BUZZ-Citi sees risks for Australia's Premier Investments post apparel brands demerger

Reuters

02-03

BUZZ-Citi sees risks for Australia's Premier Investments post apparel brands demerger

** Citi predicts risks and uncertainties for Australian retail billionaire Solomon Lew's Premier Investments PMV.AX post the demerger of its apparel brands

** PMV last month transferred its apparel brands to 125-year-old Myer Holdings MYR.AX in exchange of stake in MYR, leaving it with sleepwear designer brand Peter Alexander (PA) and school essentials brand Smiggle

** PMV also owns a 25% stake kitchen appliances maker Breville Group BRG.AX

** Citi says biggest concern is over PA growth and cost blowout; adds risks have risen for PA growth post 1H25

** Brokerage cuts earnings view post demerger of apparel brands; FY25 core net profit view cut by 15.7% to A$196.8 mln ($121.19 mln), FY26 view slashed by 26% to A$182.8 mln; PMV earned A$257.9 mln in FY24

** Citi hikes PT to A$26.00 from A$22.74, retains "neutral" rating; PMV closed at A$23.88 on Friday

** Five of 12 analysts rate PMV "buy" or higher, while seven rate it "hold"; their median PT is A$29.98 – LSEG data

** PMV down 2% this year, as of last close

($1 = 1.6239 Australian dollars)

(Reporting by Sameer Manekar in Bengaluru; editing by Diane Craft)

((Sameer.Manekar@thomsonreuters.com;))

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。

熱議股票

1
2
3
4
5
6
7
8
9
10

{"basename":"/hant","ssrTDKData":{"titleTemplate":"%s - 老虎證券","title":"老虎证券全球投资理财平台| 一站式投资美股新股港股A股","description":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","keywords":"老虎證券,老虎證券開戶,老虎券商,老虎證券官網,老虎證券app,tigertrade老虎證券,股票,炒股,新加坡股票交易平臺,投資,投資理財","social":{"ogDescription":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/hant/news/2508989159"},"companyName":"老虎證券"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2508989159\",edition:\"fundamental\",,,undefined,":{"share":"https://ttm.financial/m/news/2508989159?lang=zh_TW&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-02-03 06:22","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2508989159","market":"us","top_or_hot":-1,"title":"BUZZ-Citi sees risks for Australia's Premier Investments post apparel brands demerger","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>BUZZ-Citi sees risks for Australia's Premier Investments post apparel brands demerger</title></head><body><p>** Citi predicts risks and uncertainties for Australian retail billionaire Solomon Lew's Premier Investments <span>PMV.AX</span> post the demerger of its apparel brands </p><p>** PMV last month transferred its apparel brands to 125-year-old Myer Holdings <span>MYR.AX</span> in exchange of stake in MYR, leaving it with sleepwear designer brand Peter Alexander (PA) and school essentials brand Smiggle</p><p>** PMV also owns a 25% stake kitchen appliances maker Breville Group <span>BRG.AX</span> </p><p>** Citi says biggest concern is over PA growth and cost blowout; adds risks have risen for PA growth post 1H25</p><p>** Brokerage cuts earnings view post demerger of apparel brands; FY25 core net profit view cut by 15.7% to A$196.8 mln ($121.19 mln), FY26 view slashed by 26% to A$182.8 mln; PMV earned A$257.9 mln in FY24</p><p>** Citi hikes PT to A$26.00 from A$22.74, retains \"neutral\" rating; PMV closed at A$23.88 on Friday</p><p>** Five of 12 analysts rate PMV \"buy\" or higher, while seven rate it \"hold\"; their median PT is A$29.98 – LSEG <span>data</span></p><p>** PMV down 2% this year, as of last close</p><p>($1 = 1.6239 Australian dollars)</p><p> (Reporting by Sameer Manekar in Bengaluru; editing by Diane Craft)</p><p> ((Sameer.Manekar@thomsonreuters.com;))</p></body></html>","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>BUZZ-Citi sees risks for Australia's Premier Investments post apparel brands demerger</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: 12.5px; color: #7E829C; margin: 0;}\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\">\nBUZZ-Citi sees risks for Australia's Premier Investments post apparel brands demerger\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time smaller\">2025-02-03 06:22</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>BUZZ-Citi sees risks for Australia's Premier Investments post apparel brands demerger</title></head><body><p>** Citi predicts risks and uncertainties for Australian retail billionaire Solomon Lew's Premier Investments <span>PMV.AX</span> post the demerger of its apparel brands </p><p>** PMV last month transferred its apparel brands to 125-year-old Myer Holdings <span>MYR.AX</span> in exchange of stake in MYR, leaving it with sleepwear designer brand Peter Alexander (PA) and school essentials brand Smiggle</p><p>** PMV also owns a 25% stake kitchen appliances maker Breville Group <span>BRG.AX</span> </p><p>** Citi says biggest concern is over PA growth and cost blowout; adds risks have risen for PA growth post 1H25</p><p>** Brokerage cuts earnings view post demerger of apparel brands; FY25 core net profit view cut by 15.7% to A$196.8 mln ($121.19 mln), FY26 view slashed by 26% to A$182.8 mln; PMV earned A$257.9 mln in FY24</p><p>** Citi hikes PT to A$26.00 from A$22.74, retains \"neutral\" rating; PMV closed at A$23.88 on Friday</p><p>** Five of 12 analysts rate PMV \"buy\" or higher, while seven rate it \"hold\"; their median PT is A$29.98 – LSEG <span>data</span></p><p>** PMV down 2% this year, as of last close</p><p>($1 = 1.6239 Australian dollars)</p><p> (Reporting by Sameer Manekar in Bengaluru; editing by Diane Craft)</p><p> ((Sameer.Manekar@thomsonreuters.com;))</p></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250202:nL1N3OT0A4:1","article_id":"2508989159","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2508989159","pubTimestamp":1738534945,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"BUZZ-Citi sees risks for Australia's Premier Investments post apparel brands demerger** Citi predicts risks and uncertainties for Australian retail billionaire Solomon Lew's Premier Investments PMV.AX post the demerger of its apparel brands ** PMV last month transferred its apparel brands to 125-year-old Myer Holdings MYR.AX in exchange of stake in MYR, leaving it with sleepwear designer brand Peter Alexander  and school essentials brand Smiggle** PMV also owns a 25% stake kitchen appliances maker Breville Group BRG.AX ** Citi says biggest concern is over PA growth and cost blowout; adds risks have risen for PA growth post 1H25** Brokerage cuts earnings view post demerger of apparel brands; FY25 core net profit view cut by 15.7% to A$196.8 mln , FY26 view slashed by 26% to A$182.8 mln; PMV earned A$257.9 mln in FY24** Citi hikes PT to A$26.00 from A$22.74, retains \"neutral\" rating; PMV closed at A$23.88 on Friday** Five of 12 analysts rate PMV \"buy\" or higher, while seven rate it \"hold","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"BUZZ-花旗认为服装品牌分拆后澳大利亚首要投资面临风险","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BRG.AU":0.9,"MYR.AU":0.9,"MYRG":0.9,"PMV.AU":0.9},"content_text":"BUZZ-Citi sees risks for Australia's Premier Investments post apparel brands demerger** Citi predicts risks and uncertainties for Australian retail billionaire Solomon Lew's Premier Investments PMV.AX post the demerger of its apparel brands ** PMV last month transferred its apparel brands to 125-year-old Myer Holdings MYR.AX in exchange of stake in MYR, leaving it with sleepwear designer brand Peter Alexander (PA) and school essentials brand Smiggle** PMV also owns a 25% stake kitchen appliances maker Breville Group BRG.AX ** Citi says biggest concern is over PA growth and cost blowout; adds risks have risen for PA growth post 1H25** Brokerage cuts earnings view post demerger of apparel brands; FY25 core net profit view cut by 15.7% to A$196.8 mln ($121.19 mln), FY26 view slashed by 26% to A$182.8 mln; PMV earned A$257.9 mln in FY24** Citi hikes PT to A$26.00 from A$22.74, retains \"neutral\" rating; PMV closed at A$23.88 on Friday** Five of 12 analysts rate PMV \"buy\" or higher, while seven rate it \"hold\"; their median PT is A$29.98 – LSEG data** PMV down 2% this year, as of last close($1 = 1.6239 Australian dollars) (Reporting by Sameer Manekar in Bengaluru; editing by Diane Craft) ((Sameer.Manekar@thomsonreuters.com;))","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":"merge","news_rank":0,"symbols":[],"gpt_button":1,"code":"91000000","status":"200"}}}