CTM's Problems Are Far Worse Than Expected -- Market Talk

Dow Jones

2025/11/28

2318 GMT - Corporate Travel Management's problems are far worse and more widespread than RBC Capital Markets analyst Wei-Weng Chen had expected. Chen tells clients in a note that CTM previously said that only its Europe operation was affected but has now disclosed that its Australia and New Zealand business has issues. He reckons that the Australian company may need to restate and even refund up to a third of its European revenues for the past three years. This could have a significant cash impact, he adds. RBC has a last-published sector perform rating and A$15.00 target price on the stock, which last traded in August at A$16.07. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

November 27, 2025 18:18 ET (23:18 GMT)

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Chen tells clients in a note that CTM previously said that only its Europe operation was affected but has now disclosed that its <a href=\"https://laohu8.com/S/AN3PF.AU\">Australia and New Zealand</a> business has issues. He reckons that the Australian company may need to restate and even refund up to a third of its European revenues for the past three years. This could have a significant cash impact, he adds. RBC has a last-published sector perform rating and A$15.00 target price on the stock, which last traded in August at A$16.07. (stuart.condie@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 27, 2025 18:18 ET (23:18 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>CTM's Problems Are Far Worse Than Expected -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCTM's Problems Are Far Worse Than Expected -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-11-28 07:18</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     2318 GMT - <a href=\"https://laohu8.com/S/CTD.AU\">Corporate Travel Management</a>'s problems are far worse and more widespread than RBC Capital Markets analyst Wei-Weng Chen had expected. Chen tells clients in a note that CTM previously said that only its Europe operation was affected but has now disclosed that its <a href=\"https://laohu8.com/S/AN3PF.AU\">Australia and New Zealand</a> business has issues. He reckons that the Australian company may need to restate and even refund up to a third of its European revenues for the past three years. This could have a significant cash impact, he adds. RBC has a last-published sector perform rating and A$15.00 target price on the stock, which last traded in August at A$16.07. 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Chen tells clients in a note that CTM previously said that only its Europe operation was affected but has now disclosed that its Australia and New Zealand business has issues. He reckons that the Australian company may need to restate and even refund up to a third of its European revenues for the past three years. This could have a significant cash impact, he adds. RBC has a last-published sector perform rating and A$15.00 target price on the stock, which last traded in August at A$16.07. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"CTM":"Castellum, Inc.","CTD.AU":"CORPORATE TRAVEL MANAGEMENT","BK7070":"酒店、度假村与豪华游轮","BK4134":"信息科技咨询与其它服务"},"translate_title":"澳门电讯的问题远比预期严重——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CTD.AU":0.9,"CTM":1.5},"content_text":"2318 GMT - Corporate Travel Management's problems are far worse and more widespread than RBC Capital Markets analyst Wei-Weng Chen had expected. Chen tells clients in a note that CTM previously said that only its Europe operation was affected but has now disclosed that its Australia and New Zealand business has issues. He reckons that the Australian company may need to restate and even refund up to a third of its European revenues for the past three years. This could have a significant cash impact, he adds. RBC has a last-published sector perform rating and A$15.00 target price on the stock, which last traded in August at A$16.07. (stuart.condie@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 27, 2025 18:18 ET (23:18 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-2","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}