SGH Buyback Plan Shows Investors Backup Use for Cash -- Market Talk

Dow Jones

06/23

0145 GMT - SGH's planned share buyback offers shareholders clarity on how the company could allocate cash should its bid for BlueScope Steel not proceed, Macquarie says. "A buyback is a credible backstop, but we think M&A intent remains," says the bank. SGH said it could buy up to A$500 million in stock under the program. Macquarie factors in A$200 million in stock purchases in FY 2027, although says "this level would stretch the SGH balance sheet if the bid were to continue." The bank expects little of the buyback will happen if the BlueScope bid gains momentum. Macquarie has an outperform rating on SGH. It raises its target to A$51.25 from A$50.35, citing earnings adjustments. Shares are down 0.5% at A$44.33. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)

(END) Dow Jones Newswires

June 22, 2026 21:45 ET (01:45 GMT)

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SGH said it could buy up to A$500 million in stock under the program. Macquarie factors in A$200 million in stock purchases in FY 2027, although says \"this level would stretch the SGH balance sheet if the bid were to continue.\" The bank expects little of the buyback will happen if the BlueScope bid gains momentum. Macquarie has an outperform rating on SGH. It raises its target to A$51.25 from A$50.35, citing earnings adjustments. Shares are down 0.5% at A$44.33. 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SGH said it could buy up to A$500 million in stock under the program. Macquarie factors in A$200 million in stock purchases in FY 2027, although says \"this level would stretch the SGH balance sheet if the bid were to continue.\" The bank expects little of the buyback will happen if the BlueScope bid gains momentum. Macquarie has an outperform rating on SGH. It raises its target to A$51.25 from A$50.35, citing earnings adjustments. Shares are down 0.5% at A$44.33. (rhiannon.hoyle@wsj.com; @RhiannonHoyle) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 22, 2026 21:45 ET (01:45 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":"BK4211","symbol_name":"區域性銀行","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2645001565","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2645001565","pubTimestamp":1782179100,"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":"0145 GMT - SGH's planned share buyback offers shareholders clarity on how the company could allocate cash should its bid for BlueScope Steel not proceed, Macquarie says. \"A buyback is a credible backstop, but we think M&A intent remains,\" says the bank. SGH said it could buy up to A$500 million in stock under the program. Macquarie factors in A$200 million in stock purchases in FY 2027, although says \"this level would stretch the SGH balance sheet if the bid were to continue.\" The bank expects little of the buyback will happen if the BlueScope bid gains momentum. Macquarie has an outperform rating on SGH. It raises its target to A$51.25 from A$50.35, citing earnings adjustments. Shares are down 0.5% at A$44.33. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4211":"区域性银行","BK7129":"钢铁","BK7031":"贸易公司与经销商","SGH.AU":"SGH Ltd","ISBC":"投资者银行","BSL.AU":"BLUESCOPE STEEL LTD","BK7120":"特殊消费者服务"},"translate_title":"SGH回购计划显示投资者备用现金用途——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BSL.AU":0.9,"SGH.AU":0.9,"ISBC":1.5},"content_text":"0145 GMT - SGH's planned share buyback offers shareholders clarity on how the company could allocate cash should its bid for BlueScope Steel not proceed, Macquarie says. \"A buyback is a credible backstop, but we think M&A intent remains,\" says the bank. SGH said it could buy up to A$500 million in stock under the program. Macquarie factors in A$200 million in stock purchases in FY 2027, although says \"this level would stretch the SGH balance sheet if the bid were to continue.\" The bank expects little of the buyback will happen if the BlueScope bid gains momentum. Macquarie has an outperform rating on SGH. It raises its target to A$51.25 from A$50.35, citing earnings adjustments. Shares are down 0.5% at A$44.33. (rhiannon.hoyle@wsj.com; @RhiannonHoyle) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  June 22, 2026 21:45 ET (01:45 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":"1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}