EVT Bulls Don't Expect an Imminent Cinema Sale -- Market Talk

Dow Jones
2025/10/27

0008 GMT - EVT's bulls at Citi think the Australian entertainment group is probably some time away from divesting its cinema business. Analysts Sam Teeger and William Park tell clients in a note that recent weakness at the Australian box office and content supply disruptions mean EVT is likely to keep hold of the business for now, despite management's comment that they are constantly evaluating its corporate structure. EVT's commentary around its prime location at Sydney's 525 George Street is seen at Citi as suggesting a sale will only occur if the company gets a price it is happy with. Upside could emerge if the property is sold together with one adjacent to it, they add. Citi raises its target price 4.8% to A$17.30 and maintains a buy rating. Shares are up 0.8% at A$14.33. (stuart.condie@wsj.com)

 

(END) Dow Jones Newswires

October 26, 2025 20:08 ET (00:08 GMT)

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