0012 GMT - Perpetual would have a better foundation for the proposed turnaround of its investments division if it keeps hold of its wealth-management and corporate-trust units, Morgan Stanley analyst Andrei Stadnik says. He reckons that the tax ruling on the proposed demerger of wealth management and corporate trust has made their sale to KKR looking less likely. He writes in a note that Perpetual's current group structure will now look more attractive to shareholders. MS has an equal-weight rating and A$20.60 target price on the stock, which is down 0.6% at A$19.945. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
December 10, 2024 19:12 ET (00:12 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。