Platinum Asset's Merger Not Enough to Lure Bull -- Market Talk

Dow Jones

Sep 24, 2025

0005 GMT - Platinum Asset Management's merger with L1 isn't enough to turn UBS analysts bullish on the stock. With shareholder approval for the transaction secured, the UBS analysts incorporate L1's earnings into their outlook for the Australian wealth manager, driving EPS forecast increases of 11% for fiscal 2026, 16% for fiscal 2027, and 61% for fiscal 2028. They tell clients in a note that L1 should achieve strong organic earnings growth, and forecast A$12.5 million in fiscal 2026 cost reductions across the whole group. UBS lifts its target price 49% to A$0.79 but stays neutral on the stock. Shares are up 1.4% at A$0.735. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

September 23, 2025 20:06 ET (00:06 GMT)

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With shareholder approval for the transaction secured, the UBS analysts incorporate L1's earnings into their outlook for the Australian wealth manager, driving EPS forecast increases of 11% for fiscal 2026, 16% for fiscal 2027, and 61% for fiscal 2028. They tell clients in a note that L1 should achieve strong organic earnings growth, and forecast A$12.5 million in fiscal 2026 cost reductions across the whole group. UBS lifts its target price 49% to A$0.79 but stays neutral on the stock. Shares are up 1.4% at A$0.735. 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With shareholder approval for the transaction secured, the UBS analysts incorporate L1's earnings into their outlook for the Australian wealth manager, driving EPS forecast increases of 11% for fiscal 2026, 16% for fiscal 2027, and 61% for fiscal 2028. They tell clients in a note that L1 should achieve strong organic earnings growth, and forecast A$12.5 million in fiscal 2026 cost reductions across the whole group. UBS lifts its target price 49% to A$0.79 but stays neutral on the stock. Shares are up 1.4% at A$0.735. (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  September 23, 2025 20:06 ET (00:06 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":"BK7062","symbol_name":"资产管理与托管银行","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2569742796","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2569742796","pubTimestamp":1758672360,"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":"0005 GMT - Platinum Asset Management's merger with L1 isn't enough to turn UBS analysts bullish on the stock. With shareholder approval for the transaction secured, the UBS analysts incorporate L1's earnings into their outlook for the Australian wealth manager, driving EPS forecast increases of 11% for fiscal 2026, 16% for fiscal 2027, and 61% for fiscal 2028. They tell clients in a note that L1 should achieve strong organic earnings growth, and forecast A$12.5 million in fiscal 2026 cost reductions across the whole group. UBS lifts its target price 49% to A$0.79 but stays neutral on the stock. Shares are up 1.4% at A$0.735. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7062":"资产管理与托管银行"},"translate_title":"Platinum Asset的合并不足以吸引牛市——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PTM.AU":0.9},"content_text":"0005 GMT - Platinum Asset Management's merger with L1 isn't enough to turn UBS analysts bullish on the stock. With shareholder approval for the transaction secured, the UBS analysts incorporate L1's earnings into their outlook for the Australian wealth manager, driving EPS forecast increases of 11% for fiscal 2026, 16% for fiscal 2027, and 61% for fiscal 2028. They tell clients in a note that L1 should achieve strong organic earnings growth, and forecast A$12.5 million in fiscal 2026 cost reductions across the whole group. UBS lifts its target price 49% to A$0.79 but stays neutral on the stock. Shares are up 1.4% at A$0.735. (stuart.condie@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  September 23, 2025 20:06 ET (00:06 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":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}