Market Chatter: Non-Bank Lenders' Share Rally Soon to End, Says Citi

MT Newswires Live

07/04

Pepper Money (ASX:PPM) and Australian Finance Group's (ASX:AFG) share rally has been based on market expectations of a 3.1% terminal cash rate, which is now fully priced into their shares, The Australian reported Friday, citing Citi analyst Thomas Strong.

Citi believes that earnings for these companies are expected to build through the financial year 2026, but recent capital management actions, particularly from Pepper Money, are already factored in.

The investment firm sees limited short-term catalysts, with current price-to-earnings multiples at cyclical highs, and expects the shares to stabilise until confidence in the earnings recovery strengthens.

Citi downgraded Pepper Money and Australian Finance Group to neutral with price targets of AU$1.75 and AU$2.10, respectively, per the report.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。

熱議股票

1
2
3
4
5
6
7
8
9
10

{"basename":"/hant","ssrTDKData":{"titleTemplate":"%s - 老虎證券","title":"老虎证券全球投资理财平台| 一站式投资美股新股港股A股","description":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","keywords":"老虎證券,老虎證券開戶,老虎券商,老虎證券官網,老虎證券app,tigertrade老虎證券,股票,炒股,新加坡股票交易平臺,投資,投資理財","social":{"ogDescription":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/hant/news/2548391063"},"companyName":"老虎證券"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2548391063\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2548391063?lang=zh_TW&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-07-04 08:55","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2548391063","market":"hk","top_or_hot":-1,"title":"Market Chatter: Non-Bank Lenders' Share Rally Soon to End, Says Citi","media":"MT Newswires Live","content":"<html><body><p> <a href=\"https://laohu8.com/S/PPM.AU\">Pepper Money</a> (ASX:PPM) and <a href=\"https://laohu8.com/S/AFG.AU\">Australian Finance</a> Group's (ASX:AFG) share rally has been based on market expectations of a 3.1% terminal cash rate, which is now fully priced into their shares, The Australian reported Friday, citing Citi analyst Thomas Strong.</p><p>Citi believes that earnings for these companies are expected to build through the financial year 2026, but recent capital management actions, particularly from Pepper Money, are already factored in.</p><p>The investment firm sees limited short-term catalysts, with current price-to-earnings multiples at cyclical highs, and expects the shares to stabilise until confidence in the earnings recovery strengthens.</p><p>Citi downgraded Pepper Money and Australian Finance Group to neutral with price targets of AU$1.75 and AU$2.10, respectively, per the report.</p><p>(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>","source":"mtnewswires_news","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>Market Chatter: Non-Bank Lenders' Share Rally Soon to End, Says Citi</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: 12.5px; color: #7E829C; margin: 0;}\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\">\nMarket Chatter: Non-Bank Lenders' Share Rally Soon to End, Says Citi\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time smaller\">2025-07-04 08:55</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<html><body><p> <a href=\"https://laohu8.com/S/PPM.AU\">Pepper Money</a> (ASX:PPM) and <a href=\"https://laohu8.com/S/AFG.AU\">Australian Finance</a> Group's (ASX:AFG) share rally has been based on market expectations of a 3.1% terminal cash rate, which is now fully priced into their shares, The Australian reported Friday, citing Citi analyst Thomas Strong.</p><p>Citi believes that earnings for these companies are expected to build through the financial year 2026, but recent capital management actions, particularly from Pepper Money, are already factored in.</p><p>The investment firm sees limited short-term catalysts, with current price-to-earnings multiples at cyclical highs, and expects the shares to stabilise until confidence in the earnings recovery strengthens.</p><p>Citi downgraded Pepper Money and Australian Finance Group to neutral with price targets of AU$1.75 and AU$2.10, respectively, per the report.</p><p>(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PPM.AU","symbol_name":"Pepper Money Ltd","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2548391063","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2548391063","pubTimestamp":1751590520,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Pepper Money  and Australian Finance Group's  share rally has been based on market expectations of a 3.1% terminal cash rate, which is now fully priced into their shares, The Australian reported Friday, citing Citi analyst Thomas Strong.Citi believes that earnings for these companies are expected to build through the financial year 2026, but recent capital management actions, particularly from Pepper Money, are already factored in.The investment firm sees limited short-term catalysts, with current price-to-earnings multiples at cyclical highs, and expects the shares to stabilise until confidence in the earnings recovery strengthens.Citi downgraded Pepper Money and Australian Finance Group to neutral with price targets of AU$1.75 and AU$2.10, respectively, per the report.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"PPM.AU":"Pepper Money Ltd","XKO.AU":"标普/澳交所 300指数","XAO.AU":"标普/澳交所 普通股指数","BK7123":"互助储蓄与抵押信贷金融服务","BK7160":"商业和住宅抵押贷款融资","XJO.AU":"标普/澳交所 200指数","AFG.AU":"AUSTRALIAN FINANCE GROUP LTD"},"translate_title":"市场热议：花旗表示，非银行贷款机构的股价涨势即将结束","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PPM.AU":0.9,"AFG.AU":0.9,"XAO.AU":0.9,"XJO.AU":0.9,"XKO.AU":0.9},"content_text":"Pepper Money (ASX:PPM) and Australian Finance Group's (ASX:AFG) share rally has been based on market expectations of a 3.1% terminal cash rate, which is now fully priced into their shares, The Australian reported Friday, citing Citi analyst Thomas Strong.Citi believes that earnings for these companies are expected to build through the financial year 2026, but recent capital management actions, particularly from Pepper Money, are already factored in.The investment firm sees limited short-term catalysts, with current price-to-earnings multiples at cyclical highs, and expects the shares to stabilise until confidence in the earnings recovery strengthens.Citi downgraded Pepper Money and Australian Finance Group to neutral with price targets of AU$1.75 and AU$2.10, respectively, per the report.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}