Challenger Bull Anticipates A$1 Bln Capital Release -- Market Talk

Dow Jones

Jul 11, 2025

0055 GMT - Challenger's bull at Citi sees potential for a A$1 billion capital release if proposed regulatory changes come into force. Analyst Nigel Pittaway acknowledges that the Australian prudential regulator's proposals are complex, but is clear that the investment manager will be able to release substantial capital. Pittaway anticipates an initial A$200 million release from changes to the illiquidity premium, the reference benchmark and asset side changes. This will probably be dwarfed by releases including from the potential liquidation of alternative assets, he says. A$800 million looks likely, he writes in a note. Citi raises its target price 22% to A$9.20 and keeps a buy rating on the stock, which is down 0.4% at A$8.08. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

July 10, 2025 20:55 ET (00:55 GMT)

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Analyst Nigel Pittaway acknowledges that the Australian prudential regulator's proposals are complex, but is clear that the investment manager will be able to release substantial capital. Pittaway anticipates an initial A$200 million release from changes to the illiquidity premium, the reference benchmark and asset side changes. This will probably be dwarfed by releases including from the potential liquidation of alternative assets, he says. A$800 million looks likely, he writes in a note. Citi raises its target price 22% to A$9.20 and keeps a buy rating on the stock, which is down 0.4% at A$8.08. (stuart.condie@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 10, 2025 20:55 ET (00:55 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>Challenger Bull Anticipates A$1 Bln Capital Release -- 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\">\nChallenger Bull Anticipates A$1 Bln Capital Release -- 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\">2025-07-11 08:55</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0055 GMT - Challenger's bull at Citi sees potential for a A$1 billion capital release if proposed regulatory changes come into force. Analyst Nigel Pittaway acknowledges that the Australian prudential regulator's proposals are complex, but is clear that the investment manager will be able to release substantial capital. Pittaway anticipates an initial A$200 million release from changes to the illiquidity premium, the reference benchmark and asset side changes. This will probably be dwarfed by releases including from the potential liquidation of alternative assets, he says. A$800 million looks likely, he writes in a note. Citi raises its target price 22% to A$9.20 and keeps a buy rating on the stock, which is down 0.4% at A$8.08. (stuart.condie@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 10, 2025 20:55 ET (00:55 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":"BK7112","symbol_name":"其它综合性金融服务","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2550670187","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2550670187","pubTimestamp":1752195300,"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":"0055 GMT - Challenger's bull at Citi sees potential for a A$1 billion capital release if proposed regulatory changes come into force. Analyst Nigel Pittaway acknowledges that the Australian prudential regulator's proposals are complex, but is clear that the investment manager will be able to release substantial capital. Pittaway anticipates an initial A$200 million release from changes to the illiquidity premium, the reference benchmark and asset side changes. This will probably be dwarfed by releases including from the potential liquidation of alternative assets, he says. A$800 million looks likely, he writes in a note. Citi raises its target price 22% to A$9.20 and keeps a buy rating on the stock, which is down 0.4% at A$8.08. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7112":"其它综合性金融服务","CGF.AU":"CHALLENGER LTD"},"translate_title":"挑战者公牛预计将释放10亿美元资本——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CGF.AU":0.9},"content_text":"0055 GMT - Challenger's bull at Citi sees potential for a A$1 billion capital release if proposed regulatory changes come into force. Analyst Nigel Pittaway acknowledges that the Australian prudential regulator's proposals are complex, but is clear that the investment manager will be able to release substantial capital. Pittaway anticipates an initial A$200 million release from changes to the illiquidity premium, the reference benchmark and asset side changes. This will probably be dwarfed by releases including from the potential liquidation of alternative assets, he says. A$800 million looks likely, he writes in a note. Citi raises its target price 22% to A$9.20 and keeps a buy rating on the stock, which is down 0.4% at A$8.08. (stuart.condie@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  July 10, 2025 20:55 ET (00:55 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":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}