversified Australian co SGH SGH.AX group's EBIT growth moderating over fiscal year 2026

** Brokerage cuts PT to A$54.00/shr from A$54.50/shr; keeps "hold" rating

** SGH falls 2% to A$49.49, its lowest level since May 7

** Brokerage says SGH weighed by subsidiary WesTrac's services revenue that faces headwinds over weaker component prices in 1H FY26

** WesTrac is the sole authorized dealer for construction and mining equipment manufacturer Caterpillar in Western Australia and other regions, providing heavy equipment sales and support

** Stock rises 7.3% YTD, including today's decline

(Reporting by Shivangi Lahiri in Bengaluru)

((shivangi.lahiri@thomsonreuters.com))

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