BUZZ-Citi projects stronger second-quarter flows for Australian wealth platform HUB24 than Netwealth

Reuters
01/07
BUZZ-Citi projects stronger second-quarter flows for Australian wealth platform HUB24 than Netwealth

** Shares of wealth platforms HUB24 HUB.AX climb 1.7% to A$93.5, while Netwealth Group NWL.AX rises 0.2% to A$25.22

** Citi sees HUB24 to report another strong quarter of flows in Q2; forecasts net flows of A$4.76 billion ($3.21 billion), up +20% yoy and down 8% qoq after a record first quarter

** Brokerage also expects HUB24 to see strong EBITDA margin expansion in 1H26

** For Netwealth, Citi sees net flows to be flat qoq at A$4 billion and do not expect material impact from Netwealth's exposure to First Guardian

** However, Citi retains "neutral" on HUB24 with FY26 NPAT estimates up 1% but FY27 estimates down 2% due to higher costs

** HUB24 up 38.3% in 2025, while Netwealth down 10.7%

($1 = 1.4828 Australian dollars)

(Reporting by John Biju in Bengaluru)

((John.Biju@thomsonreuters.com;))

應版權方要求,你需要登入查看該內容

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. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10