Corporate Travel's Accounts May Need to Clear Higher Bar

Dow Jones
06/25

0123 GMT - Recent scrutiny of Australia's audit sector may have materially lifted the bar for Corporate Travel Management's auditor to sign off on the travel agent's accounts, RBC analyst Wei-Weng Chen warns. Chen points out that the ASX-listed company expects to lodge its accounts for fiscal 2025 and the first half of its current fiscal year in August, but has yet to provide a date for finalization of its fiscal 2026 report. He tells clients in a note that issues appear to be widening at CTM, with margins and local revenues now flagged as concerns. RBC has a last-published underperform rating on the stock and a target price of 15.00 Australian dollars. Shares have been halted at A$16.07 since August. (stuart.condie@wsj.com)

 

(END) Dow Jones Newswires

June 24, 2026 21:23 ET (01:23 GMT)

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