0410 GMT - Wilsons' analysts maintain a bullish view on Praemium, noting that the Australian wealth manager's 1Q update supports expectations of operating leverage in fiscal 2025. The company is likely to benefit from price increases and an end to outsized outflows from the acquired Powerwrap business, the analysts say. They add that easing group outflows suggest underlying flows have turned positive and that growth in funds under administration looks healthy. Wilsons holds an overweight rating on the stock, which is up 0.4% at A$0.6375. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
October 23, 2024 00:10 ET (04:10 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。