Perpetual Bull Sees Potential for EPS Accretive Cost Cuts -- Market Talk

Dow Jones

03/17

2352 GMT - Perpetual's bull at Macquarie sees potential for further cost cutting following the sale of its wealth-management business to Bain Capital. One of the investment bank's analysts reckons that the divestment leaves the Australian company's remaining asset management and corporate trust units with a valuation of 10.9 times earnings. They see this as very attractive compared with peers, with any further cost cuts being highly accretive to earnings. Writing in a note to clients, the analyst adds that the wealth business has continued to perform through the sale process, meaning that Bain Capital will likely be liable for the deal's A$50 million earn out. Macquarie raises its target price 3.1% and reiterates its outperform rating. Shares are down 0.2% A$16.50. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

March 16, 2026 19:52 ET (23:52 GMT)

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One of the investment bank's analysts reckons that the divestment leaves the Australian company's remaining asset management and corporate trust units with a valuation of 10.9 times earnings. They see this as very attractive compared with peers, with any further cost cuts being highly accretive to earnings. Writing in a note to clients, the analyst adds that the wealth business has continued to perform through the sale process, meaning that Bain Capital will likely be liable for the deal's A$50 million earn out. Macquarie raises its target price 3.1% and reiterates its outperform rating. Shares are down 0.2% A$16.50. (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  March 16, 2026 19:52 ET (23:52 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7062","symbol_name":"資產管理與託管銀行","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2620041812","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2620041812","pubTimestamp":1773705120,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2352 GMT - Perpetual's bull at Macquarie sees potential for further cost cutting following the sale of its wealth-management business to Bain Capital. One of the investment bank's analysts reckons that the divestment leaves the Australian company's remaining asset management and corporate trust units with a valuation of 10.9 times earnings. They see this as very attractive compared with peers, with any further cost cuts being highly accretive to earnings. Writing in a note to clients, the analyst adds that the wealth business has continued to perform through the sale process, meaning that Bain Capital will likely be liable for the deal's A$50 million earn out. Macquarie raises its target price 3.1% and reiterates its outperform rating. Shares are down 0.2% A$16.50. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7062":"资产管理与托管银行","PPT.AU":"PERPETUAL LTD"},"translate_title":"永久牛市看到每股收益增值成本削减的潜力——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PPT.AU":0.9},"content_text":"2352 GMT - Perpetual's bull at Macquarie sees potential for further cost cutting following the sale of its wealth-management business to Bain Capital. One of the investment bank's analysts reckons that the divestment leaves the Australian company's remaining asset management and corporate trust units with a valuation of 10.9 times earnings. They see this as very attractive compared with peers, with any further cost cuts being highly accretive to earnings. Writing in a note to clients, the analyst adds that the wealth business has continued to perform through the sale process, meaning that Bain Capital will likely be liable for the deal's A$50 million earn out. Macquarie raises its target price 3.1% and reiterates its outperform rating. Shares are down 0.2% A$16.50. (stuart.condie@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 16, 2026 19:52 ET (23:52 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}