Accent Group Keeps Bull Despite Weak Update -- Market Talk

Dow Jones

Jun 13, 2025

0130 GMT - Accent Group keeps its bull at Bell Potter despite the footwear retailer's weaker-than-expected trading update. Analyst Chami Ratnapala lowers her net profit forecasts for the next three fiscal years by between 17% and 20% on what she says was an 18% gap between Accent's FY25 EBIT guidance and the average analyst forecast. However, she continues to see Reserve Bank of Australia rate cuts supporting a demand recovery toward the end of this calendar year. She also reminds clients in a note that Accent's partnership with U.K.-based Frasers Group will expose the Australian company to leading brands including Nike. Bell Potter cuts its target price 19% to A$2.10 but retains a buy rating. Shares are down 21% at A$1.42. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

June 12, 2025 21:30 ET (01:30 GMT)

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2543524950"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2543524950\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2543524950?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-06-13 09:30","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2543524950","market":"sg","top_or_hot":-1,"title":"Accent Group Keeps Bull Despite Weak Update -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0130 GMT - Accent Group keeps its bull at Bell Potter despite the footwear retailer's weaker-than-expected trading update. Analyst Chami Ratnapala lowers her net profit forecasts for the next three fiscal years by between 17% and 20% on what she says was an 18% gap between Accent's FY25 EBIT guidance and the average analyst forecast. However, she continues to see Reserve Bank of Australia rate cuts supporting a demand recovery toward the end of this calendar year. She also reminds clients in a note that Accent's partnership with U.<a href=\"https://laohu8.com/S/TKKD.SI\">K</a>.-based Frasers Group will expose the Australian company to leading brands including Nike. Bell Potter cuts its target price 19% to A$2.10 but retains a buy rating. Shares are down 21% at A$1.42. (stuart.condie@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 12, 2025 21:30 ET (01:30 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Accent Group Keeps Bull Despite Weak Update -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAccent Group Keeps Bull Despite Weak Update -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-06-13 09:30</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0130 GMT - Accent Group keeps its bull at Bell Potter despite the footwear retailer's weaker-than-expected trading update. Analyst Chami Ratnapala lowers her net profit forecasts for the next three fiscal years by between 17% and 20% on what she says was an 18% gap between Accent's FY25 EBIT guidance and the average analyst forecast. However, she continues to see Reserve Bank of Australia rate cuts supporting a demand recovery toward the end of this calendar year. She also reminds clients in a note that Accent's partnership with U.<a href=\"https://laohu8.com/S/TKKD.SI\">K</a>.-based Frasers Group will expose the Australian company to leading brands including Nike. Bell Potter cuts its target price 19% to A$2.10 but retains a buy rating. Shares are down 21% at A$1.42. (stuart.condie@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 12, 2025 21:30 ET (01:30 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"AX1.AU","symbol_name":"ACCENT GROUP LTD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2543524950","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2543524950","pubTimestamp":1749778200,"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":"0130 GMT - Accent Group keeps its bull at Bell Potter despite the footwear retailer's weaker-than-expected trading update. Analyst Chami Ratnapala lowers her net profit forecasts for the next three fiscal years by between 17% and 20% on what she says was an 18% gap between Accent's FY25 EBIT guidance and the average analyst forecast. However, she continues to see Reserve Bank of Australia rate cuts supporting a demand recovery toward the end of this calendar year. She also reminds clients in a note that Accent's partnership with U.K.-based Frasers Group will expose the Australian company to leading brands including Nike. Bell Potter cuts its target price 19% to A$2.10 but retains a buy rating. Shares are down 21% at A$1.42. ","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"AX1.AU":"ACCENT GROUP LTD"},"translate_title":"尽管更新疲弱，雅绅特集团仍保持牛市——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AX1.AU":0.9},"content_text":"0130 GMT - Accent Group keeps its bull at Bell Potter despite the footwear retailer's weaker-than-expected trading update. Analyst Chami Ratnapala lowers her net profit forecasts for the next three fiscal years by between 17% and 20% on what she says was an 18% gap between Accent's FY25 EBIT guidance and the average analyst forecast. However, she continues to see Reserve Bank of Australia rate cuts supporting a demand recovery toward the end of this calendar year. She also reminds clients in a note that Accent's partnership with U.K.-based Frasers Group will expose the Australian company to leading brands including Nike. Bell Potter cuts its target price 19% to A$2.10 but retains a buy rating. Shares are down 21% at A$1.42. (stuart.condie@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  June 12, 2025 21:30 ET (01:30 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"express","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}