BUZZ-Aussie Tabcorp faces tough first half as Jefferies flags yield drag, licence hurdles
Reuters
Nov 24, 2025
BUZZ-Aussie Tabcorp faces tough first half as Jefferies flags yield drag, licence hurdles
** Jefferies sees betting firm Tabcorp’s TAH.AX retail uplift and racing revival as medium-term catalysts, but warns that near-term earnings will be pressured by a lack of New South Wales licence reforms and by ongoing yield drag.
** Brokerage says recent Racing Victoria AGM commentary and data point to a challenging first half for wagering operators, with bookmaker margins in Victoria sliding from a year ago
** Maintains price target for TAH at A$1.07 and a 'Buy' rating
** Stock has lost 14.1% so far this month and is set for its worst November on record
(Reporting by Kumar Tanishk in Bengaluru; Editing by Edmund Klamann)
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